Axos Financial (NYSE:AX) EVP Sells $490,463.66 in Stock

Axos Financial, Inc (NYSE:AX) EVP Derrick Walsh sold 4,846 shares of the business’s stock in a transaction on Friday, February 6th. The stock was sold at an average price of $101.21, for a total value of $490,463.66. Following the transaction, the executive vice president directly owned 37,936 shares of the company’s stock, valued at $3,839,502.56. The trade was a 11.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Axos Financial Stock Up 3.0%

AX stock traded up $2.98 during mid-day trading on Friday, reaching $101.24. The company had a trading volume of 510,973 shares, compared to its average volume of 412,471. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.08 and a current ratio of 1.08. The company has a market capitalization of $5.74 billion, a price-to-earnings ratio of 12.83 and a beta of 1.27. The firm has a fifty day simple moving average of $89.90 and a 200 day simple moving average of $86.47. Axos Financial, Inc has a fifty-two week low of $54.46 and a fifty-two week high of $101.70.

Axos Financial (NYSE:AX) last released its earnings results on Thursday, January 29th. The company reported $2.25 earnings per share for the quarter, topping analysts’ consensus estimates of $2.07 by $0.18. The firm had revenue of $385.09 million for the quarter, compared to analyst estimates of $345.89 million. Axos Financial had a net margin of 22.66% and a return on equity of 16.98%. The business’s quarterly revenue was up 25.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.82 earnings per share. Analysts forecast that Axos Financial, Inc will post 7.22 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Axos Financial

Several large investors have recently modified their holdings of the company. American Century Companies Inc. grew its position in shares of Axos Financial by 1.5% during the third quarter. American Century Companies Inc. now owns 2,413,512 shares of the company’s stock worth $204,304,000 after acquiring an additional 35,391 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in Axos Financial by 8.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 740,652 shares of the company’s stock worth $56,319,000 after purchasing an additional 58,774 shares during the period. Geneva Capital Management LLC grew its position in Axos Financial by 6.0% during the 2nd quarter. Geneva Capital Management LLC now owns 739,374 shares of the company’s stock worth $56,222,000 after purchasing an additional 42,126 shares during the last quarter. Northern Trust Corp grew its position in Axos Financial by 1.5% during the 3rd quarter. Northern Trust Corp now owns 689,760 shares of the company’s stock worth $58,388,000 after purchasing an additional 10,097 shares during the last quarter. Finally, Emerald Advisers LLC raised its holdings in shares of Axos Financial by 3.7% in the second quarter. Emerald Advisers LLC now owns 553,591 shares of the company’s stock valued at $42,095,000 after buying an additional 20,005 shares during the last quarter. 83.79% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently commented on AX shares. Jefferies Financial Group boosted their target price 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. Keefe, Bruyette & Woods upped their price objective on Axos Financial from $100.00 to $110.00 and gave the stock a “market perform” rating in a research report on Friday, January 30th. DA Davidson raised their target price on Axos Financial from $107.50 to $112.00 and gave the stock a “buy” rating in a research report on Friday, January 30th. Needham & Company LLC boosted their target price on Axos Financial from $107.00 to $110.00 and gave the stock a “buy” rating in a research note on Friday, January 30th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Axos Financial in a research note on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, Axos Financial currently has a consensus rating of “Buy” and an average price target of $104.50.

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.