Vontobel Holding Ltd. Has $404,000 Stock Holdings in Axos Financial, Inc. (NYSE:AX)

Vontobel Holding Ltd. decreased its holdings in shares of Axos Financial, Inc. (NYSE:AX) by 6.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,424 shares of the company’s stock after selling 441 shares during the quarter. Vontobel Holding Ltd.’s holdings in Axos Financial were worth $404,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in AX. Wellington Management Group LLP lifted its holdings in shares of Axos Financial by 162.7% during the fourth quarter. Wellington Management Group LLP now owns 214,950 shares of the company’s stock worth $11,736,000 after buying an additional 133,113 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Axos Financial by 8.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 5,318 shares of the company’s stock worth $290,000 after buying an additional 394 shares in the last quarter. Toth Financial Advisory Corp acquired a new stake in shares of Axos Financial during the first quarter worth $618,000. Investment Research & Advisory Group Inc. acquired a new stake in shares of Axos Financial during the first quarter worth $27,000. Finally, CCG Wealth Management LLC lifted its holdings in shares of Axos Financial by 441.5% during the first quarter. CCG Wealth Management LLC now owns 54,211 shares of the company’s stock worth $2,930,000 after buying an additional 44,200 shares in the last quarter. Institutional investors and hedge funds own 83.79% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Piper Sandler lifted their target price on Axos Financial from $68.00 to $84.00 and gave the stock an “overweight” rating in a report on Wednesday, July 31st. Needham & Company LLC began coverage on Axos Financial in a research note on Friday, October 11th. They issued a “buy” rating and a $82.00 price target for the company. Wedbush dropped their price target on Axos Financial from $80.00 to $75.00 and set a “neutral” rating for the company in a research note on Tuesday, September 24th. Keefe, Bruyette & Woods downgraded Axos Financial from an “outperform” rating to a “market perform” rating and set a $79.00 price target for the company. in a research note on Wednesday, July 31st. Finally, Raymond James boosted their price target on Axos Financial from $67.00 to $81.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $80.20.

Axos Financial Stock Performance

Axos Financial stock opened at $65.59 on Wednesday. Axos Financial, Inc. has a 12-month low of $32.05 and a 12-month high of $79.15. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.17. The business’s 50-day moving average price is $64.57 and its two-hundred day moving average price is $60.74. The stock has a market cap of $3.74 billion, a PE ratio of 8.90 and a beta of 1.39.

Axos Financial (NYSE:AX) last released its earnings results on Tuesday, July 30th. The company reported $1.80 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.80. Axos Financial had a return on equity of 18.57% and a net margin of 23.96%. The firm had revenue of $484.29 million for the quarter, compared to analysts’ expectations of $296.02 million. During the same quarter in the previous year, the business posted $1.50 earnings per share. As a group, analysts expect that Axos Financial, Inc. will post 7.12 earnings per share for the current fiscal year.

Insider Buying and Selling at Axos Financial

In other Axos Financial news, EVP Andrew J. Micheletti sold 5,197 shares of Axos Financial stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $63.13, for a total value of $328,086.61. Following the transaction, the executive vice president now owns 424,149 shares in the company, valued at $26,776,526.37. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 4.82% of the company’s stock.

Axos Financial Company 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.