Deutsche Bank AG Buys 54,759 Shares of Axos Financial, Inc. (NYSE:AX)

Deutsche Bank AG grew its stake in Axos Financial, Inc. (NYSE:AX - Free Report) by 143.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 92,818 shares of the company's stock after buying an additional 54,759 shares during the quarter. Deutsche Bank AG owned 0.16% of Axos Financial worth $6,483,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in AX. Boston Partners acquired a new position in shares of Axos Financial in the fourth quarter valued at approximately $29,918,000. Raymond James Financial Inc. acquired a new position in shares of Axos Financial in the fourth quarter valued at approximately $16,464,000. American Century Companies Inc. boosted its holdings in shares of Axos Financial by 9.6% in the fourth quarter. American Century Companies Inc. now owns 1,874,779 shares of the company's stock valued at $130,953,000 after buying an additional 163,952 shares during the period. Epoch Investment Partners Inc. boosted its holdings in Axos Financial by 255.3% during the fourth quarter. Epoch Investment Partners Inc. now owns 199,662 shares of the company's stock worth $13,946,000 after purchasing an additional 143,474 shares during the last quarter. Finally, Assenagon Asset Management S.A. acquired a new position in Axos Financial during the fourth quarter worth $9,849,000. Institutional investors and hedge funds own 83.79% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Raymond James restated an "outperform" rating and set a $72.00 target price (down previously from $80.00) on shares of Axos Financial in a report on Friday, May 2nd. Piper Sandler reduced their target price on shares of Axos Financial from $84.00 to $80.00 and set an "overweight" rating for the company in a report on Thursday, May 1st. DA Davidson reduced their target price on shares of Axos Financial from $88.00 to $84.00 and set a "buy" rating for the company in a report on Thursday, May 1st. Keefe, Bruyette & Woods reduced their target price on shares of Axos Financial from $91.00 to $90.00 and set a "market perform" rating for the company in a report on Wednesday, January 29th. Finally, Needham & Company LLC restated a "buy" rating and set a $88.00 target price on shares of Axos Financial in a report on Thursday, May 1st. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $82.71.

Insiders Place Their Bets

In related news, Director Sara Wardell-Smith acquired 3,000 shares of the company's stock in a transaction dated Tuesday, March 4th. The shares were bought at an average cost of $64.73 per share, with a total value of $194,190.00. Following the completion of the transaction, the director now directly owns 10,250 shares of the company's stock, valued at $663,482.50. This trade represents a 41.38% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Paul Grinberg sold 30,000 shares of the stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $68.09, for a total transaction of $2,042,700.00. Following the completion of the transaction, the director now directly owns 113,295 shares in the company, valued at $7,714,256.55. The trade was a 20.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 5.07% of the company's stock.

Axos Financial Stock Performance

NYSE AX traded down $0.13 on Friday, hitting $69.54. 267,513 shares of the stock were exchanged, compared to its average volume of 517,090. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.09 and a quick ratio of 1.09. The business's fifty day moving average is $64.42 and its 200 day moving average is $69.94. Axos Financial, Inc. has a 52 week low of $44.10 and a 52 week high of $88.46. The company has a market capitalization of $3.92 billion, a PE ratio of 9.35 and a beta of 1.25.

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

Axos Financial declared that its Board of Directors has authorized a stock buyback plan on Monday, May 12th that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the company to purchase up to 2.5% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company's board of directors believes its shares are undervalued.

About Axos Financial

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.