Deutsche Bank AG Sells 5,065 Shares of 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 decreased its position in Axos Financial, Inc (NYSE:AX - Free Report) by 5.5% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 87,753 shares of the company's stock after selling 5,065 shares during the period. Deutsche Bank AG owned approximately 0.16% of Axos Financial worth $5,662,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Northern Trust Corp grew its holdings in shares of Axos Financial by 4.7% in the 4th quarter. Northern Trust Corp now owns 742,837 shares of the company's stock valued at $51,887,000 after buying an additional 33,207 shares during the period. Ameriprise Financial Inc. raised its holdings in shares of Axos Financial by 8.7% in the 4th quarter. Ameriprise Financial Inc. now owns 677,546 shares of the company's stock valued at $47,330,000 after purchasing an additional 54,238 shares during the period. Emerald Advisers LLC raised its holdings in Axos Financial by 11.4% in the 1st quarter. Emerald Advisers LLC now owns 533,586 shares of the company's stock valued at $34,427,000 after acquiring an additional 54,466 shares during the period. Principal Financial Group Inc. raised its holdings in Axos Financial by 2.9% in the 1st quarter. Principal Financial Group Inc. now owns 347,799 shares of the company's stock valued at $22,440,000 after acquiring an additional 9,881 shares during the period. Finally, Stieven Capital Advisors L.P. raised its holdings in Axos Financial by 20.4% in the 1st quarter. Stieven Capital Advisors L.P. now owns 283,759 shares of the company's stock valued at $18,308,000 after acquiring an additional 48,100 shares during the period. Institutional investors and hedge funds own 83.79% of the company's stock.

Axos Financial Trading Down 0.5%

Shares of AX stock traded down $0.4550 during mid-day trading on Wednesday, hitting $86.4050. The company's stock had a trading volume of 49,100 shares, compared to its average volume of 388,834. Axos Financial, Inc has a 52 week low of $54.46 and a 52 week high of $89.49. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.09 and a current ratio of 1.09. The company has a market cap of $4.87 billion, a PE ratio of 11.58 and a beta of 1.32. The company's fifty day simple moving average is $81.74 and its 200-day simple moving average is $71.58.

Axos Financial (NYSE:AX - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $1.94 earnings per share for the quarter, beating the consensus estimate of $1.82 by $0.12. Axos Financial had a net margin of 22.24% and a return on equity of 17.11%. The firm had revenue of $321.45 million for the quarter, compared to analyst estimates of $311.73 million. During the same quarter in the prior year, the business earned $1.83 earnings per share. The business's quarterly revenue was up 10.5% compared to the same quarter last year. As a group, equities research analysts expect that Axos Financial, Inc will post 7.22 earnings per share for the current fiscal year.

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

Analyst Ratings Changes

A number of research analysts have issued reports on AX shares. Jefferies Financial Group started coverage on shares of Axos Financial in a research report on Wednesday, May 21st. They set a "buy" rating and a $90.00 target price on the stock. Needham & Company LLC increased their price target on shares of Axos Financial from $92.00 to $102.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. Piper Sandler cut their target price on shares of Axos Financial from $84.00 to $80.00 and set an "overweight" rating on the stock in a research report on Thursday, May 1st. Keefe, Bruyette & Woods raised their target price on shares of Axos Financial from $90.00 to $94.00 and gave the company a "market perform" rating in a research report on Thursday, July 31st. Finally, DA Davidson raised their target price on shares of Axos Financial from $96.00 to $100.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $90.86.

Insider Buying and Selling at Axos Financial

In other news, EVP Andrew J. Micheletti sold 13,960 shares of the company's stock in a transaction dated 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 transaction, the executive vice president owned 67,460 shares in the company, valued at approximately $5,759,734.80. This represents a 17.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 5.07% of the company's stock.

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.