Boston Partners Sells 122,884 Shares of Axos Financial, Inc $AX

Boston Partners lessened its holdings in Axos Financial, Inc (NYSE:AX) by 24.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 381,931 shares of the company’s stock after selling 122,884 shares during the period. Boston Partners’ holdings in Axos Financial were worth $29,595,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Nuveen LLC acquired a new position in shares of Axos Financial in the first quarter valued at $35,240,000. American Century Companies Inc. grew its stake in Axos Financial by 14.7% in the 1st quarter. American Century Companies Inc. now owns 2,151,229 shares of the company’s stock valued at $138,797,000 after buying an additional 276,450 shares during the last quarter. Voss Capital LP bought a new position in Axos Financial in the 1st quarter valued at about $13,401,000. Militia Capital Partners LP raised its holdings in Axos Financial by 825.0% in the 1st quarter. Militia Capital Partners LP now owns 111,000 shares of the company’s stock valued at $7,162,000 after acquiring an additional 99,000 shares during the period. Finally, Public Sector Pension Investment Board lifted its position in Axos Financial by 46.0% during the first quarter. Public Sector Pension Investment Board now owns 197,341 shares of the company’s stock worth $12,732,000 after acquiring an additional 62,198 shares during the last quarter. 83.79% of the stock is owned by institutional investors.

Insider Activity at Axos Financial

In other news, EVP Candace L. Thiele sold 700 shares of the company’s stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $90.14, for a total transaction of $63,098.00. Following the completion of the sale, the executive vice president owned 23 shares of the company’s stock, valued at approximately $2,073.22. This represents a 96.82% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 4.85% of the company’s stock.

Wall Street Analyst Weigh In

AX has been the topic of several research reports. Wall Street Zen raised Axos Financial from a “sell” rating to a “hold” rating in a research report on Saturday, August 2nd. DA Davidson boosted their price target on Axos Financial from $100.00 to $106.00 and gave the company a “buy” rating in a research note on Wednesday, September 24th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Axos Financial in a report on Tuesday. Keefe, Bruyette & Woods lifted their target price on Axos Financial from $94.00 to $100.00 and gave the stock a “market perform” rating in a report on Monday, September 29th. Finally, Needham & Company LLC upped their price target on shares of Axos Financial from $105.00 to $107.00 and gave the company a “buy” rating in a research note on Friday, October 31st. Six investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $97.17.

Axos Financial Price Performance

Shares of NYSE AX opened at $81.99 on Thursday. The business has a fifty day moving average price of $84.06 and a two-hundred day moving average price of $80.47. The stock has a market capitalization of $4.64 billion, a PE ratio of 10.99 and a beta of 1.35. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.09 and a quick ratio of 1.09. Axos Financial, Inc has a fifty-two week low of $54.46 and a fifty-two week high of $93.84.

Axos Financial (NYSE:AX) last issued its quarterly earnings results on Thursday, October 30th. The company reported $2.07 EPS for the quarter, topping analysts’ consensus estimates of $1.86 by $0.21. The company had revenue of $323.39 million for the quarter, compared to analysts’ expectations of $319.96 million. Axos Financial had a return on equity of 17.11% and a net margin of 22.24%.During the same quarter last year, the business earned $1.96 earnings per share. As a group, equities analysts predict that Axos Financial, Inc will post 7.22 earnings per share for the current fiscal year.

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.