Loomis Sayles & Co. L P Boosts Position in Axos Financial, Inc. (NYSE:AX)

Loomis Sayles & Co. L P grew its position in Axos Financial, Inc. (NYSE:AX - Free Report) by 9.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 453,425 shares of the company's stock after acquiring an additional 39,091 shares during the quarter. Loomis Sayles & Co. L P owned 0.79% of Axos Financial worth $28,512,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. American Century Companies Inc. boosted its position in shares of Axos Financial by 26.2% during the second quarter. American Century Companies Inc. now owns 1,549,748 shares of the company's stock valued at $88,568,000 after buying an additional 321,494 shares during the period. Geneva Capital Management LLC boosted its holdings in Axos Financial by 0.3% during the 3rd quarter. Geneva Capital Management LLC now owns 708,520 shares of the company's stock valued at $44,552,000 after acquiring an additional 1,976 shares during the period. Emerald Advisers LLC grew its position in 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 acquiring an additional 63,458 shares during the last quarter. Emerald Mutual Fund Advisers Trust increased its stake 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 worth $26,564,000 after purchasing an additional 40,184 shares during the period. Finally, Millennium Management LLC lifted its position in shares of Axos Financial by 107.9% during the second quarter. Millennium Management LLC now owns 367,251 shares of the company's stock worth $20,988,000 after purchasing an additional 190,584 shares during the last quarter. 83.79% of the stock is owned by hedge funds and other institutional investors.

Axos Financial Stock Down 2.6 %

Shares of NYSE AX traded down $2.23 during mid-day trading on Tuesday, reaching $84.37. 496,195 shares of the company were exchanged, compared to its average volume of 580,081. Axos Financial, Inc. has a 1 year low of $36.93 and a 1 year high of $88.46. The firm has a 50-day moving average of $69.34 and a 200 day moving average of $64.50. The stock has a market cap of $4.82 billion, a price-to-earnings ratio of 10.35 and a beta of 1.38. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.17.

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

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Wedbush cut their price target on shares of Axos Financial from $80.00 to $75.00 and set a "neutral" rating on the stock in a report on Tuesday, September 24th. Needham & Company LLC lifted their price target on shares of Axos Financial from $82.00 to $85.00 and gave the company a "buy" rating in a research note on Thursday, October 31st. Raymond James increased their price objective on Axos Financial from $67.00 to $81.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 31st. StockNews.com cut Axos Financial from a "hold" rating to a "sell" rating in a report on Wednesday, November 13th. Finally, Piper Sandler raised their price target on Axos Financial from $68.00 to $84.00 and gave the company an "overweight" rating in a research note on Wednesday, July 31st. One analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $79.80.

Insider Activity

In other news, EVP Andrew J. Micheletti sold 5,197 shares of Axos Financial stock in a transaction on 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 sale, the executive vice president now directly owns 424,149 shares in the company, valued at approximately $26,776,526.37. The trade was a 1.21 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Edward James Ratinoff sold 4,002 shares of the company's stock in a transaction on Friday, November 15th. The shares were sold at an average price of $79.41, for a total value of $317,798.82. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 134,199 shares of company stock worth $10,882,135. Insiders own 5.07% of the company's stock.

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.