American Century Companies Inc. Purchases 35,391 Shares of Axos Financial, Inc $AX

American Century Companies Inc. increased its position in shares of Axos Financial, Inc (NYSE:AX) by 1.5% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,413,512 shares of the company’s stock after purchasing an additional 35,391 shares during the quarter. American Century Companies Inc. owned approximately 4.26% of Axos Financial worth $204,304,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in AX. Horizon Investment Services LLC raised its holdings in shares of Axos Financial by 297.1% in the third quarter. Horizon Investment Services LLC now owns 14,586 shares of the company’s stock valued at $1,235,000 after buying an additional 10,913 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position in Axos Financial by 62.4% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 257,843 shares of the company’s stock valued at $21,538,000 after acquiring an additional 99,042 shares in the last quarter. Argent Capital Management LLC increased its position in Axos Financial by 36.7% in the 3rd quarter. Argent Capital Management LLC now owns 53,690 shares of the company’s stock valued at $4,545,000 after acquiring an additional 14,415 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in shares of Axos Financial by 281.8% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 40,419 shares of the company’s stock worth $3,386,000 after acquiring an additional 29,833 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its position in shares of Axos Financial by 26.1% during the second quarter. Envestnet Asset Management Inc. now owns 63,533 shares of the company’s stock worth $4,831,000 after purchasing an additional 13,131 shares in the last quarter. 83.79% of the stock is owned by institutional investors.

Axos Financial Stock Performance

Shares of AX stock opened at $86.61 on Friday. The stock has a market cap of $4.91 billion, a PE ratio of 10.98 and a beta of 1.27. The stock has a 50-day moving average of $93.30 and a 200-day moving average of $87.63. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.08 and a quick ratio of 1.08. Axos Financial, Inc has a one year low of $54.46 and a one year high of $101.92.

Axos Financial (NYSE:AX) last issued its quarterly earnings data on Thursday, January 29th. The company reported $2.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.07 by $0.18. Axos Financial had a net margin of 22.66% and a return on equity of 16.98%. The firm had revenue of $385.09 million during the quarter, compared to analysts’ expectations of $345.89 million. During the same quarter in the previous year, the company earned $1.82 earnings per share. The business’s revenue for the quarter was up 25.1% on a year-over-year basis. As a group, sell-side analysts expect that Axos Financial, Inc will post 7.22 earnings per share for the current year.

Insider Activity at Axos Financial

In other Axos Financial news, Director Edward James Ratinoff sold 2,145 shares of Axos Financial stock in a transaction dated Friday, December 5th. The stock was sold at an average price of $84.59, for a total transaction of $181,445.55. Following the transaction, the director directly owned 46,209 shares in the company, valued at approximately $3,908,819.31. The trade was a 4.44% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Derrick Walsh sold 4,846 shares of the business’s stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $101.21, for a total value of $490,463.66. Following the completion of the transaction, the executive vice president directly owned 37,936 shares of the company’s stock, valued at approximately $3,839,502.56. The trade was a 11.33% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 63,593 shares of company stock valued at $6,274,883. 4.85% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on AX. Weiss Ratings reissued a “buy (b)” rating on shares of Axos Financial in a report on Monday, December 29th. Needham & Company LLC reiterated a “buy” rating and issued a $110.00 price objective on shares of Axos Financial in a research report on Friday, February 13th. Zacks Research upgraded Axos Financial from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 2nd. Jefferies Financial Group upped their price target on Axos Financial from $110.00 to $115.00 and gave the company a “buy” rating in a research note on Friday, January 30th. Finally, Keefe, Bruyette & Woods raised their price target on Axos Financial from $100.00 to $110.00 and gave the company a “market perform” rating in a report on Friday, January 30th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, Axos Financial presently has a consensus rating of “Buy” and a consensus target price of $104.50.

Axos Financial Company Profile

Axos Financial, Inc (NYSE: AX) is a diversified online banking and financial services holding company headquartered in San Diego, California. The firm traces its origins to 1999 with the launch of Bank of Internet USA and rebranded as Axos Financial in December 2018 to reflect an expanded suite of digital offerings. Axos Financial operates through its wholly owned subsidiary, Axos Bank, providing a technology-driven banking platform that serves both retail and commercial clients across the United States.

Through its digital banking platform, Axos Financial delivers a range of deposit products, including checking and savings accounts, money market and certificate of deposit accounts, as well as individual retirement accounts.