Deutsche Bank AG Takes Position in Axos Financial, Inc $AX

Key Points

• Deutsche Bank initiated a position in Axos Financial, purchasing 57,785 shares valued at approximately $5.6 million, or 0.10% of the company. Institutional investors collectively own 83.79% of the stock.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $115.67, above the reported share price of $96.88.
• Axos Financial exceeded quarterly expectations, reporting $2.53 in earnings per share versus the $2.16 consensus estimate and revenue of $379.77 million. Net margin was 22.39%, while analysts expect $9.59 in EPS for the current fiscal year.

Deutsche Bank AG purchased a new stake in shares of Axos Financial, Inc (NYSE:AX - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 57,785 shares of the company's stock, valued at approximately $5,628,000. Deutsche Bank AG owned 0.10% of Axos Financial at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. State Street Corp grew its holdings in shares of Axos Financial by 0.5% during the 4th quarter. State Street Corp now owns 2,696,323 shares of the company's stock worth $232,315,000 after acquiring an additional 13,669 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Axos Financial by 0.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,177,003 shares of the company's stock valued at $185,234,000 after purchasing an additional 7,509 shares during the period. Geode Capital Management LLC boosted its position in shares of Axos Financial by 3.6% during the fourth quarter. Geode Capital Management LLC now owns 1,775,539 shares of the company's stock valued at $154,687,000 after purchasing an additional 62,269 shares in the last quarter. Ameriprise Financial Inc. boosted its position in shares of Axos Financial by 8.6% during the second quarter. Ameriprise Financial Inc. now owns 740,652 shares of the company's stock valued at $56,319,000 after purchasing an additional 58,774 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Axos Financial by 7.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 721,572 shares of the company's stock valued at $62,171,000 after purchasing an additional 52,250 shares in the last quarter. 83.79% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Keefe, Bruyette & Woods increased their price objective on Axos Financial from $105.00 to $110.00 and gave the stock a "market perform" rating in a report on Friday, July 31st. Weiss Ratings raised Axos Financial from a "buy (b-)" rating to a "buy (b)" rating in a research report on Wednesday, July 1st. DA Davidson set a $121.00 target price on shares of Axos Financial in a report on Friday, July 31st. Needham & Company LLC upped their target price on shares of Axos Financial from $110.00 to $128.00 and gave the stock a "buy" rating in a research report on Friday, July 31st. Finally, Benchmark increased their price target on shares of Axos Financial from $115.00 to $120.00 and gave the stock a "buy" rating in a research note on Thursday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $115.67.

Axos Financial Stock Up 0.2%

Shares of Axos Financial stock opened at $96.88 on Tuesday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.07 and a current ratio of 1.07. The stock has a market capitalization of $5.50 billion, a PE ratio of 11.44 and a beta of 1.22. Axos Financial, Inc has a 52-week low of $74.89 and a 52-week high of $105.74. The company has a 50-day simple moving average of $97.33 and a two-hundred day simple moving average of $92.47.

Axos Financial (NYSE:AX - Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The company reported $2.53 EPS for the quarter, beating analysts' consensus estimates of $2.16 by $0.37. The firm had revenue of $379.77 million for the quarter, compared to analysts' expectations of $375.54 million. Axos Financial had a net margin of 22.39% and a return on equity of 16.96%. During the same quarter in the prior year, the company posted $1.94 earnings per share. On average, analysts anticipate that Axos Financial, Inc will post 9.59 EPS for the current fiscal year.

Insider Transactions at Axos Financial

In related news, Director Roque A. Santi sold 500 shares of the company's stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $105.30, for a total value of $52,650.00. Following the transaction, the director directly owned 7,146 shares of the company's stock, valued at approximately $752,473.80. This represents a 6.54% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 4.85% of the company's stock.

Axos Financial Company Profile

Axos Financial, Inc NYSE: AX is a diversified online banking and financial services holding company headquartered in San Diego, California. The firm traces its origins to 1999 with the launch of Bank of Internet USA and rebranded as Axos Financial in December 2018 to reflect an expanded suite of digital offerings. Axos Financial operates through its wholly owned subsidiary, Axos Bank, providing a technology-driven banking platform that serves both retail and commercial clients across the United States.

Through its digital banking platform, Axos Financial delivers a range of deposit products, including checking and savings accounts, money market and certificate of deposit accounts, as well as individual retirement accounts.

Want to see what other hedge funds are holding AX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Axos Financial, Inc (NYSE:AX - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source