Deutsche Bank AG Has $6.48 Million Stock Holdings in Axos Financial, Inc. (NYSE:AX)

Deutsche Bank AG raised its holdings in Axos Financial, Inc. (NYSE:AX - Free Report) by 143.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 92,818 shares of the company's stock after acquiring an additional 54,759 shares during the quarter. Deutsche Bank AG owned 0.16% of Axos Financial worth $6,483,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in AX. Illinois Municipal Retirement Fund lifted its holdings in shares of Axos Financial by 0.7% in the fourth quarter. Illinois Municipal Retirement Fund now owns 29,916 shares of the company's stock valued at $2,090,000 after purchasing an additional 196 shares in the last quarter. Versor Investments LP boosted its position in Axos Financial by 5.3% during the 4th quarter. Versor Investments LP now owns 4,000 shares of the company's stock worth $279,000 after acquiring an additional 200 shares during the period. Stifel Financial Corp grew its stake in Axos Financial by 3.4% during the 4th quarter. Stifel Financial Corp now owns 7,310 shares of the company's stock valued at $511,000 after acquiring an additional 241 shares in the last quarter. Summit Investment Advisors Inc. increased its holdings in shares of Axos Financial by 4.6% in the 4th quarter. Summit Investment Advisors Inc. now owns 5,717 shares of the company's stock valued at $399,000 after purchasing an additional 254 shares during the period. Finally, Y Intercept Hong Kong Ltd increased its holdings in shares of Axos Financial by 2.0% in the 4th quarter. Y Intercept Hong Kong Ltd now owns 13,567 shares of the company's stock valued at $948,000 after purchasing an additional 266 shares during the period. Institutional investors own 83.79% of the company's stock.

Analyst Ratings Changes

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

Axos Financial Stock Performance

NYSE:AX traded down $2.52 during midday trading on Wednesday, reaching $69.39. The stock had a trading volume of 340,543 shares, compared to its average volume of 519,465. The stock has a market capitalization of $3.91 billion, a P/E ratio of 9.33 and a beta of 1.25. Axos Financial, Inc. has a 1-year low of $44.10 and a 1-year high of $88.46. 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 firm's fifty day simple moving average is $64.07 and its 200-day simple moving average is $69.90.

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

Axos Financial announced that its board has authorized a share buyback program on Monday, May 12th that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the company to reacquire up to 2.5% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's board of directors believes its shares are undervalued.

Insider Buying and Selling at Axos Financial

In other news, Director Sara Wardell-Smith purchased 3,000 shares of the business's stock in a transaction on Tuesday, March 4th. The stock was purchased at an average price of $64.73 per share, with a total value of $194,190.00. Following the acquisition, the director now directly owns 10,250 shares in the company, valued at approximately $663,482.50. The trade was a 41.38% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Paul Grinberg sold 30,000 shares of Axos Financial stock in a transaction that occurred 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 sale, 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 position. The disclosure for this sale can be found here. 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.