Argent Capital Management LLC Buys 368 Shares of Axos Financial, Inc $AX

Argent Capital Management LLC boosted its stake in shares of Axos Financial, Inc (NYSE:AX) by 0.9% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 39,275 shares of the company’s stock after acquiring an additional 368 shares during the period. Argent Capital Management LLC’s holdings in Axos Financial were worth $2,986,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. GAMMA Investing LLC increased its stake in Axos Financial by 6.9% during the 2nd quarter. GAMMA Investing LLC now owns 1,960 shares of the company’s stock worth $149,000 after acquiring an additional 126 shares during the period. Livforsakringsbolaget Skandia Omsesidigt increased its stake in Axos Financial by 21.5% during the 2nd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 39,600 shares of the company’s stock worth $3,011,000 after acquiring an additional 7,000 shares during the period. Exchange Traded Concepts LLC increased its stake in Axos Financial by 6.1% during the 2nd quarter. Exchange Traded Concepts LLC now owns 16,810 shares of the company’s stock worth $1,278,000 after acquiring an additional 966 shares during the period. Wealth Enhancement Advisory Services LLC increased its stake in Axos Financial by 32.0% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 10,586 shares of the company’s stock worth $888,000 after acquiring an additional 2,569 shares during the period. Finally, Pallas Capital Advisors LLC increased its stake in Axos Financial by 16.0% during the 2nd quarter. Pallas Capital Advisors LLC now owns 4,370 shares of the company’s stock worth $332,000 after acquiring an additional 602 shares during the period. Institutional investors own 83.79% of the company’s stock.

Insider Activity

In other Axos Financial news, EVP Andrew J. Micheletti sold 13,960 shares of Axos Financial stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $85.38, for a total transaction of $1,191,904.80. Following the transaction, the executive vice president directly owned 67,460 shares of the company’s stock, valued at approximately $5,759,734.80. The trade was a 17.15% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Candace L. Thiele sold 700 shares of Axos Financial stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $90.14, for a total value of $63,098.00. Following the completion of the transaction, the executive vice president directly owned 23 shares of the company’s stock, valued at approximately $2,073.22. This trade represents a 96.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.07% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research firms have commented on AX. Needham & Company LLC raised their price objective on Axos Financial from $92.00 to $102.00 and gave the stock a “buy” rating in a research note on Thursday, July 31st. DA Davidson raised their target price on Axos Financial from $96.00 to $100.00 and gave the company a “buy” rating in a report on Thursday, July 31st. Keefe, Bruyette & Woods raised their target price on Axos Financial from $90.00 to $94.00 and gave the company a “market perform” rating in a report on Thursday, July 31st. Raymond James Financial reaffirmed an “outperform” rating and issued a $95.00 target price (up previously from $90.00) on shares of Axos Financial in a report on Thursday, July 31st. Finally, Wall Street Zen raised Axos Financial from a “sell” rating to a “hold” rating in a report on Saturday, August 2nd. Five analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, Axos Financial presently has a consensus rating of “Moderate Buy” and an average target price of $90.86.

Axos Financial Stock Performance

Shares of AX stock opened at $87.85 on Tuesday. The business’s 50-day moving average price is $87.91 and its 200-day moving average price is $75.26. Axos Financial, Inc has a 12 month low of $54.46 and a 12 month high of $93.84. The firm has a market capitalization of $4.96 billion, a price-to-earnings ratio of 11.78 and a beta of 1.32. 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 (NYSE:AX) last announced its quarterly earnings results on Wednesday, July 30th. The company reported $1.94 EPS for the quarter, beating analysts’ consensus estimates of $1.82 by $0.12. The firm had revenue of $321.45 million for the quarter, compared to analyst estimates of $311.73 million. Axos Financial had a return on equity of 17.11% and a net margin of 22.24%.The business’s revenue for the quarter was up 10.5% on a year-over-year basis. During the same period last year, the firm posted $1.83 earnings per share. Equities research analysts forecast that Axos Financial, Inc will post 7.22 EPS 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.