Axos Financial (NYSE:AX) Director Sells $43,885.00 in Stock

Axos Financial, Inc (NYSE:AX) Director Roque Santi sold 500 shares of the stock in a transaction 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 transaction, the director owned 7,646 shares in the company, valued at $671,089.42. This trade represents a 6.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Axos Financial Stock Down 0.7%

NYSE AX traded down $0.57 during trading hours on Tuesday, reaching $84.92. 133,522 shares of the company traded hands, compared to its average volume of 407,001. Axos Financial, Inc has a 12 month low of $67.50 and a 12 month high of $101.92. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.38. The stock has a market capitalization of $4.83 billion, a PE ratio of 10.31 and a beta of 1.30. The company has a 50 day moving average of $89.20 and a two-hundred day moving average of $88.39.

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

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on AX shares. Zacks Research downgraded shares of Axos Financial from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 8th. Keefe, Bruyette & Woods raised 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. Raymond James Financial upgraded shares of Axos Financial from an “outperform” rating to a “strong-buy” rating and reduced their price target for the stock from $110.00 to $100.00 in a research report on Tuesday, April 7th. Jefferies Financial Group raised their price target on shares of Axos Financial from $110.00 to $115.00 and gave the stock a “buy” rating in a research report on Friday, January 30th. Finally, DA Davidson raised their price target on shares of Axos Financial from $107.50 to $112.00 and gave the stock a “buy” rating in a research report on Friday, January 30th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $109.40.

Institutional Trading of Axos Financial

Several hedge funds have recently bought and sold shares of the company. WCM Investment Management LLC lifted its position in Axos Financial by 36.3% in the 1st quarter. WCM Investment Management LLC now owns 95,366 shares of the company’s stock valued at $7,904,000 after purchasing an additional 25,395 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Axos Financial by 0.3% in the 1st 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 last quarter. KBC Group NV lifted its position in Axos Financial by 24.6% in the 1st quarter. KBC Group NV now owns 1,983 shares of the company’s stock valued at $169,000 after purchasing an additional 391 shares during the last quarter. Swiss National Bank increased its stake in Axos Financial by 0.4% during the 1st quarter. Swiss National Bank now owns 106,400 shares of the company’s stock valued at $9,054,000 after buying an additional 400 shares during the period. Finally, Bessemer Group Inc. increased its stake in Axos Financial by 30.3% during the 1st quarter. Bessemer Group Inc. now owns 84,354 shares of the company’s stock valued at $7,178,000 after buying an additional 19,637 shares during the period. 83.79% of the stock is currently owned by institutional investors.

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.