Insider Selling: Axos Financial (NYSE:AX) Director Sells $52,650.00 in Stock

Axos Financial, Inc (NYSE:AX) Director Roque Santi sold 500 shares of the firm’s stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $105.30, for a total value of $52,650.00. Following the sale, the director owned 7,146 shares of the company’s stock, valued at $752,473.80. This represents a 6.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Axos Financial Stock Up 0.1%

Shares of NYSE AX opened at $100.18 on Monday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.04 and a current ratio of 1.04. Axos Financial, Inc has a 1 year low of $74.89 and a 1 year high of $105.74. The stock’s 50-day simple moving average is $94.99 and its 200-day simple moving average is $92.19. The firm has a market cap of $5.70 billion, a price-to-earnings ratio of 11.83 and a beta of 1.22.

Hedge Funds Weigh In On Axos Financial

A number of large investors have recently bought and sold shares of the business. BlackRock Inc. acquired a new stake in shares of Axos Financial during the 2nd quarter worth approximately $817,051,000. Bank of New York Mellon Corp acquired a new position in Axos Financial during the 2nd quarter valued at approximately $36,816,000. Franklin Resources Inc. boosted its position in Axos Financial by 198.0% during the 3rd quarter. Franklin Resources Inc. now owns 414,178 shares of the company’s stock valued at $35,060,000 after purchasing an additional 275,191 shares during the period. Goldman Sachs Group Inc. grew its stake in Axos Financial by 56.2% during the 4th quarter. Goldman Sachs Group Inc. now owns 371,086 shares of the company’s stock worth $31,973,000 after buying an additional 133,529 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its stake in Axos Financial by 38.2% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 432,739 shares of the company’s stock worth $37,203,000 after buying an additional 119,523 shares during the last quarter. Institutional investors own 83.79% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Needham & Company LLC upped their target price on shares of Axos Financial from $110.00 to $128.00 and gave the company a “buy” rating in a research note on Friday, July 31st. Weiss Ratings raised Axos Financial from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, July 1st. DA Davidson set a $121.00 price objective on Axos Financial in a research note on Friday, July 31st. Benchmark initiated coverage on Axos Financial in a report on Wednesday, July 8th. They set a “buy” rating and a $115.00 target price on the stock. Finally, Keefe, Bruyette & Woods boosted their price target on Axos Financial from $105.00 to $110.00 and gave the company a “market perform” rating in a report on Friday, July 31st. Two equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $114.83.

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.