Natixis Advisors LLC Grows Stake in Axos Financial, Inc. (NYSE:AX)

Natixis Advisors LLC boosted its position in shares of Axos Financial, Inc. (NYSE:AX) by 3.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 21,814 shares of the company’s stock after acquiring an additional 784 shares during the quarter. Natixis Advisors LLC’s holdings in Axos Financial were worth $1,524,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of AX. JPMorgan Chase & Co. increased its position in shares of Axos Financial by 12.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 281,658 shares of the company’s stock valued at $17,711,000 after purchasing an additional 32,095 shares during the last quarter. Loomis Sayles & Co. L P increased its holdings in Axos Financial by 9.4% during the third quarter. Loomis Sayles & Co. L P now owns 453,425 shares of the company’s stock valued at $28,512,000 after buying an additional 39,091 shares during the last quarter. Barclays PLC raised its position in Axos Financial by 32.6% in the third quarter. Barclays PLC now owns 142,715 shares of the company’s stock worth $8,974,000 after acquiring an additional 35,087 shares during the period. Principal Financial Group Inc. boosted its stake in shares of Axos Financial by 5.4% during the 4th quarter. Principal Financial Group Inc. now owns 337,918 shares of the company’s stock worth $23,604,000 after acquiring an additional 17,201 shares during the last quarter. Finally, Assenagon Asset Management S.A. bought a new stake in shares of Axos Financial during the 4th quarter valued at $9,849,000. Institutional investors own 83.79% of the company’s stock.

Insider Buying and Selling

In other Axos Financial news, Director Sara Wardell-Smith purchased 3,000 shares of Axos Financial stock in a transaction that occurred on Tuesday, March 4th. The shares were bought at an average price of $64.73 per share, for a total transaction of $194,190.00. Following the completion of the transaction, 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 position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. 5.07% of the stock is owned by company insiders.

Analysts Set New Price Targets

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

Axos Financial Trading Up 4.5 %

Axos Financial stock opened at $67.11 on Tuesday. Axos Financial, Inc. has a 1 year low of $44.10 and a 1 year high of $88.46. The firm’s 50 day moving average price is $68.13 and its 200-day moving average price is $70.01. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.09 and a quick ratio of 1.09. The stock has a market cap of $3.83 billion, a P/E ratio of 9.02 and a beta of 1.45.

Axos Financial (NYSE:AX) last announced its quarterly earnings results on Tuesday, January 28th. The company reported $1.82 earnings per share (EPS) 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, equities analysts predict that Axos Financial, Inc. will post 7.22 earnings per share 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.