Boston Partners Has $31.19 Million Stake in AXOS FINANCIAL, INC $AX

Key Points

• Boston Partners increased its stake in Axos Financial by 18.2%, now owning 504,815 shares valued at approximately $31.19 million.
• Recent activity from institutional investors includes significant new stakes and increases, with 83.79% of Axos Financial's stock now owned by institutional shareholders.
• Analysts have varied perspectives on Axos Financial, setting a consensus price target of $90.86 with multiple firms issuing buy ratings and raising price objectives following recent earnings results.

Boston Partners increased its position in shares of AXOS FINANCIAL, INC (NYSE:AX - Free Report) by 18.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 504,815 shares of the company's stock after buying an additional 77,730 shares during the quarter. Boston Partners owned 0.90% of AXOS FINANCIAL worth $31,191,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Heck Capital Advisors LLC acquired a new stake in AXOS FINANCIAL during the fourth quarter worth about $35,000. NewEdge Advisors LLC grew its position in AXOS FINANCIAL by 1,700.0% during the fourth quarter. NewEdge Advisors LLC now owns 900 shares of the company's stock worth $63,000 after buying an additional 850 shares in the last quarter. GAMMA Investing LLC grew its position in AXOS FINANCIAL by 39.2% during the first quarter. GAMMA Investing LLC now owns 1,834 shares of the company's stock worth $118,000 after buying an additional 516 shares in the last quarter. Palouse Capital Management Inc. grew its position in AXOS FINANCIAL by 37.2% during the first quarter. Palouse Capital Management Inc. now owns 2,649 shares of the company's stock worth $171,000 after buying an additional 718 shares in the last quarter. Finally, Bridgefront Capital LLC acquired a new stake in AXOS FINANCIAL during the fourth quarter worth about $201,000. 83.79% of the stock is owned by institutional investors and hedge funds.

AXOS FINANCIAL Trading Down 0.3%

Shares of AXOS FINANCIAL stock traded down $0.2210 on Wednesday, hitting $86.6390. 221,050 shares of the company's stock traded hands, compared to its average volume of 363,625. The firm's 50-day moving average price is $82.03 and its two-hundred day moving average price is $71.68. The stock has a market capitalization of $4.88 billion, a PE ratio of 11.61 and a beta of 1.32. AXOS FINANCIAL, INC has a one year low of $54.46 and a one year high of $89.49. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.09 and a quick ratio of 1.09.

AXOS FINANCIAL (NYSE:AX - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The company reported $1.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.82 by $0.12. The company had revenue of $321.45 million during the quarter, compared to analyst estimates of $311.73 million. AXOS FINANCIAL had a net margin of 22.24% and a return on equity of 17.11%. The firm's revenue was up 10.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.83 EPS. On average, research analysts expect that AXOS FINANCIAL, INC will post 7.22 EPS for the current fiscal year.

AXOS FINANCIAL announced that its Board of Directors has initiated a stock buyback program on Monday, May 12th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the company to repurchase up to 2.5% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's leadership believes its stock is undervalued.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Raymond James Financial reissued an "outperform" rating and set a $95.00 target price (up from $90.00) on shares of AXOS FINANCIAL in a research report on Thursday, July 31st. Wall Street Zen raised AXOS FINANCIAL from a "sell" rating to a "hold" rating in a report on Saturday, August 2nd. Keefe, Bruyette & Woods lifted their price objective on AXOS FINANCIAL from $90.00 to $94.00 and gave the company a "market perform" rating in a report on Thursday, July 31st. Jefferies Financial Group began coverage on AXOS FINANCIAL in a report on Wednesday, May 21st. They set a "buy" rating and a $90.00 price objective on the stock. Finally, DA Davidson lifted their price objective on AXOS FINANCIAL from $96.00 to $100.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $90.86.

Insider Transactions at AXOS FINANCIAL

In related news, EVP Andrew J. Micheletti sold 13,960 shares of the firm's stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $85.38, for a total value of $1,191,904.80. Following the completion of the sale, the executive vice president directly owned 67,460 shares in the company, valued at approximately $5,759,734.80. This trade represents a 17.15% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 5.07% of the company's stock.

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.