Argent Capital Management LLC Increases Position in Axos Financial, Inc. (NYSE:AX)

Argent Capital Management LLC increased its position in shares of Axos Financial, Inc. (NYSE:AX) by 15.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 39,181 shares of the company’s stock after acquiring an additional 5,142 shares during the quarter. Argent Capital Management LLC owned about 0.07% of Axos Financial worth $2,737,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in AX. Hancock Whitney Corp boosted its holdings in shares of Axos Financial by 1.3% in the 3rd quarter. Hancock Whitney Corp now owns 10,931 shares of the company’s stock valued at $687,000 after acquiring an additional 142 shares during the last quarter. Crossmark Global Holdings Inc. boosted its stake in Axos Financial by 4.4% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 3,836 shares of the company’s stock worth $241,000 after purchasing an additional 162 shares during the last quarter. Mercer Global Advisors Inc. ADV boosted its position in Axos Financial by 5.3% during the second quarter. Mercer Global Advisors Inc. ADV now owns 5,291 shares of the company’s stock worth $302,000 after acquiring an additional 266 shares during the last quarter. GAMMA Investing LLC grew 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 valued at $62,000 after purchasing an additional 308 shares in the last quarter. Finally, Amalgamated Bank increased its stake in shares of Axos Financial by 2.1% in the 3rd quarter. Amalgamated Bank now owns 15,956 shares of the company’s stock worth $1,003,000 after acquiring an additional 322 shares during the last quarter. 83.79% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Axos Financial

In other Axos Financial news, CEO Gregory Garrabrants sold 125,000 shares of the company’s stock in a transaction dated 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 completion of the sale, the chief executive officer now directly owns 1,340,377 shares of the company’s stock, valued at approximately $109,763,472.53. This represents a 8.53 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Edward James Ratinoff sold 4,002 shares of the firm’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $79.41, for a total transaction of $317,798.82. Following the transaction, the director now owns 46,209 shares of the company’s stock, valued at approximately $3,669,456.69. This trade represents a 7.97 % decrease in their position. The disclosure for this sale can be found here. 5.07% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Wedbush cut their price objective on Axos Financial from $80.00 to $75.00 and set a “neutral” rating on the stock in a report on Tuesday, September 24th. Needham & Company LLC reissued a “buy” rating and set a $85.00 price objective on shares of Axos Financial in a report on Thursday, January 9th. Keefe, Bruyette & Woods lifted their price target on shares of Axos Financial from $74.00 to $91.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. Finally, StockNews.com raised shares of Axos Financial from a “sell” rating to a “hold” rating in a research report on Monday, December 9th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $83.20.

Axos Financial Stock Up 3.4 %

Shares of Axos Financial stock opened at $71.29 on Thursday. Axos Financial, Inc. has a twelve month low of $44.10 and a twelve month high of $88.46. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $4.07 billion, a price-to-earnings ratio of 8.63 and a beta of 1.46. The business’s 50 day simple moving average is $76.64 and its 200-day simple moving average is $69.39.

Axos Financial (NYSE:AX) last released its quarterly earnings results on Wednesday, October 30th. The company reported $1.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.80 by $0.16. Axos Financial had a return on equity of 18.99% and a net margin of 24.07%. The company had revenue of $512.87 million during the quarter, compared to analysts’ expectations of $299.59 million. During the same quarter in the prior year, the business posted $1.41 earnings per share. Equities research analysts forecast that Axos Financial, Inc. will post 7.07 earnings per share for the current year.

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.