Universal Beteiligungs und Servicegesellschaft mbH Invests $2.41 Million in AXOS FINANCIAL, INC (NYSE:AX)

Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of AXOS FINANCIAL, INC (NYSE:AX - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 37,422 shares of the company's stock, valued at approximately $2,414,000. Universal Beteiligungs und Servicegesellschaft mbH owned 0.07% of AXOS FINANCIAL as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Heck Capital Advisors LLC bought a new stake in AXOS FINANCIAL in the 4th quarter valued at about $35,000. NewEdge Advisors LLC lifted its stake in shares of AXOS FINANCIAL by 1,700.0% during the 4th quarter. NewEdge Advisors LLC now owns 900 shares of the company's stock valued at $63,000 after buying an additional 850 shares in the last quarter. GAMMA Investing LLC boosted its holdings in AXOS FINANCIAL by 39.2% in the 1st quarter. GAMMA Investing LLC now owns 1,834 shares of the company's stock worth $118,000 after buying an additional 516 shares during the period. Covestor Ltd grew its stake in AXOS FINANCIAL by 24.1% in the 4th quarter. Covestor Ltd now owns 2,274 shares of the company's stock valued at $158,000 after buying an additional 442 shares in the last quarter. Finally, Palouse Capital Management Inc. raised its holdings in AXOS FINANCIAL by 37.2% during the 1st quarter. Palouse Capital Management Inc. now owns 2,649 shares of the company's stock valued at $171,000 after acquiring an additional 718 shares during the period. 83.79% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on AX shares. Jefferies Financial Group initiated coverage on AXOS FINANCIAL in a research report on Wednesday, May 21st. They set a "buy" rating and a $90.00 price objective on the stock. Keefe, Bruyette & Woods boosted their price target on shares of AXOS FINANCIAL from $85.00 to $90.00 and gave the stock a "market perform" rating in a research note on Friday, July 11th. Wall Street Zen downgraded AXOS FINANCIAL from a "hold" rating to a "sell" rating in a report on Saturday, July 5th. Piper Sandler dropped their target price on AXOS FINANCIAL from $84.00 to $80.00 and set an "overweight" rating for the company in a report on Thursday, May 1st. Finally, DA Davidson decreased their price target on AXOS FINANCIAL from $88.00 to $84.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat, AXOS FINANCIAL has a consensus rating of "Moderate Buy" and a consensus target price of $85.86.

AXOS FINANCIAL Price Performance

AX stock traded down $0.21 during midday trading on Wednesday, reaching $85.39. The stock had a trading volume of 448,801 shares, compared to its average volume of 342,572. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.19. The company's fifty day simple moving average is $76.97 and its 200 day simple moving average is $69.97. AXOS FINANCIAL, INC has a 52-week low of $54.46 and a 52-week high of $88.46. The company has a market cap of $4.81 billion, a price-to-earnings ratio of 11.63 and a beta of 1.29.

AXOS FINANCIAL (NYSE:AX - Get Free Report) last posted its earnings results on Wednesday, July 30th. The company reported $1.94 EPS for the quarter, beating analysts' consensus estimates of $1.84 by $0.10. AXOS FINANCIAL had a return on equity of 17.58% and a net margin of 21.93%. AXOS FINANCIAL's revenue for the quarter was up 10.5% compared to the same quarter last year. During the same period in the prior year, the company earned $1.83 EPS. As a group, sell-side analysts predict that AXOS FINANCIAL, INC will post 7.22 earnings per share for the current fiscal year.

AXOS FINANCIAL announced that its board has authorized a share buyback plan on Monday, May 12th that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the company to purchase up to 2.5% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's board of directors believes its shares are undervalued.

Insider Activity

In other news, Director Paul Grinberg sold 30,000 shares of the stock in a transaction 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 directly owned 113,295 shares in the company, valued at approximately $7,714,256.55. This trade represents a 20.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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.