Axos Financial, Inc. (NYSE:AX) Shares Acquired by Quantbot Technologies LP

Quantbot Technologies LP grew its holdings in Axos Financial, Inc. (NYSE:AX - Free Report) by 61.0% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 75,315 shares of the company's stock after acquiring an additional 28,526 shares during the quarter. Quantbot Technologies LP owned about 0.13% of Axos Financial worth $4,736,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in AX. American Century Companies Inc. increased its stake in Axos Financial by 26.2% in the second quarter. American Century Companies Inc. now owns 1,549,748 shares of the company's stock valued at $88,568,000 after purchasing an additional 321,494 shares during the last quarter. Geneva Capital Management LLC grew its position in shares of Axos Financial by 0.3% in the 3rd quarter. Geneva Capital Management LLC now owns 708,520 shares of the company's stock valued at $44,552,000 after buying an additional 1,976 shares during the last quarter. Emerald Advisers LLC grew its position in shares of Axos Financial by 14.4% in the 3rd quarter. Emerald Advisers LLC now owns 505,544 shares of the company's stock valued at $31,789,000 after buying an additional 63,458 shares during the last quarter. Loomis Sayles & Co. L P raised its stake in Axos Financial by 9.4% during the 3rd quarter. Loomis Sayles & Co. L P now owns 453,425 shares of the company's stock worth $28,512,000 after acquiring an additional 39,091 shares in the last quarter. Finally, Emerald Mutual Fund Advisers Trust lifted its position in Axos Financial by 10.5% in the third quarter. Emerald Mutual Fund Advisers Trust now owns 422,460 shares of the company's stock valued at $26,564,000 after acquiring an additional 40,184 shares during the last quarter. Institutional investors and hedge funds own 83.79% of the company's stock.

Axos Financial Stock Performance

Shares of AX stock traded up $0.14 during midday trading on Wednesday, hitting $84.53. The company had a trading volume of 37,053 shares, compared to its average volume of 577,691. The stock has a market cap of $4.83 billion, a price-to-earnings ratio of 10.29 and a beta of 1.38. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.08 and a quick ratio of 1.08. The company's 50 day simple moving average is $69.71 and its 200 day simple moving average is $64.67. Axos Financial, Inc. has a 52-week low of $36.93 and a 52-week high of $88.46.

Axos Financial (NYSE:AX - Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $1.96 earnings per share for the quarter, beating analysts' consensus estimates of $1.80 by $0.16. The firm had revenue of $512.87 million for the quarter, compared to analyst estimates of $299.59 million. Axos Financial had a net margin of 24.07% and a return on equity of 18.99%. During the same period last year, the firm posted $1.41 EPS. Research analysts anticipate that Axos Financial, Inc. will post 7.02 earnings per share for the current fiscal year.

Insider Activity

In other Axos Financial news, Director Edward James Ratinoff sold 4,002 shares of the business's stock in a transaction on Friday, November 15th. The shares were sold at an average price of $79.41, for a total transaction of $317,798.82. Following the sale, the director now directly owns 46,209 shares in the company, valued at approximately $3,669,456.69. The trade was a 7.97 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Andrew J. Micheletti sold 5,197 shares of the stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $63.13, for a total transaction of $328,086.61. Following the completion of the transaction, the executive vice president now owns 424,149 shares of the company's stock, valued at $26,776,526.37. This represents a 1.21 % decrease in their position. 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 over the last quarter. Corporate insiders own 5.07% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on AX shares. StockNews.com lowered Axos Financial from a "hold" rating to a "sell" rating in a report on Wednesday, November 13th. Keefe, Bruyette & Woods raised their price target on Axos Financial from $72.00 to $74.00 and gave the stock a "market perform" rating in a research note on Friday, November 1st. Raymond James boosted their price objective on Axos Financial from $67.00 to $81.00 and gave the company an "outperform" rating in a research note on Wednesday, July 31st. Piper Sandler raised their target price on shares of Axos Financial from $68.00 to $84.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 31st. Finally, Wedbush reduced their price target on shares of Axos Financial from $80.00 to $75.00 and set a "neutral" rating for the company in a research report on Tuesday, September 24th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Axos Financial presently has an average rating of "Hold" and an average target price of $79.80.

About Axos Financial

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.