Insider Selling: Axos Financial (NYSE:AX) Director Sells 500 Shares of Stock

Axos Financial, Inc (NYSE:AX) Director Roque Santi sold 500 shares of the business’s stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $87.77, for a total transaction of $43,885.00. Following the completion of the transaction, the director directly owned 7,646 shares of the company’s stock, valued at approximately $671,089.42. This represents a 6.14% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Axos Financial Trading Down 0.7%

Shares of NYSE:AX traded down $0.57 during trading on Tuesday, reaching $84.92. The stock had a trading volume of 133,522 shares, compared to its average volume of 407,001. The business has a fifty day moving average price of $89.20 and a 200-day moving average price of $88.39. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.38. The stock has a market cap of $4.83 billion, a P/E ratio of 10.31 and a beta of 1.30. Axos Financial, Inc has a fifty-two week low of $67.50 and a fifty-two week high of $101.92.

Axos Financial (NYSE:AX) last posted its quarterly earnings data on Thursday, April 30th. The company reported $1.90 earnings per share for the quarter, missing analysts’ consensus estimates of $2.13 by ($0.23). The firm had revenue of $392.25 million during the quarter, compared to analyst estimates of $372.51 million. Axos Financial had a net margin of 22.53% and a return on equity of 16.48%. During the same period in the prior year, the firm earned $1.81 EPS. As a group, analysts anticipate that Axos Financial, Inc will post 8.57 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on AX. DA Davidson increased their price target on shares of Axos Financial from $107.50 to $112.00 and gave the stock a “buy” rating in a research note on Friday, January 30th. Keefe, Bruyette & Woods increased their price target on shares of Axos Financial from $100.00 to $110.00 and gave the stock a “market perform” rating in a research note on Friday, January 30th. Zacks Research downgraded shares of Axos Financial from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 8th. Jefferies Financial Group increased their price target on shares of Axos Financial from $110.00 to $115.00 and gave the stock a “buy” rating in a research note on Friday, January 30th. Finally, Weiss Ratings raised shares of Axos Financial from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $109.40.

Institutional Investors Weigh In On Axos Financial

Several large investors have recently made changes to their positions in the business. State Street Corp increased its position in shares of Axos Financial by 0.5% in the fourth quarter. State Street Corp now owns 2,696,323 shares of the company’s stock worth $232,315,000 after acquiring an additional 13,669 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of Axos Financial by 1.5% in the third quarter. American Century Companies Inc. now owns 2,413,512 shares of the company’s stock valued at $204,304,000 after purchasing an additional 35,391 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Axos Financial by 0.3% in the first quarter. Dimensional Fund Advisors LP now owns 2,177,003 shares of the company’s stock valued at $185,234,000 after purchasing 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 fourth quarter. Geode Capital Management LLC now owns 1,775,539 shares of the company’s stock valued at $154,687,000 after purchasing an additional 62,269 shares during the period. Finally, Ameriprise Financial Inc. boosted its stake in shares of Axos Financial by 8.6% in the second quarter. Ameriprise Financial Inc. now owns 740,652 shares of the company’s stock valued at $56,319,000 after purchasing an additional 58,774 shares during the period. Institutional investors and hedge funds own 83.79% of the company’s stock.

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.