Axos Financial, Inc $AX Stock Holdings Lessened by Argent Capital Management LLC

Argent Capital Management LLC lessened its holdings in shares of Axos Financial, Inc (NYSE:AX) by 14.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 45,757 shares of the company’s stock after selling 7,933 shares during the period. Argent Capital Management LLC owned 0.08% of Axos Financial worth $3,942,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of AX. Salomon & Ludwin LLC acquired a new position in Axos Financial during the 3rd quarter valued at approximately $26,000. Brown Brothers Harriman & Co. acquired a new stake in Axos Financial in the third quarter worth $29,000. Bessemer Group Inc. increased its position in Axos Financial by 59.6% in the third quarter. Bessemer Group Inc. now owns 348 shares of the company’s stock worth $29,000 after buying an additional 130 shares during the period. EverSource Wealth Advisors LLC lifted its stake in Axos Financial by 294.7% in the second quarter. EverSource Wealth Advisors LLC now owns 446 shares of the company’s stock valued at $34,000 after buying an additional 333 shares during the last quarter. Finally, Root Financial Partners LLC bought a new stake in Axos Financial in the third quarter valued at $40,000. Institutional investors and hedge funds own 83.79% of the company’s stock.

Insider Activity at Axos Financial

In related news, CEO Gregory Garrabrants sold 43,294 shares of the firm’s stock in a transaction that occurred on Wednesday, February 4th. The shares were sold at an average price of $99.10, for a total transaction of $4,290,435.40. Following the transaction, the chief executive officer owned 1,418,751 shares in the company, valued at $140,598,224.10. This trade represents a 2.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James John Court sold 11,163 shares of Axos Financial stock in a transaction on Friday, February 6th. The shares were sold at an average price of $101.01, for a total value of $1,127,574.63. Following the transaction, the director owned 32,169 shares in the company, valued at approximately $3,249,390.69. This trade represents a 25.76% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 59,303 shares of company stock worth $5,908,474 over the last quarter. 4.85% of the stock is currently owned by company insiders.

Axos Financial Stock Performance

AX stock opened at $83.25 on Friday. The company has a 50-day simple moving average of $92.55 and a 200 day simple moving average of $87.33. The company has a market capitalization of $4.72 billion, a P/E ratio of 10.55 and a beta of 1.27. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.40. Axos Financial, Inc has a fifty-two week low of $54.46 and a fifty-two week high of $101.92.

Axos Financial (NYSE:AX) last released its earnings results on Thursday, January 29th. The company reported $2.25 EPS for the quarter, beating the consensus estimate of $2.07 by $0.18. The firm had revenue of $385.09 million for the quarter, compared to analysts’ expectations of $345.89 million. Axos Financial had a net margin of 22.66% and a return on equity of 16.98%. Axos Financial’s quarterly revenue was up 25.1% on a year-over-year basis. During the same quarter last year, the company earned $1.82 EPS. Sell-side analysts predict that Axos Financial, Inc will post 7.22 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on AX shares. 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 target price on shares of Axos Financial from $110.00 to $115.00 and gave the company a “buy” rating in a research note on Friday, January 30th. Zacks Research upgraded shares of Axos Financial from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 2nd. DA Davidson raised their price target on shares of Axos Financial from $107.50 to $112.00 and gave the company a “buy” rating in a research note on Friday, January 30th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $110.00 price target on shares of Axos Financial in a report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price 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.