Boston Partners Reduces Stake in Axos Financial, Inc $AX

Boston Partners lowered its stake in Axos Financial, Inc (NYSE:AX - Free Report) by 24.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 381,931 shares of the company's stock after selling 122,884 shares during the period. Boston Partners owned 0.68% of Axos Financial worth $29,595,000 at the end of the most recent reporting period.

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Other hedge funds have also added to or reduced their stakes in the company. True Wealth Design LLC lifted its stake in shares of Axos Financial by 120.9% in the 2nd quarter. True Wealth Design LLC now owns 433 shares of the company's stock valued at $33,000 after purchasing an additional 237 shares during the period. IFP Advisors Inc boosted its position in shares of Axos Financial by 360.7% in the 2nd quarter. IFP Advisors Inc now owns 493 shares of the company's stock worth $37,000 after purchasing an additional 386 shares in the last quarter. Sprucegrove Investment Management Ltd. purchased a new stake in shares of Axos Financial in the 2nd quarter worth approximately $99,000. Quarry LP bought a new position in Axos Financial during the 1st quarter valued at approximately $119,000. Finally, MAI Capital Management increased its position in Axos Financial by 10.2% during the 2nd quarter. MAI Capital Management now owns 1,653 shares of the company's stock valued at $126,000 after buying an additional 153 shares in the last quarter. 83.79% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Axos Financial

In other news, EVP Candace L. Thiele sold 700 shares of the stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $90.14, for a total value of $63,098.00. Following the sale, the executive vice president directly owned 23 shares in the company, valued at approximately $2,073.22. This represents a 96.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 4.85% of the company's stock.

Axos Financial Trading Down 0.5%

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Shares of AX stock opened at $82.21 on Friday. The company has a market cap of $4.66 billion, a PE ratio of 11.02 and a beta of 1.35. The stock's 50 day simple moving average is $81.50 and its two-hundred day simple moving average is $81.36. Axos Financial, Inc has a 1 year low of $54.46 and a 1 year high of $93.84. 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 (NYSE:AX - Get Free Report) last posted its quarterly earnings data on Thursday, October 30th. The company reported $2.07 EPS for the quarter, topping the consensus estimate of $1.86 by $0.21. The company had revenue of $323.39 million during the quarter, compared to analyst estimates of $319.96 million. Axos Financial had a net margin of 22.24% and a return on equity of 17.11%. During the same period in the previous year, the firm earned $1.96 earnings per share. Research analysts predict that Axos Financial, Inc will post 7.22 earnings per share for the current year.

Analysts Set New Price Targets

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AX has been the topic of several analyst reports. Needham & Company LLC boosted their target price on Axos Financial from $105.00 to $107.00 and gave the stock a "buy" rating in a report on Friday, October 31st. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Axos Financial in a research report on Monday. Wall Street Zen upgraded Axos Financial from a "sell" rating to a "hold" rating in a research note on Saturday, August 2nd. Raymond James Financial restated an "outperform" rating and issued a $100.00 price objective (up from $95.00) on shares of Axos Financial in a research note on Tuesday, September 23rd. Finally, DA Davidson increased their target price on shares of Axos Financial from $100.00 to $106.00 and gave the stock a "buy" rating in a report on Wednesday, September 24th. Six investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, Axos Financial currently has a consensus rating of "Moderate Buy" and a consensus target price of $97.17.

View Our Latest Research Report on Axos Financial

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.

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