Western Wealth Management LLC Acquires Shares of 4,854 Axos Financial, Inc $AX

Western Wealth Management LLC bought a new position in shares of Axos Financial, Inc (NYSE:AX) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 4,854 shares of the company’s stock, valued at approximately $413,000.

Other institutional investors have also recently made changes to their positions in the company. Eurizon Capital SGR S.p.A. purchased a new position in shares of Axos Financial in the 4th quarter valued at approximately $26,000. Basepoint Wealth LLC purchased a new stake in Axos Financial in the fourth quarter worth $28,000. Brown Brothers Harriman & Co. purchased a new stake in Axos Financial in the third quarter worth $29,000. State of Wyoming bought a new position in Axos Financial in the first quarter worth $30,000. Finally, Torren Management LLC bought a new position in Axos Financial in the fourth quarter worth $36,000. Institutional investors own 83.79% of the company’s stock.

Axos Financial Trading Up 1.2%

NYSE:AX opened at $104.90 on Wednesday. The company’s 50 day moving average price is $94.09 and its 200-day moving average price is $92.03. Axos Financial, Inc has a 52 week low of $74.89 and a 52 week high of $105.74. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.24. The stock has a market cap of $5.97 billion, a price-to-earnings ratio of 12.38 and a beta of 1.22.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on AX. Zacks Research cut shares of Axos Financial from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 8th. Keefe, Bruyette & Woods increased their price target on shares of Axos Financial from $105.00 to $110.00 and gave the stock a “market perform” rating in a research note on Friday, July 31st. Weiss Ratings upgraded shares of Axos Financial from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, July 1st. Benchmark began coverage on shares of Axos Financial in a research report on Wednesday, July 8th. They set a “buy” rating and a $115.00 price target for the company. Finally, Raymond James Financial raised shares of Axos Financial from an “outperform” rating to a “strong-buy” rating and dropped their price objective for the stock from $110.00 to $100.00 in a research note on Tuesday, April 7th. Two equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, Axos Financial has a consensus rating of “Buy” and an average target price of $114.83.

Insiders Place Their Bets

In other news, EVP Michael James Watson sold 1,653 shares of the business’s stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $83.77, for a total value of $138,471.81. Following the completion of the transaction, the executive vice president owned 4,592 shares in the company, valued at $384,671.84. The trade was a 26.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Roque A. Santi sold 500 shares of the company’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of $87.77, for a total value of $43,885.00. Following the transaction, the director directly owned 7,646 shares in the company, valued at approximately $671,089.42. The trade was a 6.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 4.85% of the stock is currently owned by company insiders.

Axos Financial Company Profile

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.