American Century Companies Inc. Buys 226,892 Shares of Axos Financial, Inc $AX

American Century Companies Inc. increased its stake in Axos Financial, Inc. by 10.5% in Q2, acquiring 226,892 additional shares, now owning 4.22% of the company. Other investors also adjusted their holdings. Analysts have given Axos Financial a consensus rating of 'Moderate Buy' with an average target price of $97.17. The company's stock opened at $79.52, with a market cap of $4.50 billion and a PE ratio of 10.66.

American Century Companies Inc. boosted its stake in shares of Axos Financial, Inc (NYSE:AX - Free Report) by 10.5% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,378,121 shares of the company's stock after acquiring an additional 226,892 shares during the quarter. American Century Companies Inc. owned 4.22% of Axos Financial worth $180,832,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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A number of other large investors have also bought and sold shares of the stock. Envestnet Asset Management Inc. raised its stake in shares of Axos Financial by 16.0% during the first quarter. Envestnet Asset Management Inc. now owns 50,402 shares of the company's stock valued at $3,252,000 after acquiring an additional 6,957 shares during the last quarter. CWM LLC lifted its stake in shares of Axos Financial by 32.8% in the 2nd quarter. CWM LLC now owns 10,233 shares of the company's stock valued at $778,000 after purchasing an additional 2,527 shares during the period. Horizon Investment Services LLC bought a new stake in shares of Axos Financial during the second quarter valued at approximately $279,000. Truist Financial Corp grew its stake in Axos Financial by 24.5% in the second quarter. Truist Financial Corp now owns 12,483 shares of the company's stock worth $949,000 after purchasing an additional 2,457 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its holdings in shares of Axos Financial by 33.1% during the second quarter. Allspring Global Investments Holdings LLC now owns 158,801 shares of the company's stock valued at $12,437,000 after purchasing an additional 39,515 shares during the last quarter. 83.79% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently commented on AX. Needham & Company LLC increased their price objective on shares of Axos Financial from $105.00 to $107.00 and gave the company a "buy" rating in a research report on Friday, October 31st. Weiss Ratings reissued a "buy (b-)" rating on shares of Axos Financial in a research report on Monday, November 17th. Keefe, Bruyette & Woods upped their price objective on Axos Financial from $94.00 to $100.00 and gave the company a "market perform" rating in a research report on Monday, September 29th. DA Davidson lifted their target price on Axos Financial from $100.00 to $106.00 and gave the stock a "buy" rating in a report on Wednesday, September 24th. Finally, Wall Street Zen upgraded Axos Financial from a "sell" rating to a "hold" rating in a research note on Saturday, August 2nd. Six investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $97.17.

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Insider Transactions at Axos Financial

In other Axos Financial news, EVP Candace L. Thiele sold 700 shares of the company's stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $90.14, for a total transaction of $63,098.00. Following the completion of the sale, the executive vice president directly owned 23 shares of the company's stock, valued at approximately $2,073.22. This represents a 96.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 4.85% of the company's stock.

Axos Financial Trading Up 3.6%

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NYSE:AX opened at $79.52 on Monday. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.17. Axos Financial, Inc has a 12 month low of $54.46 and a 12 month high of $93.84. The company has a market cap of $4.50 billion, a PE ratio of 10.66 and a beta of 1.35. The company has a 50 day simple moving average of $82.10 and a two-hundred day simple moving average of $81.17.

Axos Financial (NYSE:AX - Get Free Report) last released its quarterly earnings results on Thursday, October 30th. The company reported $2.07 earnings per share for the quarter, beating the consensus estimate of $1.86 by $0.21. Axos Financial had a return on equity of 17.11% and a net margin of 22.24%.The firm had revenue of $323.39 million for the quarter, compared to analysts' expectations of $319.96 million. During the same period in the prior year, the firm earned $1.96 EPS. Research analysts forecast that Axos Financial, Inc will post 7.22 earnings per share for the current year.

About Axos Financial

(Free Report)

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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