141,004 Shares in Axos Financial, Inc. (NYSE:AX) Bought by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. bought a new stake in Axos Financial, Inc. (NYSE:AX) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 141,004 shares of the company’s stock, valued at approximately $9,849,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Hancock Whitney Corp boosted its position in shares of Axos Financial by 1.3% during the third quarter. Hancock Whitney Corp now owns 10,931 shares of the company’s stock worth $687,000 after purchasing an additional 142 shares in the last quarter. Crossmark Global Holdings Inc. raised its stake in Axos Financial by 4.4% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 3,836 shares of the company’s stock worth $241,000 after buying an additional 162 shares during the period. Mercer Global Advisors Inc. ADV lifted its holdings in Axos Financial by 5.3% during the second quarter. Mercer Global Advisors Inc. ADV now owns 5,291 shares of the company’s stock worth $302,000 after acquiring an additional 266 shares in the last quarter. GAMMA Investing LLC grew its stake in Axos Financial by 45.7% in the third quarter. GAMMA Investing LLC now owns 982 shares of the company’s stock valued at $62,000 after acquiring an additional 308 shares during the period. Finally, Amalgamated Bank increased its holdings in shares of Axos Financial by 2.1% in the third quarter. Amalgamated Bank now owns 15,956 shares of the company’s stock worth $1,003,000 after acquiring an additional 322 shares in the last quarter. Institutional investors own 83.79% of the company’s stock.

Axos Financial Trading Up 1.5 %

NYSE AX opened at $72.03 on Friday. Axos Financial, Inc. has a 52 week low of $44.10 and a 52 week high of $88.46. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.08 and a current ratio of 1.08. The stock’s 50 day moving average price is $76.30 and its two-hundred day moving average price is $69.58. The stock has a market capitalization of $4.11 billion, a price-to-earnings ratio of 8.72 and a beta of 1.46.

Axos Financial (NYSE:AX) last announced its earnings results on Wednesday, October 30th. The company reported $1.96 EPS for the quarter, topping the consensus estimate of $1.80 by $0.16. The business had revenue of $512.87 million during the quarter, compared to analysts’ expectations of $299.59 million. Axos Financial had a net margin of 24.07% and a return on equity of 18.99%. During the same quarter in the prior year, the company posted $1.41 earnings per share. As a group, analysts anticipate that Axos Financial, Inc. will post 7.07 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. StockNews.com upgraded Axos Financial from a “sell” rating to a “hold” rating in a report on Monday, December 9th. Keefe, Bruyette & Woods lifted their price target on shares of Axos Financial from $74.00 to $91.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. Needham & Company LLC reiterated a “buy” rating and issued a $85.00 price target on shares of Axos Financial in a report on Thursday, January 9th. Finally, Wedbush dropped their price objective on shares of Axos Financial from $80.00 to $75.00 and set a “neutral” rating on the stock in a report on Tuesday, September 24th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $83.20.

Insider Transactions at Axos Financial

In other news, Director Edward James Ratinoff sold 4,002 shares of the business’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $79.41, for a total transaction of $317,798.82. Following the transaction, the director now directly owns 46,209 shares in the company, valued at $3,669,456.69. The trade was a 7.97 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Gregory Garrabrants sold 125,000 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $81.89, for a total transaction of $10,236,250.00. Following the completion of the sale, the chief executive officer now owns 1,340,377 shares of the company’s stock, valued at $109,763,472.53. This trade represents a 8.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 5.07% of the company’s stock.

Axos Financial Company 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.