Western Wealth Management LLC Acquires New Holdings in Axos Financial, Inc $AX

Western Wealth Management LLC bought a new position in Axos Financial, Inc (NYSE:AX) during the 1st quarter, Holdings Channel reports. The institutional investor bought 4,854 shares of the company’s stock, valued at approximately $413,000.

Other large investors have also added to or reduced their stakes in the company. State Street Corp raised its stake in Axos Financial by 0.5% during the 4th quarter. State Street Corp now owns 2,696,323 shares of the company’s stock valued at $232,315,000 after buying an additional 13,669 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Axos Financial by 0.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,177,003 shares of the company’s stock valued at $185,234,000 after buying an additional 7,509 shares during the period. Geode Capital Management LLC boosted its stake in shares of Axos Financial by 3.6% in the 4th quarter. Geode Capital Management LLC now owns 1,775,539 shares of the company’s stock worth $154,687,000 after buying an additional 62,269 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in shares of Axos Financial by 8.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 740,652 shares of the company’s stock worth $56,319,000 after buying an additional 58,774 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Axos Financial by 7.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 721,572 shares of the company’s stock worth $62,171,000 after acquiring an additional 52,250 shares during the period. Institutional investors own 83.79% of the company’s stock.

Analyst Upgrades and Downgrades

AX has been the subject of a number of research reports. Benchmark initiated coverage on Axos Financial in a research report on Wednesday, July 8th. They set a “buy” rating and a $115.00 price objective for the company. Zacks Research cut Axos Financial from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 8th. Weiss Ratings upgraded Axos Financial from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, July 1st. Keefe, Bruyette & Woods upped their price target on shares of Axos Financial from $105.00 to $110.00 and gave the company a “market perform” 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. Two analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $114.83.

Axos Financial Trading Up 1.2%

Shares of Axos Financial stock opened at $104.90 on Wednesday. Axos Financial, Inc has a 1-year low of $74.89 and a 1-year high of $105.74. The company’s fifty day simple moving average is $94.09 and its 200-day simple moving average is $92.03. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.04 and a quick ratio of 1.04. The stock has a market capitalization of $5.97 billion, a PE ratio of 12.38 and a beta of 1.22.

Insider Buying and Selling at Axos Financial

In other Axos Financial news, EVP Michael James Watson sold 1,653 shares of the business’s stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $83.77, for a total transaction of $138,471.81. Following the completion of the sale, the executive vice president owned 4,592 shares of the company’s stock, valued at approximately $384,671.84. The trade was a 26.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Roque A. Santi sold 500 shares of the company’s stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $87.77, for a total value of $43,885.00. Following the completion of the sale, the director owned 7,646 shares of the company’s stock, valued at approximately $671,089.42. The trade was a 6.14% decrease in their position. The SEC filing for this sale provides additional information. 4.85% of the stock is currently owned by insiders.

Axos Financial Company Profile

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.