Assenagon Asset Management S.A. Buys New Shares in Axos Financial, Inc. (NYSE:AX)

Assenagon Asset Management S.A. bought a new position in shares of Axos Financial, Inc. (NYSE:AX) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 141,004 shares of the company’s stock, valued at approximately $9,849,000. Assenagon Asset Management S.A. owned approximately 0.25% of Axos Financial as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Hollencrest Capital Management acquired a new stake in shares of Axos Financial during the 2nd quarter worth approximately $25,000. Kathleen S. Wright Associates Inc. bought a new position in Axos Financial in the third quarter worth $27,000. Ashton Thomas Securities LLC acquired a new stake in Axos Financial during the third quarter worth $41,000. Farther Finance Advisors LLC increased its holdings in Axos Financial by 881.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 648 shares of the company’s stock valued at $41,000 after buying an additional 582 shares during the period. Finally, GAMMA Investing LLC raised its stake in shares of Axos Financial by 45.7% in the 3rd quarter. GAMMA Investing LLC now owns 982 shares of the company’s stock valued at $62,000 after buying an additional 308 shares in the last quarter. 83.79% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Axos Financial news, CEO Gregory Garrabrants sold 125,000 shares of the business’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $81.89, for a total transaction of $10,236,250.00. Following the completion of the sale, the chief executive officer now directly owns 1,340,377 shares of the company’s stock, valued at approximately $109,763,472.53. The trade was a 8.53 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Edward James Ratinoff sold 4,002 shares of the firm’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $79.41, for a total transaction of $317,798.82. Following the completion of the transaction, the director now directly owns 46,209 shares in the company, valued at $3,669,456.69. This trade represents a 7.97 % decrease in their position. The disclosure for this sale can be found here. Insiders own 5.07% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on AX. StockNews.com raised shares of Axos Financial from a “sell” rating to a “hold” rating in a research note on Monday, December 9th. Keefe, Bruyette & Woods upped their price objective on Axos Financial from $74.00 to $91.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. Needham & Company LLC restated a “buy” rating and set a $85.00 target price on shares of Axos Financial in a research report on Thursday, January 9th. Finally, Wedbush lowered their price target on Axos Financial from $80.00 to $75.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 24th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $83.20.

Axos Financial Stock Up 1.5 %

NYSE AX opened at $72.03 on Friday. The stock’s 50 day simple moving average is $76.30 and its 200 day simple moving average is $69.58. Axos Financial, Inc. has a one year low of $44.10 and a one year high of $88.46. The firm has a market cap of $4.11 billion, a PE ratio of 8.72 and a beta of 1.46. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.08 and a quick ratio of 1.08.

Axos Financial (NYSE:AX) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $1.96 EPS for the quarter, topping analysts’ consensus estimates of $1.80 by $0.16. Axos Financial had a return on equity of 18.99% and a net margin of 24.07%. The company had revenue of $512.87 million for the quarter, compared to analyst estimates of $299.59 million. During the same quarter in the previous year, the firm earned $1.41 earnings per share. As a group, sell-side analysts forecast that Axos Financial, Inc. will post 7.07 earnings per share for the current fiscal year.

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.