Assenagon Asset Management S.A. Sells 1,401 Shares of Axos Financial, Inc $AX

Assenagon Asset Management S.A. cut its stake in shares of Axos Financial, Inc (NYSE:AX) by 2.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 53,218 shares of the company’s stock after selling 1,401 shares during the quarter. Assenagon Asset Management S.A. owned 0.09% of Axos Financial worth $4,047,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. American Century Companies Inc. lifted its holdings in shares of Axos Financial by 14.7% during the 1st quarter. American Century Companies Inc. now owns 2,151,229 shares of the company’s stock worth $138,797,000 after acquiring an additional 276,450 shares during the last quarter. Ameriprise Financial Inc. raised its position in Axos Financial by 0.6% during the first quarter. Ameriprise Financial Inc. now owns 681,878 shares of the company’s stock valued at $43,994,000 after purchasing an additional 4,332 shares in the last quarter. Nuveen LLC bought a new stake in Axos Financial during the first quarter worth about $35,240,000. Emerald Advisers LLC lifted its stake in Axos Financial by 11.4% during the first quarter. Emerald Advisers LLC now owns 533,586 shares of the company’s stock worth $34,427,000 after purchasing an additional 54,466 shares during the last quarter. Finally, Boston Partners boosted its holdings in shares of Axos Financial by 18.2% in the 1st quarter. Boston Partners now owns 504,815 shares of the company’s stock worth $31,191,000 after purchasing an additional 77,730 shares in the last quarter. Institutional investors own 83.79% of the company’s stock.

Axos Financial Stock Down 1.0%

Shares of Axos Financial stock opened at $87.56 on Thursday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.09 and a current ratio of 1.09. Axos Financial, Inc has a 52-week low of $54.46 and a 52-week high of $93.84. The company’s 50 day moving average price is $88.11 and its 200-day moving average price is $75.44. The stock has a market capitalization of $4.95 billion, a price-to-earnings ratio of 11.74 and a beta of 1.32.

Axos Financial (NYSE:AX) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $1.94 EPS for the quarter, beating analysts’ consensus estimates 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% compared to the same quarter last year. During the same period in the prior year, the business posted $1.83 EPS. Equities research analysts forecast that Axos Financial, Inc will post 7.22 EPS for the current year.

Wall Street Analysts Forecast Growth

AX has been the topic of a number of research reports. Keefe, Bruyette & Woods raised 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. Needham & Company LLC increased their price target on shares of Axos Financial from $92.00 to $102.00 and gave the company a “buy” rating in a research report on Thursday, July 31st. Raymond James Financial restated an “outperform” rating and issued a $100.00 price objective (up from $95.00) on shares of Axos Financial in a report on Tuesday. Wall Street Zen raised shares of Axos Financial from a “sell” rating to a “hold” rating in a research note on Saturday, August 2nd. Finally, DA Davidson lifted their target price on shares of Axos Financial from $100.00 to $106.00 and gave the stock a “buy” rating in a research report on Wednesday. Five analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Axos Financial has an average rating of “Moderate Buy” and an average target price of $95.33.

Insider Transactions at Axos Financial

In other Axos Financial news, EVP Candace L. Thiele sold 700 shares of the company’s stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $90.14, for a total transaction of $63,098.00. Following the completion of the transaction, the executive vice president owned 23 shares of the company’s stock, valued at $2,073.22. This represents a 96.82% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Andrew J. Micheletti sold 13,960 shares of Axos Financial stock in a transaction that occurred on Monday, August 4th. The stock was 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 owned 67,460 shares in the company, valued at approximately $5,759,734.80. This represents a 17.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate 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.