Keebeck Wealth Management Invests $602,000 in Axos Financial, Inc $AX

Keebeck Wealth Management purchased a new stake in shares of Axos Financial, Inc (NYSE:AX) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 6,185 shares of the company’s stock, valued at approximately $602,000.

Several other hedge funds have also made changes to their positions in the company. Cetera Investment Advisers grew its position in Axos Financial by 0.7% during the 4th quarter. Cetera Investment Advisers now owns 16,547 shares of the company’s stock worth $1,426,000 after purchasing an additional 108 shares in the last quarter. Ashton Thomas Private Wealth LLC lifted its holdings in shares of Axos Financial by 3.3% in the fourth quarter. Ashton Thomas Private Wealth LLC now owns 3,495 shares of the company’s stock valued at $301,000 after purchasing an additional 113 shares in the last quarter. Police & Firemen s Retirement System of New Jersey lifted its holdings in shares of Axos Financial by 0.9% in the fourth quarter. Police & Firemen s Retirement System of New Jersey now owns 14,871 shares of the company’s stock valued at $1,281,000 after purchasing an additional 132 shares in the last quarter. Salomon & Ludwin LLC boosted its position in shares of Axos Financial by 43.2% in the fourth quarter. Salomon & Ludwin LLC now owns 441 shares of the company’s stock worth $39,000 after buying an additional 133 shares during the period. Finally, Rockefeller Capital Management L.P. boosted its position in shares of Axos Financial by 7.2% in the fourth quarter. Rockefeller Capital Management L.P. now owns 2,186 shares of the company’s stock worth $188,000 after buying an additional 146 shares during the period. Hedge funds and other institutional investors own 83.79% of the company’s stock.

Analysts Set New Price Targets

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

Insider Buying and Selling

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

Axos Financial Trading Up 0.7%

NYSE AX opened at $96.62 on Friday. Axos Financial, Inc has a 1-year low of $74.89 and a 1-year high of $105.74. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $5.50 billion, a PE ratio of 11.41 and a beta of 1.22. The firm’s fifty day simple moving average is $97.18 and its 200-day simple moving average is $92.52.

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.