4,800 Shares in Axos Financial, Inc. (NYSE:AX) Purchased by Western Wealth Management LLC

Western Wealth Management LLC bought a new position in shares of Axos Financial, Inc. (NYSE:AX - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The fund bought 4,800 shares of the company's stock, valued at approximately $335,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Barclays PLC grew its position in shares of Axos Financial by 32.6% during the 3rd quarter. Barclays PLC now owns 142,715 shares of the company's stock valued at $8,974,000 after acquiring an additional 35,087 shares during the period. Dakota Wealth Management purchased a new position in shares of Axos Financial during the 4th quarter valued at $200,000. Avior Wealth Management LLC grew its stake in shares of Axos Financial by 83.5% during the 4th quarter. Avior Wealth Management LLC now owns 1,486 shares of the company's stock worth $104,000 after acquiring an additional 676 shares during the period. Inspire Investing LLC increased its holdings in Axos Financial by 12.3% in the 4th quarter. Inspire Investing LLC now owns 14,223 shares of the company's stock worth $994,000 after acquiring an additional 1,561 shares during the last quarter. Finally, Exchange Traded Concepts LLC raised its stake in Axos Financial by 5.5% in the 4th quarter. Exchange Traded Concepts LLC now owns 15,621 shares of the company's stock valued at $1,091,000 after acquiring an additional 820 shares during the period. 83.79% of the stock is owned by hedge funds and other institutional investors.

Axos Financial Stock Down 0.2%

Shares of NYSE AX traded down $0.14 on Thursday, reaching $70.10. 57,156 shares of the company's stock traded hands, compared to its average volume of 511,996. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.20. The business's 50 day simple moving average is $64.81 and its two-hundred day simple moving average is $69.73. Axos Financial, Inc. has a 12 month low of $44.10 and a 12 month high of $88.46. The company has a market cap of $3.95 billion, a price-to-earnings ratio of 9.42 and a beta of 1.25.

Axos Financial (NYSE:AX - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The company reported $1.81 earnings per share for the quarter, topping analysts' consensus estimates of $1.74 by $0.07. Axos Financial had a net margin of 22.10% and a return on equity of 18.67%. The company had revenue of $432.72 million during the quarter, compared to analyst estimates of $305.04 million. During the same period in the previous year, the business earned $1.91 EPS. As a group, equities research analysts forecast that Axos Financial, Inc. will post 7.22 EPS for the current fiscal year.

Axos Financial announced that its Board of Directors has initiated a stock buyback program on Monday, May 12th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the company to repurchase up to 2.5% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company's management believes its stock is undervalued.

Insider Transactions at Axos Financial

In related news, Director Sara Wardell-Smith purchased 3,000 shares of Axos Financial stock in a transaction dated Tuesday, March 4th. The stock was purchased at an average cost of $64.73 per share, for a total transaction of $194,190.00. Following the completion of the purchase, the director now directly owns 10,250 shares of the company's stock, valued at $663,482.50. The trade was a 41.38% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Paul Grinberg sold 30,000 shares of the business's stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $68.09, for a total transaction of $2,042,700.00. Following the transaction, the director now directly owns 113,295 shares of the company's stock, valued at $7,714,256.55. The trade was a 20.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 5.07% of the company's stock.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Keefe, Bruyette & Woods lowered their price target on shares of Axos Financial from $91.00 to $90.00 and set a "market perform" rating on the stock in a research report on Wednesday, January 29th. Needham & Company LLC reissued a "buy" rating and set a $88.00 target price on shares of Axos Financial in a report on Thursday, May 1st. DA Davidson cut their price target on Axos Financial from $88.00 to $84.00 and set a "buy" rating for the company in a report on Thursday, May 1st. Jefferies Financial Group began coverage on Axos Financial in a research report on Wednesday, May 21st. They set a "buy" rating and a $90.00 price target on the stock. Finally, Piper Sandler cut their price objective on shares of Axos Financial from $84.00 to $80.00 and set an "overweight" rating for the company in a research report on Thursday, May 1st. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $82.71.

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.