Scout Investments Inc. increased its stake in Axos Financial, Inc. (NYSE:AX – Get Rating) by 21.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 213,626 shares of the company's stock after acquiring an additional 37,288 shares during the period. Scout Investments Inc. owned approximately 0.36% of Axos Financial worth $7,658,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in AX. Exane Derivatives bought a new stake in Axos Financial during the first quarter worth approximately $32,000. Steward Partners Investment Advisory LLC boosted its holdings in Axos Financial by 605.0% during the first quarter. Steward Partners Investment Advisory LLC now owns 839 shares of the company's stock worth $39,000 after buying an additional 720 shares in the last quarter. SG Americas Securities LLC boosted its holdings in Axos Financial by 79.5% during the first quarter. SG Americas Securities LLC now owns 3,336 shares of the company's stock worth $155,000 after buying an additional 1,478 shares in the last quarter. Captrust Financial Advisors boosted its holdings in Axos Financial by 66.2% during the first quarter. Captrust Financial Advisors now owns 3,458 shares of the company's stock worth $160,000 after buying an additional 1,377 shares in the last quarter. Finally, Point72 Hong Kong Ltd bought a new stake in Axos Financial during the fourth quarter worth approximately $178,000. 77.84% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, EVP Thomas M. Constantine sold 1,554 shares of the firm's stock in a transaction on Thursday, August 25th. The shares were sold at an average price of $44.12, for a total transaction of $68,562.48. Following the transaction, the executive vice president now owns 10,123 shares in the company, valued at approximately $446,626.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Thomas M. Constantine sold 1,554 shares of the firm's stock in a transaction on Thursday, August 25th. The shares were sold at an average price of $44.12, for a total transaction of $68,562.48. Following the transaction, the executive vice president now owns 10,123 shares in the company, valued at approximately $446,626.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Andrew J. Micheletti sold 10,000 shares of the firm's stock in a transaction on Tuesday, August 16th. The shares were sold at an average price of $47.52, for a total transaction of $475,200.00. Following the transaction, the executive vice president now owns 516,689 shares in the company, valued at approximately $24,553,061.28. The disclosure for this sale can be found here. Insiders sold a total of 18,870 shares of company stock worth $851,807 in the last quarter. 4.73% of the stock is currently owned by corporate insiders.

Axos Financial Stock Down 5.3 %

Axos Financial (NYSE:AX – Get Rating) last released its earnings results on Thursday, August 4th. The company reported $1.12 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.02 by $0.10. Axos Financial had a net margin of 31.14% and a return on equity of 16.53%. The company had revenue of $192.51 million during the quarter, compared to the consensus estimate of $180.82 million. On average, research analysts anticipate that Axos Financial, Inc. will post 4.51 EPS for the current year.

Wall Street Analysts Forecast Growth

AX has been the subject of a number of recent analyst reports. B. Riley decreased their price objective on shares of Axos Financial from $58.00 to $49.00 in a research note on Monday, July 11th. Wedbush lowered shares of Axos Financial from an "outperform" rating to a "neutral" rating and set a $40.00 price objective for the company. in a research note on Thursday, June 30th. Keefe, Bruyette & Woods raised shares of Axos Financial from a "market perform" rating to an "outperform" rating and raised their price objective for the stock from $52.00 to $56.00 in a research note on Monday, July 11th. Finally, DA Davidson raised their price objective on shares of Axos Financial to $53.00 in a research note on Tuesday, August 9th. Two investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Axos Financial presently has an average rating of "Moderate Buy" and a consensus target price of $51.33.

About Axos Financial

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Axos Financial, Inc, together with its subsidiaries, provides consumer and business banking products in the United States. It operates through Banking Business and Securities Business segments. The company offers deposits products, including consumer and business checking, demand, savings, time deposit, money market, zero balance, and insured cash sweep accounts.

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