12,628 Shares in Axos Financial, Inc $AX Bought by B. Metzler seel. Sohn & Co. AG

Key Points

• B. Metzler seel. Sohn & Co. AG purchased 12,628 Axos Financial shares worth approximately $1.23 million in the second quarter, joining other institutions that have increased their positions. Institutional investors own 83.79% of the company.
• Axos Financial shares opened at $96.62, with a market capitalization of $5.50 billion and a 52-week range of $74.89 to $105.74. Director Roque A. Santi separately sold 500 shares for $52,650.
• Analysts remain broadly positive, with the stock carrying a consensus “Moderate Buy” rating and an average price target of $115.67; recent target increases include Needham’s move to $128 and Benchmark’s move to $120.

B. Metzler seel. Sohn & Co. AG purchased a new position in Axos Financial, Inc (NYSE:AX - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 12,628 shares of the company's stock, valued at approximately $1,230,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Kennedy Capital Management LLC grew its position in Axos Financial by 12.3% in the 4th quarter. Kennedy Capital Management LLC now owns 308,935 shares of the company's stock valued at $26,618,000 after purchasing an additional 33,854 shares during the period. Jackson Creek Investment Advisors LLC raised its holdings in shares of Axos Financial by 714.0% in the 4th quarter. Jackson Creek Investment Advisors LLC now owns 20,725 shares of the company's stock worth $1,786,000 after acquiring an additional 18,179 shares during the last quarter. Principal Financial Group Inc. raised its holdings in shares of Axos Financial by 4.9% in the 1st quarter. Principal Financial Group Inc. now owns 353,951 shares of the company's stock worth $30,118,000 after acquiring an additional 16,627 shares during the last quarter. Geode Capital Management LLC lifted its position in Axos Financial by 3.6% in the 4th quarter. Geode Capital Management LLC now owns 1,775,539 shares of the company's stock valued at $154,687,000 after acquiring an additional 62,269 shares in the last quarter. Finally, Stieven Capital Advisors L.P. lifted its position in Axos Financial by 8.0% in the 4th quarter. Stieven Capital Advisors L.P. now owns 255,859 shares of the company's stock valued at $22,045,000 after acquiring an additional 18,900 shares in the last quarter. 83.79% of the stock is owned by institutional investors.

Insider Transactions at Axos Financial

In other Axos Financial news, Director Roque A. Santi sold 500 shares of the company's stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $105.30, for a total transaction of $52,650.00. Following the sale, the director directly owned 7,146 shares of the company's stock, valued at $752,473.80. This represents a 6.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 4.85% of the company's stock.

Axos Financial Price Performance

Shares of NYSE AX opened at $96.62 on Monday. The firm has a market cap of $5.50 billion, a price-to-earnings ratio of 11.41 and a beta of 1.22. The stock has a fifty day simple moving average of $97.18 and a two-hundred day simple moving average of $92.48. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.35. Axos Financial, Inc has a 1-year low of $74.89 and a 1-year high of $105.74.

Analyst Ratings Changes

Several research analysts recently issued reports on AX shares. Needham & Company LLC lifted their target price on Axos Financial from $110.00 to $128.00 and gave the company a "buy" rating in a research report on Friday, July 31st. Benchmark lifted their price objective on shares of Axos Financial from $115.00 to $120.00 and gave the stock a "buy" rating in a report on Thursday, August 13th. Weiss Ratings upgraded shares of Axos Financial from a "buy (b-)" rating to a "buy (b)" rating in a research note on Wednesday, July 1st. Keefe, Bruyette & Woods upped their price objective on shares of Axos Financial from $105.00 to $110.00 and gave the stock a "market perform" rating in a research report on Friday, July 31st. Finally, DA Davidson set a $121.00 target price on Axos Financial in a report on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $115.67.

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.

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