Insider Selling: Axos Financial (NYSE:AX) Director Sells 11,163 Shares of Stock

Axos Financial, Inc (NYSE:AX) Director James John Court sold 11,163 shares of the company’s stock in a transaction on Friday, February 6th. The shares were sold at an average price of $101.01, for a total value of $1,127,574.63. Following the completion of the sale, the director owned 32,169 shares in the company, valued at $3,249,390.69. This trade represents a 25.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Axos Financial Price Performance

Shares of NYSE:AX traded up $2.98 on Friday, hitting $101.24. The stock had a trading volume of 510,973 shares, compared to its average volume of 412,471. The firm’s 50 day moving average price is $89.90 and its 200-day moving average price is $86.47. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.08 and a current ratio of 1.08. Axos Financial, Inc has a twelve month low of $54.46 and a twelve month high of $101.70. The company has a market capitalization of $5.74 billion, a price-to-earnings ratio of 12.83 and a beta of 1.27.

Axos Financial (NYSE:AX) last announced its earnings results on Thursday, January 29th. The company reported $2.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.07 by $0.18. The business had revenue of $385.09 million during the quarter, compared to analysts’ expectations of $345.89 million. Axos Financial had a net margin of 22.66% and a return on equity of 16.98%. The firm’s revenue for the quarter was up 25.1% on a year-over-year basis. During the same quarter last year, the company posted $1.82 EPS. On average, equities research analysts predict that Axos Financial, Inc will post 7.22 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on AX shares. Zacks Research raised Axos Financial from a “hold” rating to a “strong-buy” rating in a report on Monday. Jefferies Financial Group increased their target price on Axos Financial from $110.00 to $115.00 and gave the stock a “buy” rating in a report on Friday, January 30th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Axos Financial in a report on Monday, December 29th. Keefe, Bruyette & Woods upped 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 report on Friday, January 30th. Finally, DA Davidson raised their price objective on shares of Axos Financial from $107.50 to $112.00 and gave the company a “buy” rating in a research report on Friday, January 30th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $104.50.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. American Century Companies Inc. grew its position in shares of Axos Financial by 1.5% during the 3rd quarter. American Century Companies Inc. now owns 2,413,512 shares of the company’s stock worth $204,304,000 after buying an additional 35,391 shares during the period. Ameriprise Financial Inc. boosted its stake in 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 acquiring an additional 58,774 shares during the last quarter. Geneva Capital Management LLC grew its holdings 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 acquiring an additional 42,126 shares during the period. Northern Trust Corp raised its position in shares of Axos Financial by 1.5% during the 3rd quarter. Northern Trust Corp now owns 689,760 shares of the company’s stock valued at $58,388,000 after acquiring an additional 10,097 shares during the last quarter. Finally, Emerald Advisers LLC lifted its stake in shares of Axos Financial by 3.7% in the 2nd quarter. Emerald Advisers LLC now owns 553,591 shares of the company’s stock valued at $42,095,000 after purchasing an additional 20,005 shares during the period. Institutional investors 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.