Dakota Wealth Management Purchases Shares of 2,867 Axos Financial, Inc. (NYSE:AX)

Dakota Wealth Management purchased a new stake in Axos Financial, Inc. (NYSE:AX) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,867 shares of the company’s stock, valued at approximately $200,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AX. Argent Capital Management LLC increased its position in shares of Axos Financial by 15.1% during the fourth quarter. Argent Capital Management LLC now owns 39,181 shares of the company’s stock worth $2,737,000 after buying an additional 5,142 shares during the period. Assenagon Asset Management S.A. acquired a new stake in shares of Axos Financial during the fourth quarter worth $9,849,000. GAMMA Investing LLC increased its position in shares of Axos Financial by 34.2% during the fourth quarter. GAMMA Investing LLC now owns 1,318 shares of the company’s stock worth $92,000 after buying an additional 336 shares during the period. JPMorgan Chase & Co. increased its position in shares of Axos Financial by 12.9% during the third quarter. JPMorgan Chase & Co. now owns 281,658 shares of the company’s stock worth $17,711,000 after buying an additional 32,095 shares during the period. Finally, Principal Financial Group Inc. increased its position in shares of Axos Financial by 27.9% during the third quarter. Principal Financial Group Inc. now owns 320,717 shares of the company’s stock worth $20,167,000 after buying an additional 70,017 shares during the period. 83.79% of the stock is currently owned by institutional investors and hedge funds.

Axos Financial Stock Up 1.2 %

Axos Financial stock opened at $71.80 on Monday. Axos Financial, Inc. has a 1-year low of $44.10 and a 1-year high of $88.46. The firm has a market capitalization of $4.10 billion, a price-to-earnings ratio of 8.69 and a beta of 1.46. The firm’s fifty day moving average price is $75.27 and its two-hundred day moving average price is $70.17. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.17.

Axos Financial (NYSE:AX) last released its quarterly earnings data on Wednesday, October 30th. The company reported $1.96 earnings per share for the quarter, beating 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 firm had revenue of $512.87 million for the quarter, compared to analyst estimates of $299.59 million. During the same period last year, the firm earned $1.41 earnings per share. On average, equities research analysts predict that Axos Financial, Inc. will post 7.07 earnings per share for the current fiscal year.

Insider Buying and Selling at Axos Financial

In related news, CEO Gregory Garrabrants sold 125,000 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The shares were 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 directly owns 1,340,377 shares of the company’s stock, valued at $109,763,472.53. This trade represents a 8.53 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Edward James Ratinoff sold 4,002 shares of the firm’s stock in a transaction dated 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 directly owns 46,209 shares in the company, valued at $3,669,456.69. The trade was a 7.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 5.07% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on AX. Keefe, Bruyette & Woods increased their target price on shares of Axos Financial from $74.00 to $91.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th. StockNews.com raised shares of Axos Financial from a “sell” rating to a “hold” rating in a research note on Monday, December 9th. Finally, Needham & Company LLC reissued a “buy” rating and set a $85.00 target price on shares of Axos Financial in a research note on Tuesday, January 21st. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $83.20.

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.