Loomis Sayles & Co. L P Has $30.72 Million Stake in Axos Financial, Inc. (NYSE:AX)

Loomis Sayles & Co. L P cut its position in shares of Axos Financial, Inc. (NYSE:AX - Free Report) by 3.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 439,734 shares of the company's stock after selling 13,691 shares during the quarter. Loomis Sayles & Co. L P owned approximately 0.77% of Axos Financial worth $30,715,000 at the end of the most recent quarter.

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

Insider Buying and Selling at Axos Financial

In other Axos Financial news, Director Sara Wardell-Smith bought 3,000 shares of the firm's stock in a transaction dated Tuesday, March 4th. The stock was acquired at an average price of $64.73 per share, with a total value of $194,190.00. Following the completion of the transaction, the director now directly owns 10,250 shares in the company, valued at approximately $663,482.50. This represents a 41.38 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 5.07% of the company's stock.

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Analyst Ratings Changes

AX has been the topic of a number of research reports. Raymond James restated an "outperform" rating and issued a $80.00 price objective (up from $75.00) on shares of Axos Financial in a report on Wednesday, January 29th. StockNews.com upgraded shares of Axos Financial from a "sell" rating to a "hold" rating in a research note on Monday, December 9th. 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. Keefe, Bruyette & Woods lowered their target price on Axos Financial from $91.00 to $90.00 and set a "market perform" rating for the company in a research note on Wednesday, January 29th. Finally, DA Davidson cut their price target on Axos Financial from $96.00 to $88.00 and set a "buy" rating on the stock in a research note on Thursday, January 30th. Three investment 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, Axos Financial currently has an average rating of "Moderate Buy" and an average price target of $84.17.

Axos Financial Stock Performance

AX traded down $0.16 during trading on Tuesday, reaching $64.36. 32,489 shares of the company were exchanged, compared to its average volume of 523,857. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.20. The stock has a market cap of $3.67 billion, a P/E ratio of 8.65 and a beta of 1.45. Axos Financial, Inc. has a 52 week low of $44.10 and a 52 week high of $88.46. The firm has a 50 day moving average of $67.51 and a 200 day moving average of $70.10.

Axos Financial (NYSE:AX - Get Free Report) last issued its quarterly earnings data 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 net margin of 22.10% and a return on equity of 18.67%. On average, sell-side analysts forecast that Axos Financial, Inc. will post 7.22 EPS for the current fiscal year.

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.