Axos Financial, Inc. (NYSE:AX) Shares Bought by Argent Capital Management LLC

Argent Capital Management LLC increased its holdings in shares of Axos Financial, Inc. (NYSE:AX - Free Report) by 306.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 34,039 shares of the company's stock after purchasing an additional 25,665 shares during the period. Argent Capital Management LLC owned 0.06% of Axos Financial worth $2,140,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the business. American Century Companies Inc. boosted its position in Axos Financial by 26.2% in the 2nd quarter. American Century Companies Inc. now owns 1,549,748 shares of the company's stock valued at $88,568,000 after buying an additional 321,494 shares during the last quarter. Millennium Management LLC boosted its position in Axos Financial by 107.9% in the 2nd quarter. Millennium Management LLC now owns 367,251 shares of the company's stock valued at $20,988,000 after buying an additional 190,584 shares during the last quarter. M&G Plc purchased a new position in Axos Financial in the 1st quarter valued at about $8,249,000. Epoch Investment Partners Inc. purchased a new position in Axos Financial in the 1st quarter valued at about $7,829,000. Finally, Wellington Management Group LLP boosted its position in Axos Financial by 162.7% in the 4th quarter. Wellington Management Group LLP now owns 214,950 shares of the company's stock valued at $11,736,000 after buying an additional 133,113 shares during the last quarter. 83.79% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, EVP Andrew J. Micheletti sold 5,197 shares of the stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $63.13, for a total transaction of $328,086.61. Following the sale, the executive vice president now owns 424,149 shares in the company, valued at $26,776,526.37. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 4.82% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on AX shares. Piper Sandler upped their price objective on shares of Axos Financial from $68.00 to $84.00 and gave the company an "overweight" rating in a research report on Wednesday, July 31st. Keefe, Bruyette & Woods cut shares of Axos Financial from an "outperform" rating to a "market perform" rating and set a $79.00 price objective for the company. in a research report on Wednesday, July 31st. Wedbush cut their target price on shares of Axos Financial from $80.00 to $75.00 and set a "neutral" rating on the stock in a research note on Tuesday, September 24th. Raymond James upped their target price on shares of Axos Financial from $67.00 to $81.00 and gave the company an "outperform" rating in a research note on Wednesday, July 31st. Finally, Needham & Company LLC initiated coverage on shares of Axos Financial in a research note on Friday, October 11th. They issued a "buy" rating and a $82.00 target price on the stock. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $80.20.

Axos Financial Stock Up 1.5 %

Shares of Axos Financial stock traded up $1.00 during trading on Thursday, reaching $66.64. The company had a trading volume of 416,085 shares, compared to its average volume of 579,466. The company has a market cap of $3.80 billion, a price-to-earnings ratio of 8.97 and a beta of 1.39. Axos Financial, Inc. has a fifty-two week low of $32.05 and a fifty-two week high of $79.15. The firm's fifty day moving average is $64.64 and its 200-day moving average is $60.77. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.08 and a current ratio of 1.08.

Axos Financial (NYSE:AX - Get Free Report) last released its quarterly earnings data on Tuesday, July 30th. The company reported $1.80 earnings per share for the quarter, hitting the consensus estimate of $1.80. The firm had revenue of $484.29 million for the quarter, compared to analyst estimates of $296.02 million. Axos Financial had a net margin of 23.96% and a return on equity of 18.57%. During the same quarter in the prior year, the business earned $1.50 earnings per share. On average, analysts anticipate that Axos Financial, Inc. will post 7.12 EPS for the current year.

Axos Financial Company 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.