Deutsche Bank AG Has $5.66 Million Stake in AXOS FINANCIAL, INC $AX

Key Points

• Deutsche Bank AG reduced its stake in Axos Financial, Inc by 5.5%, selling 5,065 shares and now owning approximately 0.16% of the company worth $5.66 million, according to its latest SEC filing.
• Various institutional investors modified their holdings in Axos Financial, with notable increases from Northern Trust Corp (4.7%) and Ameriprise Financial Inc. (8.7%) during the fourth quarter.
• Axos Financial recently reported a quarterly EPS of $1.94, exceeding estimates, and announced a $100 million stock repurchase program to buy back 2.5% of its shares, indicating potential undervaluation.

Deutsche Bank AG trimmed its position in shares of AXOS FINANCIAL, INC (NYSE:AX - Free Report) by 5.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 87,753 shares of the company's stock after selling 5,065 shares during the quarter. Deutsche Bank AG owned approximately 0.16% of AXOS FINANCIAL worth $5,662,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in AX. Raymond James Financial Inc. bought a new stake in AXOS FINANCIAL during the fourth quarter worth about $16,464,000. Epoch Investment Partners Inc. grew its stake 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 buying an additional 143,474 shares during the last quarter. GAMMA Investing LLC grew its stake in AXOS FINANCIAL by 8,878.0% during the first quarter. GAMMA Investing LLC now owns 118,330 shares of the company's stock worth $7,635,000 after buying an additional 117,012 shares during the last quarter. Hsbc Holdings PLC grew its stake in AXOS FINANCIAL by 1,619.2% during the fourth quarter. Hsbc Holdings PLC now owns 117,940 shares of the company's stock worth $8,269,000 after buying an additional 111,080 shares during the last quarter. Finally, First Trust Advisors LP grew its stake in AXOS FINANCIAL by 143.0% during the fourth quarter. First Trust Advisors LP now owns 139,114 shares of the company's stock worth $9,717,000 after buying an additional 81,861 shares during the last quarter. 83.79% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, EVP Andrew J. Micheletti sold 13,960 shares of the firm's stock in a transaction on Monday, August 4th. The shares were sold at an average price of $85.38, for a total transaction of $1,191,904.80. Following the sale, the executive vice president directly owned 67,460 shares in the company, valued at $5,759,734.80. This trade represents a 17.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 5.07% of the company's stock.

AXOS FINANCIAL Trading Down 0.9%

AX traded down $0.8080 during mid-day trading on Thursday, hitting $85.7920. The stock had a trading volume of 258,228 shares, compared to its average volume of 360,981. The stock's fifty day simple moving average is $82.30 and its 200-day simple moving average is $71.80. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.09 and a quick ratio of 1.09. The firm has a market capitalization of $4.84 billion, a price-to-earnings ratio of 11.50 and a beta of 1.32. AXOS FINANCIAL, INC has a 1-year low of $54.46 and a 1-year high of $89.49.

AXOS FINANCIAL (NYSE:AX - Get Free Report) last posted its earnings results on Wednesday, July 30th. The company reported $1.94 earnings per share for the quarter, topping the consensus estimate of $1.82 by $0.12. The company had revenue of $321.45 million for the quarter, compared to analyst estimates of $311.73 million. AXOS FINANCIAL had a net margin of 22.24% and a return on equity of 17.11%. The business's revenue for the quarter was up 10.5% compared to the same quarter last year. During the same period last year, the business posted $1.83 earnings per share. As a group, research analysts forecast 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 share repurchase program on Monday, May 12th that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the company to purchase up to 2.5% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's leadership believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several research firms have recently commented on AX. DA Davidson increased their price target on shares of AXOS FINANCIAL from $96.00 to $100.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Needham & Company LLC increased their price objective on shares of AXOS FINANCIAL from $92.00 to $102.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Piper Sandler cut their price objective on shares of AXOS FINANCIAL from $84.00 to $80.00 and set an "overweight" rating on the stock in a report on Thursday, May 1st. Keefe, Bruyette & Woods increased their price objective on shares of AXOS FINANCIAL from $90.00 to $94.00 and gave the company a "market perform" rating in a report on Thursday, July 31st. Finally, Raymond James Financial restated an "outperform" rating and issued a $95.00 price objective (up from $90.00) on shares of AXOS FINANCIAL in a report on Thursday, July 31st. Five research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $90.86.

AXOS FINANCIAL 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.