Universal Beteiligungs und Servicegesellschaft mbH Takes Position in Axos Financial, Inc (NYSE:AX)

Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Axos Financial, Inc (NYSE:AX - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 37,422 shares of the company's stock, valued at approximately $2,414,000. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.07% of Axos Financial at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of AX. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Axos Financial by 94.8% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 8,017 shares of the company's stock valued at $517,000 after purchasing an additional 3,901 shares in the last quarter. NewEdge Advisors LLC boosted its stake in shares of Axos Financial by 1,700.0% in the 4th quarter. NewEdge Advisors LLC now owns 900 shares of the company's stock valued at $63,000 after purchasing an additional 850 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Axos Financial by 39.2% in the 1st quarter. GAMMA Investing LLC now owns 1,834 shares of the company's stock valued at $118,000 after purchasing an additional 516 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of Axos Financial by 16.0% in the 1st quarter. Envestnet Asset Management Inc. now owns 50,402 shares of the company's stock valued at $3,252,000 after purchasing an additional 6,957 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC purchased a new stake in shares of Axos Financial in the 4th quarter valued at $223,000. Hedge funds and other institutional investors own 83.79% of the company's stock.

Insider Activity

In related news, Director Paul Grinberg sold 30,000 shares of the firm's stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $68.09, for a total value of $2,042,700.00. Following the transaction, the director owned 113,295 shares of the company's stock, valued at approximately $7,714,256.55. This trade represents a 20.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 5.07% of the company's stock.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Wall Street Zen upgraded shares of Axos Financial from a "sell" rating to a "hold" rating in a report on Saturday. Raymond James Financial reaffirmed an "outperform" rating and issued a $95.00 target price (up from $90.00) on shares of Axos Financial in a research report on Thursday. Piper Sandler reduced 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. Needham & Company LLC upped their target price on shares of Axos Financial from $92.00 to $102.00 and gave the stock a "buy" rating in a research report on Thursday. Finally, Keefe, Bruyette & Woods upped their target price on shares of Axos Financial from $90.00 to $94.00 and gave the stock a "market perform" rating in a research report on Thursday. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $90.86.

Axos Financial Stock Performance

Shares of NYSE AX traded down $1.97 during trading on Friday, reaching $84.38. 537,504 shares of the company traded hands, compared to its average volume of 342,041. The firm has a 50 day simple moving average of $77.92 and a 200-day simple moving average of $70.31. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $4.76 billion, a PE ratio of 11.31 and a beta of 1.32. Axos Financial, Inc has a 52-week low of $54.46 and a 52-week high of $88.46.

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

Axos Financial declared that its board has initiated a share repurchase program on Monday, May 12th that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the company to buy up to 2.5% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's management believes its stock is undervalued.

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.