Axos Financial, Inc. (NYSE:AX) Shares Purchased by Natixis Advisors LLC

Natixis Advisors LLC raised its position in shares of Axos Financial, Inc. (NYSE:AX) by 14.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 21,030 shares of the company’s stock after acquiring an additional 2,727 shares during the period. Natixis Advisors LLC’s holdings in Axos Financial were worth $1,322,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. American Century Companies Inc. boosted its position in shares of Axos Financial by 26.2% in the second quarter. American Century Companies Inc. now owns 1,549,748 shares of the company’s stock worth $88,568,000 after buying an additional 321,494 shares during the period. Millennium Management LLC lifted its position in Axos Financial by 107.9% during the 2nd quarter. Millennium Management LLC now owns 367,251 shares of the company’s stock worth $20,988,000 after acquiring an additional 190,584 shares in the last quarter. Renaissance Technologies LLC acquired a new position in Axos Financial during the 2nd quarter worth approximately $5,077,000. Principal Financial Group Inc. boosted its holdings in Axos Financial by 27.9% in the 3rd quarter. Principal Financial Group Inc. now owns 320,717 shares of the company’s stock worth $20,167,000 after acquiring an additional 70,017 shares during the period. Finally, Emerald Advisers LLC grew its position in Axos Financial by 14.4% in the third quarter. Emerald Advisers LLC now owns 505,544 shares of the company’s stock valued at $31,789,000 after acquiring an additional 63,458 shares in the last quarter. 83.79% of the stock is currently owned by institutional investors and hedge funds.

Axos Financial Stock Performance

Shares of NYSE AX opened at $84.37 on Wednesday. The stock’s fifty day simple moving average is $69.34 and its 200 day simple moving average is $64.50. The stock has a market capitalization of $4.82 billion, a price-to-earnings ratio of 10.35 and a beta of 1.38. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.17. Axos Financial, Inc. has a 52-week low of $36.93 and a 52-week high of $88.46.

Axos Financial (NYSE:AX) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $1.96 earnings per share for the quarter, topping the consensus estimate of $1.80 by $0.16. Axos Financial had a net margin of 24.07% and a return on equity of 18.99%. The firm had revenue of $512.87 million for the quarter, compared to analysts’ expectations of $299.59 million. During the same period in the previous year, the company posted $1.41 EPS. As a group, sell-side analysts forecast that Axos Financial, Inc. will post 7.02 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on AX. StockNews.com lowered shares of Axos Financial from a “hold” rating to a “sell” rating in a report on Wednesday, November 13th. Needham & Company LLC raised their target price on Axos Financial from $82.00 to $85.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Raymond James boosted their price target on Axos Financial from $67.00 to $81.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. Piper Sandler raised their price objective on Axos Financial from $68.00 to $84.00 and gave the company an “overweight” rating in a research note on Wednesday, July 31st. Finally, Keefe, Bruyette & Woods lifted their price objective on Axos Financial from $72.00 to $74.00 and gave the stock a “market perform” rating in a report on Friday, November 1st. One analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $79.80.

Insiders Place Their Bets

In other news, EVP Andrew J. Micheletti sold 5,197 shares of Axos Financial stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $63.13, for a total value of $328,086.61. Following the transaction, the executive vice president now owns 424,149 shares of the company’s stock, valued at $26,776,526.37. This trade represents a 1.21 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Gregory Garrabrants sold 125,000 shares of the company’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $81.89, for a total transaction of $10,236,250.00. Following the sale, the chief executive officer now owns 1,340,377 shares of the company’s stock, valued at $109,763,472.53. This trade represents a 8.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 134,199 shares of company stock valued at $10,882,135 in the last three months. Insiders own 5.07% of the company’s stock.

Axos Financial Profile

Axos Financial, Inc, together with its subsidiaries, provides consumer and business banking products in the United States. It operates through two segments, Banking Business and Securities Business. The company offers deposits products, including consumer and business checking, demand, savings, time deposit, money market, zero balance, and insured cash sweep accounts.