Argent Capital Management LLC Grows Stock Holdings in Axos Financial, Inc. (NYSE:AX)

Argent Capital Management LLC increased its stake in Axos Financial, Inc. (NYSE:AX - Free Report) by 15.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,181 shares of the company's stock after buying an additional 5,142 shares during the period. Argent Capital Management LLC owned 0.07% of Axos Financial worth $2,737,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of AX. Hollencrest Capital Management purchased a new stake in Axos Financial in the second quarter worth about $25,000. Kathleen S. Wright Associates Inc. purchased a new position in shares of Axos Financial during the third quarter valued at approximately $27,000. Ashton Thomas Securities LLC purchased a new position in shares of Axos Financial during the third quarter valued at approximately $41,000. Farther Finance Advisors LLC lifted its holdings in shares of Axos Financial by 881.8% during the third quarter. Farther Finance Advisors LLC now owns 648 shares of the company's stock valued at $41,000 after purchasing an additional 582 shares during the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of Axos Financial by 45.7% during 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 during the last quarter. 83.79% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on AX shares. StockNews.com upgraded shares of Axos Financial from a "sell" rating to a "hold" rating in a report on Monday, December 9th. Keefe, Bruyette & Woods lifted their target price on shares of Axos Financial from $74.00 to $91.00 and gave the company a "market perform" rating in a report on Wednesday, December 4th. Needham & Company LLC reissued a "buy" rating and set a $85.00 price target on shares of Axos Financial in a research report on Thursday, January 9th. Finally, Wedbush reduced their price target on shares of Axos Financial from $80.00 to $75.00 and set a "neutral" rating for the company in a research report on Tuesday, September 24th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy 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 $83.20.

Insiders Place Their Bets

In other news, Director Edward James Ratinoff sold 4,002 shares of Axos Financial stock in a transaction on 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 in the company, valued at $3,669,456.69. This trade represents a 7.97 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Gregory Garrabrants sold 125,000 shares of Axos Financial stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $81.89, for a total transaction of $10,236,250.00. Following the transaction, the chief executive officer now owns 1,340,377 shares in the company, valued at $109,763,472.53. This represents a 8.53 % decrease in their position. The disclosure for this sale can be found here. 5.07% of the stock is currently owned by insiders.

Axos Financial Stock Down 0.6 %

Shares of AX traded down $0.42 on Thursday, hitting $70.91. 460,077 shares of the stock traded hands, compared to its average volume of 415,958. The company has a market capitalization of $4.05 billion, a PE ratio of 8.58 and a beta of 1.46. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.08 and a current ratio of 1.08. The business has a 50 day simple moving average of $76.64 and a 200 day simple moving average of $69.39. Axos Financial, Inc. has a one year low of $44.10 and a one year high of $88.46.

Axos Financial (NYSE:AX - Get Free Report) last posted its earnings results on Wednesday, October 30th. The company reported $1.96 EPS for the quarter, topping analysts' consensus estimates of $1.80 by $0.16. Axos Financial had a net margin of 24.07% and a return on equity of 18.99%. The business had revenue of $512.87 million during the quarter, compared to the consensus estimate of $299.59 million. During the same quarter in the previous year, the firm posted $1.41 EPS. As a group, equities analysts forecast that Axos Financial, Inc. will post 7.07 earnings per share for the current fiscal year.

About Axos Financial

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.