Assenagon Asset Management S.A. Has $3.52 Million Stock Position in Axos Financial, Inc. (NYSE:AX)

Assenagon Asset Management S.A. lowered its position in Axos Financial, Inc. (NYSE:AX - Free Report) by 61.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 54,619 shares of the company's stock after selling 86,385 shares during the quarter. Assenagon Asset Management S.A. owned 0.10% of Axos Financial worth $3,524,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of Axos Financial by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 6,129,602 shares of the company's stock valued at $428,153,000 after acquiring an additional 49,695 shares during the period. American Century Companies Inc. increased its holdings in Axos Financial by 9.6% in the 4th quarter. American Century Companies Inc. now owns 1,874,779 shares of the company's stock valued at $130,953,000 after purchasing an additional 163,952 shares in the last quarter. Geode Capital Management LLC raised its position in Axos Financial by 3.0% in the fourth quarter. Geode Capital Management LLC now owns 1,488,259 shares of the company's stock valued at $103,975,000 after purchasing an additional 43,503 shares during the period. Northern Trust Corp lifted its stake in shares of Axos Financial by 4.7% during the fourth quarter. Northern Trust Corp now owns 742,837 shares of the company's stock worth $51,887,000 after purchasing an additional 33,207 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its stake in shares of Axos Financial by 8.7% during the fourth quarter. Ameriprise Financial Inc. now owns 677,546 shares of the company's stock worth $47,330,000 after purchasing an additional 54,238 shares in the last quarter. Institutional investors and hedge funds own 83.79% of the company's stock.

Axos Financial Price Performance

AX traded up $0.28 during trading on Tuesday, reaching $70.41. The stock had a trading volume of 73,635 shares, compared to its average volume of 474,781. The stock has a 50 day moving average of $67.07 and a two-hundred day moving average of $68.50. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $3.97 billion, a price-to-earnings ratio of 9.46 and a beta of 1.29. Axos Financial, Inc. has a 1-year low of $51.81 and a 1-year high of $88.46.

Axos Financial (NYSE:AX - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The company reported $1.81 earnings per share for the quarter, beating the consensus estimate of $1.74 by $0.07. Axos Financial had a return on equity of 18.67% and a net margin of 22.10%. The business had revenue of $432.72 million during the quarter, compared to analyst estimates of $305.04 million. During the same quarter in the prior year, the firm posted $1.91 earnings per share. As a group, equities analysts anticipate that Axos Financial, Inc. will post 7.22 EPS for the current fiscal year.

Axos Financial announced that its Board of Directors has approved a stock repurchase plan on Monday, May 12th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the company to repurchase up to 2.5% of its shares through open market purchases. Shares buyback plans are usually an indication that the company's leadership believes its stock is undervalued.

Insider Buying and Selling at Axos Financial

In other Axos Financial news, Director Paul Grinberg sold 30,000 shares of the company's stock in a transaction on Monday, May 5th. The stock was sold at an average price of $68.09, for a total value of $2,042,700.00. Following the transaction, the director now owns 113,295 shares of the company's stock, valued at approximately $7,714,256.55. This represents a 20.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 5.07% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Needham & Company LLC reaffirmed a "buy" rating and issued a $88.00 price objective on shares of Axos Financial in a research report on Monday, June 9th. Raymond James restated an "outperform" rating and set a $72.00 price objective (down previously from $80.00) on shares of Axos Financial in a research note on Friday, May 2nd. Wall Street Zen downgraded shares of Axos Financial from a "hold" rating to a "sell" rating in a research report on Saturday. DA Davidson reduced their price objective on Axos Financial from $88.00 to $84.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. Finally, Jefferies Financial Group initiated coverage on shares of Axos Financial in a report on Wednesday, May 21st. They issued a "buy" rating and a $90.00 price objective on the stock. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, Axos Financial currently has a consensus rating of "Moderate Buy" and an average target price of $82.71.

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.