Universal Beteiligungs und Servicegesellschaft mbH Reduces Stake in Axos Financial, Inc $AX

Universal Beteiligungs und Servicegesellschaft mbH cut its holdings in shares of Axos Financial, Inc (NYSE:AX) by 91.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,356 shares of the company’s stock after selling 33,846 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Axos Financial were worth $284,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in AX. Salomon & Ludwin LLC acquired a new stake in Axos Financial during the 3rd quarter worth about $26,000. True Wealth Design LLC boosted its position in Axos Financial by 120.9% in the 2nd quarter. True Wealth Design LLC now owns 433 shares of the company’s stock worth $33,000 after purchasing an additional 237 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of Axos Financial by 294.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 446 shares of the company’s stock valued at $34,000 after purchasing an additional 333 shares in the last quarter. Root Financial Partners LLC acquired a new stake in Axos Financial during the third quarter valued at $40,000. Finally, IFP Advisors Inc raised its position in shares of Axos Financial by 360.7% in the second quarter. IFP Advisors Inc now owns 493 shares of the company’s stock worth $37,000 after acquiring an additional 386 shares during the period. Institutional investors and hedge funds own 83.79% of the company’s stock.

Axos Financial Price Performance

Shares of AX stock opened at $97.84 on Wednesday. The company has a market capitalization of $5.55 billion, a PE ratio of 12.40 and a beta of 1.27. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.08 and a quick ratio of 1.08. The firm’s 50-day moving average is $89.24 and its two-hundred day moving average is $86.30. Axos Financial, Inc has a 12 month low of $54.46 and a 12 month high of $100.83.

Axos Financial (NYSE:AX) last issued its quarterly earnings data on Thursday, January 29th. The company reported $2.25 earnings per share for the quarter, topping the consensus estimate of $2.07 by $0.18. Axos Financial had a return on equity of 16.98% and a net margin of 22.66%.The company had revenue of $385.09 million during the quarter, compared to analyst estimates of $345.89 million. During the same period in the prior year, the business posted $1.82 earnings per share. The firm’s revenue for the quarter was up 25.1% compared to the same quarter last year. Analysts predict that Axos Financial, Inc will post 7.22 earnings per share for the current year.

Insider Transactions at Axos Financial

In other news, Director Tamara N. Bohlig sold 2,145 shares of the business’s stock in a transaction that occurred on Monday, December 8th. The shares were sold at an average price of $86.23, for a total value of $184,963.35. Following the sale, the director directly owned 12,919 shares of the company’s stock, valued at approximately $1,114,005.37. The trade was a 14.24% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Edward James Ratinoff sold 2,145 shares of the stock in a transaction that occurred on Friday, December 5th. The stock was sold at an average price of $84.59, for a total transaction of $181,445.55. Following the transaction, the director directly owned 46,209 shares of the company’s stock, valued at $3,908,819.31. The trade was a 4.44% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 4.85% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. DA Davidson lifted their price target on Axos Financial from $107.50 to $112.00 and gave the company a “buy” rating in a research note on Friday. Needham & Company LLC increased their price objective on shares of Axos Financial from $107.00 to $110.00 and gave the company a “buy” rating in a report on Friday, January 30th. Keefe, Bruyette & Woods upped their price target on shares of Axos Financial from $100.00 to $110.00 and gave the stock a “market perform” rating in a research report on Friday, January 30th. Jefferies Financial Group boosted their price objective on Axos Financial from $110.00 to $115.00 and gave the stock a “buy” rating in a research note on Friday, January 30th. Finally, Zacks Research upgraded Axos Financial from a “hold” rating to a “strong-buy” rating in a research report on Monday. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $104.50.

About Axos Financial

Axos Financial, Inc (NYSE: AX) is a diversified online banking and financial services holding company headquartered in San Diego, California. The firm traces its origins to 1999 with the launch of Bank of Internet USA and rebranded as Axos Financial in December 2018 to reflect an expanded suite of digital offerings. Axos Financial operates through its wholly owned subsidiary, Axos Bank, providing a technology-driven banking platform that serves both retail and commercial clients across the United States.

Through its digital banking platform, Axos Financial delivers a range of deposit products, including checking and savings accounts, money market and certificate of deposit accounts, as well as individual retirement accounts.