American Century Companies Inc. raised its stake in shares of Axos Financial, Inc. (NYSE:AX – Free Report) by 23.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 503,114 shares of the company’s stock after acquiring an additional 94,005 shares during the period. American Century Companies Inc. owned about 0.85% of Axos Financial worth $18,494,000 as of its most recent SEC filing.
Several other large investors have also bought and sold shares of the stock. Davis Asset Management L.P. lifted its stake in Axos Financial by 18.5% during the 1st quarter. Davis Asset Management L.P. now owns 1,200,000 shares of the company’s stock valued at $44,304,000 after acquiring an additional 187,763 shares in the last quarter. Rhumbline Advisers lifted its stake in Axos Financial by 4.4% during the 1st quarter. Rhumbline Advisers now owns 180,531 shares of the company’s stock valued at $6,665,000 after acquiring an additional 7,600 shares in the last quarter. B. Metzler seel. Sohn & Co. AG lifted its stake in Axos Financial by 29.4% during the 1st quarter. B. Metzler seel. Sohn & Co. AG now owns 33,155 shares of the company’s stock valued at $1,224,000 after acquiring an additional 7,524 shares in the last quarter. Credit Suisse AG lifted its stake in Axos Financial by 9.4% during the 1st quarter. Credit Suisse AG now owns 48,257 shares of the company’s stock valued at $1,782,000 after acquiring an additional 4,153 shares in the last quarter. Finally, Pictet Asset Management SA lifted its stake in Axos Financial by 18.3% during the 1st quarter. Pictet Asset Management SA now owns 7,127 shares of the company’s stock valued at $263,000 after acquiring an additional 1,100 shares in the last quarter. 80.23% of the stock is currently owned by institutional investors.
Axos Financial Trading Up 0.6 %
Shares of Axos Financial stock opened at $43.06 on Friday. Axos Financial, Inc. has a 52-week low of $33.15 and a 52-week high of $51.46. The stock’s 50-day simple moving average is $43.07 and its 200 day simple moving average is $40.36. The stock has a market capitalization of $2.56 billion, a P/E ratio of 8.44 and a beta of 1.47. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.08 and a current ratio of 1.08.
Analyst Ratings Changes
A number of equities research analysts have recently commented on AX shares. Raymond James lifted their target price on Axos Financial from $47.00 to $55.00 and gave the stock an “outperform” rating in a research note on Monday, July 31st. Wedbush lifted their target price on Axos Financial from $42.00 to $49.00 in a research note on Friday, July 28th. StockNews.com started coverage on Axos Financial in a research note on Wednesday, August 23rd. They set a “hold” rating on the stock. Finally, Piper Sandler lifted their target price on Axos Financial from $48.00 to $63.00 in a research note on Friday, July 28th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Axos Financial presently has an average rating of “Moderate Buy” and an average price target of $54.60.
View Our Latest Research Report on Axos Financial
Insider Activity at Axos Financial
In related news, EVP Andrew J. Micheletti sold 6,000 shares of the business’s stock in a transaction dated Tuesday, June 13th. The stock was sold at an average price of $41.29, for a total value of $247,740.00. Following the sale, the executive vice president now directly owns 503,689 shares in the company, valued at approximately $20,797,318.81. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Axos Financial news, EVP Andrew J. Micheletti sold 6,000 shares of Axos Financial stock in a transaction dated Tuesday, June 13th. The stock was sold at an average price of $41.29, for a total transaction of $247,740.00. Following the completion of the transaction, the executive vice president now owns 503,689 shares of the company’s stock, valued at approximately $20,797,318.81. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Gregory Garrabrants sold 85,312 shares of Axos Financial stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $45.36, for a total value of $3,869,752.32. Following the transaction, the chief executive officer now directly owns 1,435,979 shares of the company’s stock, valued at approximately $65,136,007.44. The disclosure for this sale can be found here. In the last three months, insiders have sold 131,312 shares of company stock worth $5,938,692. Company insiders own 4.81% 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.
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