427,085 Shares in Axos Financial, Inc. (NYSE:AX) Acquired by Boston Partners

Boston Partners acquired a new position in Axos Financial, Inc. (NYSE:AX - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm acquired 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 reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of AX. Heck Capital Advisors LLC purchased a new stake in Axos Financial during the 4th quarter worth $35,000. Kestra Investment Management LLC purchased a new stake in shares of Axos Financial in the fourth quarter worth about $52,000. R Squared Ltd acquired a new stake in shares of Axos Financial in the fourth quarter valued at about $66,000. SRS Capital Advisors Inc. raised its holdings in shares of Axos Financial by 238.6% during the 4th quarter. SRS Capital Advisors Inc. now owns 1,097 shares of the company's stock valued at $77,000 after buying an additional 773 shares during the period. Finally, Parkside Financial Bank & Trust lifted its position in Axos Financial by 206.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,261 shares of the company's stock worth $88,000 after acquiring an additional 849 shares in the last quarter. 83.79% of the stock is owned by institutional investors and hedge funds.

Axos Financial Stock Up 4.5 %

Shares of AX stock traded up $2.90 during trading hours on Monday, hitting $67.11. 298,954 shares of the company were exchanged, compared to its average volume of 508,719. The stock has a market capitalization of $3.83 billion, a price-to-earnings ratio of 9.02 and a beta of 1.45. Axos Financial, Inc. has a one year low of $44.10 and a one year high of $88.46. The business's 50-day simple moving average is $68.12 and its two-hundred day simple moving average is $70.01. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.09 and a current ratio of 1.09.

Remove Ads

Axos Financial (NYSE:AX - Get Free Report) last released its earnings results on Tuesday, January 28th. The company reported $1.82 EPS for the quarter, topping 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%. Sell-side analysts predict that Axos Financial, Inc. will post 7.22 EPS for the current fiscal year.

Insider Buying and Selling

In other Axos Financial news, Director Sara Wardell-Smith bought 3,000 shares of the company's stock in a transaction on Tuesday, March 4th. The shares were bought at an average cost of $64.73 per share, with a total value of $194,190.00. Following the completion of the acquisition, the director now owns 10,250 shares of the company's stock, valued at approximately $663,482.50. This trade represents a 41.38 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 5.07% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

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

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.