Natixis Advisors LLC Increases Position in Axos Financial, Inc. (NYSE:AX)

Natixis Advisors LLC increased its stake in shares of Axos Financial, Inc. (NYSE:AX) by 14.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,030 shares of the company’s stock after purchasing an additional 2,727 shares during the quarter. Natixis Advisors LLC’s holdings in Axos Financial were worth $1,322,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in AX. SG Americas Securities LLC raised its holdings in shares of Axos Financial by 453.9% in the second quarter. SG Americas Securities LLC now owns 32,124 shares of the company’s stock worth $1,836,000 after buying an additional 26,324 shares during the last quarter. CANADA LIFE ASSURANCE Co raised its stake in Axos Financial by 19.7% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 50,460 shares of the company’s stock worth $2,727,000 after acquiring an additional 8,322 shares during the last quarter. Janus Henderson Group PLC lifted its position in Axos Financial by 130.1% during the 1st quarter. Janus Henderson Group PLC now owns 55,640 shares of the company’s stock worth $3,007,000 after acquiring an additional 31,464 shares during the period. Maverick Capital Ltd. grew its stake in Axos Financial by 287.4% during the 2nd quarter. Maverick Capital Ltd. now owns 36,200 shares of the company’s stock valued at $2,069,000 after purchasing an additional 26,855 shares during the last quarter. Finally, Algert Global LLC increased its holdings in shares of Axos Financial by 9.9% in the second quarter. Algert Global LLC now owns 183,352 shares of the company’s stock valued at $10,479,000 after purchasing an additional 16,448 shares during the period. Institutional investors own 83.79% of the company’s stock.

Axos Financial Stock Down 2.6 %

Shares of NYSE AX opened at $84.37 on Wednesday. The stock has a market cap of $4.82 billion, a P/E ratio of 10.35 and a beta of 1.38. The business’s fifty day simple moving average is $69.34 and its 200-day simple moving average is $64.50. Axos Financial, Inc. has a 12-month low of $36.93 and a 12-month high of $88.46. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.17.

Axos Financial (NYSE:AX) last released its quarterly earnings data on Wednesday, October 30th. The company reported $1.96 earnings per share (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 business had revenue of $512.87 million during the quarter, compared to analysts’ expectations of $299.59 million. During the same period in the previous year, the company earned $1.41 EPS. As a group, equities analysts predict that Axos Financial, Inc. will post 7.02 EPS for the current fiscal year.

Insider Activity

In related news, EVP Andrew J. Micheletti sold 5,197 shares of the firm’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $63.13, for a total value of $328,086.61. Following the completion of the sale, the executive vice president now owns 424,149 shares in the company, valued at $26,776,526.37. This trade represents a 1.21 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Edward James Ratinoff sold 4,002 shares of Axos Financial stock in a transaction that occurred 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 sale, the director now owns 46,209 shares in the company, valued at approximately $3,669,456.69. This trade represents a 7.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 134,199 shares of company stock valued at $10,882,135 in the last ninety days. 5.07% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on AX shares. Raymond James upped their target price on Axos Financial from $67.00 to $81.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. Needham & Company LLC upped their price objective on shares of Axos Financial from $82.00 to $85.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Wedbush cut their price objective on shares of Axos Financial from $80.00 to $75.00 and set a “neutral” rating on the stock in a research note on Tuesday, September 24th. Keefe, Bruyette & Woods boosted their target price on shares of Axos Financial from $72.00 to $74.00 and gave the company a “market perform” rating in a research report on Friday, November 1st. Finally, StockNews.com lowered shares of Axos Financial from a “hold” rating to a “sell” rating in a report on Wednesday, November 13th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $79.80.

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.