Loomis Sayles & Co. L P Sells 13,691 Shares of Axos Financial, Inc. (NYSE:AX)

Loomis Sayles & Co. L P cut its position in shares of Axos Financial, Inc. (NYSE:AX) by 3.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 439,734 shares of the company’s stock after selling 13,691 shares during the period. Loomis Sayles & Co. L P’s holdings in Axos Financial were worth $30,715,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in AX. JPMorgan Chase & Co. grew its position in Axos Financial by 45.8% in the 4th quarter. JPMorgan Chase & Co. now owns 410,590 shares of the company’s stock valued at $28,680,000 after acquiring an additional 128,932 shares during the last quarter. Advantage Alpha Capital Partners LP grew its holdings in shares of Axos Financial by 12.8% in the fourth quarter. Advantage Alpha Capital Partners LP now owns 8,471 shares of the company’s stock worth $592,000 after purchasing an additional 961 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Axos Financial by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 6,129,602 shares of the company’s stock worth $428,153,000 after purchasing an additional 49,695 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new position in Axos Financial in the 4th quarter worth about $1,055,000. Finally, Sei Investments Co. boosted its position in Axos Financial by 25.5% in the 4th quarter. Sei Investments Co. now owns 88,518 shares of the company’s stock valued at $6,183,000 after buying an additional 18,013 shares during the period. 83.79% of the stock is currently owned by institutional investors.

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 that occurred on Tuesday, March 4th. The shares were purchased at an average cost of $64.73 per share, for a total transaction of $194,190.00. Following the purchase, the director now directly owns 10,250 shares in the company, valued at $663,482.50. This represents a 41.38 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 5.07% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

AX has been the topic of a number of research reports. DA Davidson reduced their target price on shares of Axos Financial from $96.00 to $88.00 and set a “buy” rating on the stock in a research report on Thursday, January 30th. StockNews.com upgraded Axos Financial from a “sell” rating to a “hold” rating in a report on Monday, December 9th. Needham & Company LLC upped their target price on Axos Financial from $85.00 to $88.00 and gave the stock a “buy” rating in a report on Wednesday, January 29th. Raymond James restated an “outperform” rating and set a $80.00 price target (up previously from $75.00) on shares of Axos Financial in a research note on Wednesday, January 29th. Finally, Keefe, Bruyette & Woods decreased their price objective on Axos Financial from $91.00 to $90.00 and set a “market perform” rating for the company in a report on Wednesday, January 29th. 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 MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $84.17.

Axos Financial Trading Down 1.0 %

Shares of NYSE:AX opened at $64.86 on Friday. The company has a market capitalization of $3.70 billion, a PE ratio of 8.72 and a beta of 1.45. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.20. Axos Financial, Inc. has a 12-month low of $44.10 and a 12-month high of $88.46. The business’s fifty day simple moving average is $67.83 and its 200-day simple moving average is $69.96.

Axos Financial (NYSE:AX) last posted its earnings results on Tuesday, January 28th. The company reported $1.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.75 by $0.07. Axos Financial had a return on equity of 18.67% and a net margin of 22.10%. As a group, equities research analysts predict that Axos Financial, Inc. will post 7.22 earnings per share for the current fiscal year.

About Axos Financial

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.