Axos Financial, Inc. (NYSE:AX) Stock Position Raised by Argent Capital Management LLC

Argent Capital Management LLC lifted its stake in shares of Axos Financial, Inc. (NYSE:AX) by 15.1% during the fourth quarter, Holdings Channel reports. The firm owned 39,181 shares of the company’s stock after purchasing an additional 5,142 shares during the quarter. Argent Capital Management LLC’s holdings in Axos Financial were worth $2,737,000 at the end of the most recent quarter.

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

Analyst Ratings Changes

Several research firms recently weighed in on AX. Keefe, Bruyette & Woods upped their price target on Axos Financial from $74.00 to $91.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. Needham & Company LLC reiterated a “buy” rating and issued a $85.00 target price on shares of Axos Financial in a report on Thursday, January 9th. StockNews.com upgraded shares of Axos Financial from a “sell” rating to a “hold” rating in a report on Monday, December 9th. Finally, Wedbush lowered their price objective on shares of 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 equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Axos Financial presently has an average rating of “Moderate Buy” and a consensus price target of $83.20.

Axos Financial Stock Up 3.4 %

Shares of Axos Financial stock opened at $71.29 on Thursday. The stock has a 50-day simple moving average of $76.64 and a 200-day simple moving average of $69.39. Axos Financial, Inc. has a 52-week low of $44.10 and a 52-week high of $88.46. The firm has a market cap of $4.07 billion, a price-to-earnings ratio of 8.63 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 earnings results on Wednesday, October 30th. The company reported $1.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.80 by $0.16. The firm had revenue of $512.87 million during the quarter, compared to analysts’ expectations of $299.59 million. Axos Financial had a net margin of 24.07% and a return on equity of 18.99%. During the same period in the previous year, the company earned $1.41 earnings per share. On average, equities research analysts expect that Axos Financial, Inc. will post 7.07 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Gregory Garrabrants sold 125,000 shares of the firm’s stock in a transaction on 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 directly owns 1,340,377 shares in the company, valued at approximately $109,763,472.53. This trade represents a 8.53 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Edward James Ratinoff sold 4,002 shares of the business’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $79.41, for a total transaction of $317,798.82. Following the transaction, the director now directly owns 46,209 shares of the company’s stock, valued at approximately $3,669,456.69. This represents a 7.97 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 5.07% of the company’s stock.

Axos Financial 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.