Boston Partners Buys Shares of 427,085 Axos Financial, Inc. (NYSE:AX)

Boston Partners bought a new stake in Axos Financial, Inc. (NYSE:AX) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 427,085 shares of the company’s stock, valued at approximately $29,918,000. Boston Partners owned 0.75% of Axos Financial at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in AX. Empowered Funds LLC acquired a new stake in shares of Axos Financial during the third quarter worth about $800,000. Natixis Advisors LLC raised its position in shares of Axos Financial by 14.9% during the third quarter. Natixis Advisors LLC now owns 21,030 shares of the company’s stock worth $1,322,000 after purchasing an additional 2,727 shares during the period. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of Axos Financial during the third quarter worth about $1,641,000. Advisors Asset Management Inc. raised its position in shares of Axos Financial by 33.9% during the third quarter. Advisors Asset Management Inc. now owns 1,961 shares of the company’s stock worth $123,000 after purchasing an additional 496 shares during the period. Finally, Intech Investment Management LLC raised its position in shares of Axos Financial by 74.0% during the third quarter. Intech Investment Management LLC now owns 27,441 shares of the company’s stock worth $1,725,000 after purchasing an additional 11,674 shares during the period. Institutional investors and hedge funds own 83.79% of the company’s stock.

Axos Financial Stock Up 1.3 %

AX stock opened at $64.23 on Thursday. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.20. The business has a 50 day moving average price of $68.27 and a two-hundred day moving average price of $70.05. The company has a market cap of $3.67 billion, a price-to-earnings ratio of 8.63 and a beta of 1.45. Axos Financial, Inc. has a twelve month low of $44.10 and a twelve month high of $88.46.

Axos Financial (NYSE:AX) last posted its quarterly earnings results on Tuesday, January 28th. The company reported $1.82 earnings per share for the quarter, beating analysts’ consensus estimates of $1.75 by $0.07. Axos Financial had a return on equity of 18.67% and a net margin of 22.10%. Analysts anticipate that Axos Financial, Inc. will post 7.22 EPS for the current fiscal year.

Insider Buying and Selling at Axos Financial

In other Axos Financial news, Director Sara Wardell-Smith bought 3,000 shares of Axos Financial stock in a transaction dated Tuesday, March 4th. The stock was bought at an average cost of $64.73 per share, for a total transaction of $194,190.00. Following the purchase, the director now owns 10,250 shares of the company’s stock, valued at $663,482.50. The trade was a 41.38 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 5.07% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on AX shares. Needham & Company LLC raised their price target on Axos Financial from $85.00 to $88.00 and gave the stock a “buy” rating in a research report on Wednesday, January 29th. Raymond James reaffirmed an “outperform” rating and set a $80.00 price target (up previously from $75.00) on shares of Axos Financial in a research report on Wednesday, January 29th. Keefe, Bruyette & Woods dropped their target price on Axos Financial from $91.00 to $90.00 and set a “market perform” rating on the stock in a research report on Wednesday, January 29th. StockNews.com raised Axos Financial from a “sell” rating to a “hold” rating in a research report on Monday, December 9th. Finally, DA Davidson dropped their target price on Axos Financial from $96.00 to $88.00 and set a “buy” rating on the stock in a research report on Thursday, January 30th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $84.17.

Axos Financial Company 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.