141,004 Shares in Axos Financial, Inc. (NYSE:AX) Purchased by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. bought a new position in shares of Axos Financial, Inc. (NYSE:AX - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor 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 filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the business. GAMMA Investing LLC increased its holdings in Axos Financial by 34.2% in the 4th quarter. GAMMA Investing LLC now owns 1,318 shares of the company's stock valued at $92,000 after purchasing an additional 336 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Axos Financial by 12.9% in the third quarter. JPMorgan Chase & Co. now owns 281,658 shares of the company's stock valued at $17,711,000 after buying an additional 32,095 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of Axos Financial by 27.9% in the third quarter. Principal Financial Group Inc. now owns 320,717 shares of the company's stock valued at $20,167,000 after buying an additional 70,017 shares in the last quarter. World Investment Advisors LLC purchased a new stake in shares of Axos Financial during the 3rd quarter valued at about $221,000. Finally, Sanctuary Advisors LLC lifted its position in Axos Financial by 98.8% during the 3rd quarter. Sanctuary Advisors LLC now owns 20,631 shares of the company's stock worth $1,297,000 after acquiring an additional 10,252 shares in the last quarter. Hedge funds and other institutional investors own 83.79% of the company's stock.

Insider Transactions at Axos Financial

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

Analyst Upgrades and Downgrades

Several analysts have issued reports on AX shares. Needham & Company LLC reaffirmed a "buy" rating and issued a $85.00 price objective on shares of Axos Financial in a research report on Thursday, January 9th. Wedbush dropped their price target on shares of Axos Financial from $80.00 to $75.00 and set a "neutral" rating on the stock in a research note on Tuesday, September 24th. StockNews.com raised shares of Axos Financial from a "sell" rating to a "hold" rating in a research report on Monday, December 9th. Finally, Keefe, Bruyette & Woods lifted their target price on Axos Financial from $74.00 to $91.00 and gave the stock a "market perform" rating in a research report on Wednesday, December 4th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, Axos Financial has a consensus rating of "Moderate Buy" and a consensus price target of $83.20.

Axos Financial Stock Up 1.5 %

Shares of NYSE:AX traded up $1.07 during midday trading on Friday, reaching $72.03. The company had a trading volume of 337,911 shares, compared to its average volume of 396,005. The stock has a market capitalization of $4.11 billion, a P/E ratio of 8.72 and a beta of 1.46. The stock's fifty day moving average price is $76.30 and its 200-day moving average price is $69.58. 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, Inc. has a one year low of $44.10 and a one year high of $88.46.

Axos Financial (NYSE:AX - Get Free Report) last released its earnings results on Wednesday, October 30th. The company reported $1.96 earnings per share for the quarter, topping the consensus estimate of $1.80 by $0.16. Axos Financial had a net margin of 24.07% and a return on equity of 18.99%. The company had revenue of $512.87 million during the quarter, compared to the consensus estimate of $299.59 million. During the same quarter in the previous year, the firm earned $1.41 EPS. Equities research analysts expect that Axos Financial, Inc. will post 7.07 earnings per share for the current fiscal year.

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.