Avior Wealth Management LLC Has $104,000 Holdings in Axos Financial, Inc. (NYSE:AX)

Avior Wealth Management LLC boosted its holdings in shares of Axos Financial, Inc. (NYSE:AX) by 83.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,486 shares of the company’s stock after acquiring an additional 676 shares during the quarter. Avior Wealth Management LLC’s holdings in Axos Financial were worth $104,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of AX. Dakota Wealth Management acquired a new stake in shares of Axos Financial during the 4th quarter valued at about $200,000. Argent Capital Management LLC lifted its holdings in shares of Axos Financial by 15.1% during the 4th quarter. Argent Capital Management LLC now owns 39,181 shares of the company’s stock valued at $2,737,000 after buying an additional 5,142 shares during the last quarter. Assenagon Asset Management S.A. acquired a new stake in shares of Axos Financial during the 4th quarter valued at about $9,849,000. GAMMA Investing LLC lifted its holdings in shares of Axos Financial by 34.2% during the 4th quarter. GAMMA Investing LLC now owns 1,318 shares of the company’s stock valued at $92,000 after buying an additional 336 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Axos Financial by 12.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 281,658 shares of the company’s stock valued at $17,711,000 after buying an additional 32,095 shares during the last quarter. 83.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on AX shares. StockNews.com upgraded Axos Financial from a “sell” rating to a “hold” rating in a report on Monday, December 9th. Needham & Company LLC restated a “buy” rating and issued a $85.00 target price on shares of Axos Financial in a report on Tuesday, January 21st. Finally, Keefe, Bruyette & Woods boosted their target price on Axos Financial from $74.00 to $91.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, Axos Financial presently has an average rating of “Moderate Buy” and an average price target of $83.20.

Axos Financial Stock Performance

Shares of NYSE:AX opened at $72.61 on Wednesday. The business’s fifty day moving average price is $74.98 and its two-hundred day moving average price is $70.32. Axos Financial, Inc. has a fifty-two week low of $44.10 and a fifty-two week high of $88.46. The stock has a market capitalization of $4.15 billion, a price-to-earnings ratio of 8.79 and a beta of 1.46. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.08 and a quick ratio of 1.08.

Axos Financial (NYSE:AX) last posted its quarterly earnings data on Tuesday, January 28th. The company reported $1.82 EPS for the quarter, topping analysts’ consensus estimates of $1.75 by $0.07. Axos Financial had a return on equity of 18.99% and a net margin of 24.07%. As a group, analysts predict that Axos Financial, Inc. will post 7.07 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Gregory Garrabrants sold 125,000 shares of the company’s stock in a transaction on Wednesday, November 6th. The stock was 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 owns 1,340,377 shares of the company’s stock, valued at $109,763,472.53. This represents a 8.53 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Edward James Ratinoff sold 4,002 shares of the company’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $79.41, for a total value of $317,798.82. Following the transaction, the director now directly owns 46,209 shares in the company, valued at $3,669,456.69. This trade represents a 7.97 % decrease in their position. The disclosure for this sale can be found here. Insiders own 5.07% of the company’s stock.

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.