B. Metzler seel. Sohn & Co. Holding AG Purchases New Position in Axos Financial, Inc. (NYSE:AX)

B. Metzler seel. Sohn & Co. Holding AG purchased a new position in Axos Financial, Inc. (NYSE:AX) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 26,095 shares of the company’s stock, valued at approximately $1,641,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in AX. American Century Companies Inc. grew its position in Axos Financial by 26.2% in the second quarter. American Century Companies Inc. now owns 1,549,748 shares of the company’s stock worth $88,568,000 after acquiring an additional 321,494 shares in the last quarter. Millennium Management LLC boosted its position in shares of Axos Financial by 107.9% during the second quarter. Millennium Management LLC now owns 367,251 shares of the company’s stock valued at $20,988,000 after buying an additional 190,584 shares during the period. Epoch Investment Partners Inc. purchased a new position in shares of Axos Financial during the first quarter valued at approximately $7,829,000. Renaissance Technologies LLC purchased a new position in shares of Axos Financial during the second quarter valued at approximately $5,077,000. Finally, Principal Financial Group Inc. boosted its position in shares of Axos Financial by 27.9% during the third quarter. Principal Financial Group Inc. now owns 320,717 shares of the company’s stock valued at $20,167,000 after buying an additional 70,017 shares during the period. Hedge funds and other institutional investors own 83.79% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Andrew J. Micheletti sold 5,197 shares of the business’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $63.13, for a total transaction of $328,086.61. Following the sale, the executive vice president now directly owns 424,149 shares of the company’s stock, valued at $26,776,526.37. The trade was a 1.21 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Edward James Ratinoff sold 4,002 shares of the business’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $79.41, for a total transaction of $317,798.82. Following the sale, the director now directly owns 46,209 shares in the company, valued at $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. Over the last three months, insiders have sold 134,199 shares of company stock valued at $10,882,135. 5.07% of the stock is currently owned by insiders.

Axos Financial Stock Performance

Shares of NYSE:AX opened at $84.66 on Friday. The firm has a 50 day moving average of $68.47 and a 200 day moving average of $64.08. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.17. Axos Financial, Inc. has a 52 week low of $36.93 and a 52 week high of $85.54. The company has a market capitalization of $4.83 billion, a price-to-earnings ratio of 10.25 and a beta of 1.38.

Axos Financial (NYSE:AX) last released its quarterly earnings results 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 for the quarter, compared to analyst estimates of $299.59 million. During the same period in the previous year, the company earned $1.41 earnings per share. On average, sell-side analysts predict that Axos Financial, Inc. will post 7.02 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

AX has been the subject of several recent analyst reports. Needham & Company LLC boosted their target price on Axos Financial from $82.00 to $85.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. StockNews.com downgraded shares of Axos Financial from a “hold” rating to a “sell” rating in a research note on Wednesday, November 13th. Wedbush decreased their price target on shares of Axos Financial from $80.00 to $75.00 and set a “neutral” rating for the company in a research note on Tuesday, September 24th. Piper Sandler lifted their price target on shares of Axos Financial from $68.00 to $84.00 and gave the company an “overweight” rating in a research note on Wednesday, July 31st. Finally, Keefe, Bruyette & Woods lifted their price target on shares of Axos Financial from $72.00 to $74.00 and gave the company a “market perform” rating in a research note on Friday, November 1st. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $79.80.

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.