Keebeck Wealth Management Makes New $602,000 Investment in Axos Financial, Inc $AX

Keebeck Wealth Management purchased a new position in shares of Axos Financial, Inc (NYSE:AX) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 6,185 shares of the company’s stock, valued at approximately $602,000.

A number of other hedge funds and other institutional investors have also modified their holdings of AX. Eurizon Capital SGR S.p.A. acquired a new position in Axos Financial during the fourth quarter worth $26,000. Basepoint Wealth LLC bought a new position in Axos Financial during the fourth quarter valued at about $28,000. Brown Brothers Harriman & Co. acquired a new stake in shares of Axos Financial in the third quarter worth about $29,000. State of Wyoming acquired a new stake in shares of Axos Financial in the first quarter worth about $30,000. Finally, Torren Management LLC bought a new stake in shares of Axos Financial during the 4th quarter worth about $36,000. Institutional investors own 83.79% of the company’s stock.

Insider Transactions at Axos Financial

In other Axos Financial news, Director Roque A. Santi sold 500 shares of the firm’s stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $105.30, for a total value of $52,650.00. Following the sale, the director owned 7,146 shares of the company’s stock, valued at $752,473.80. This trade represents a 6.54% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 4.85% of the stock is owned by company insiders.

Axos Financial Trading Up 0.7%

Shares of NYSE:AX opened at $96.62 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.04 and a current ratio of 1.04. The stock’s 50-day moving average is $97.18 and its 200-day moving average is $92.52. The company has a market cap of $5.50 billion, a P/E ratio of 11.41 and a beta of 1.22. Axos Financial, Inc has a 52-week low of $74.89 and a 52-week high of $105.74.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Benchmark increased their price objective on Axos Financial from $115.00 to $120.00 and gave the company a “buy” rating in a report on Thursday, August 13th. Weiss Ratings raised Axos Financial from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, July 1st. Keefe, Bruyette & Woods increased their price target on Axos Financial from $105.00 to $110.00 and gave the company a “market perform” rating in a report on Friday, July 31st. Needham & Company LLC lifted their price target on shares of Axos Financial from $110.00 to $128.00 and gave the company a “buy” rating in a research report on Friday, July 31st. Finally, DA Davidson set a $121.00 price objective on shares of Axos Financial in a research note on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Axos Financial presently has an average rating of “Moderate Buy” and an average price target of $115.67.

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.