Axos Financial, Inc. (NYSE:AX) EVP Andrew J. Micheletti Sells 5,197 Shares

Axos Financial, Inc. (NYSE:AX) EVP Andrew J. Micheletti sold 5,197 shares of the business’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $63.13, for a total transaction of $328,086.61. Following the sale, the executive vice president now directly owns 424,149 shares of the company’s stock, valued at $26,776,526.37. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Axos Financial Stock Performance

Shares of NYSE:AX traded down $0.90 during trading on Wednesday, reaching $61.43. 460,869 shares of the company’s stock traded hands, compared to its average volume of 598,299. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.08 and a quick ratio of 1.08. Axos Financial, Inc. has a 12 month low of $32.05 and a 12 month high of $79.15. The company has a 50 day moving average of $66.39 and a 200-day moving average of $58.17. The stock has a market capitalization of $3.50 billion, a P/E ratio of 8.34 and a beta of 1.40.

Axos Financial (NYSE:AX) last announced its quarterly earnings data on Tuesday, July 30th. The company reported $1.80 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.80. Axos Financial had a net margin of 23.96% and a return on equity of 18.57%. The business had revenue of $484.29 million during the quarter, compared to the consensus estimate of $296.02 million. During the same quarter in the prior year, the firm earned $1.50 EPS. On average, equities analysts expect that Axos Financial, Inc. will post 7.22 EPS for the current year.

Analysts Set New Price Targets

AX has been the topic of several recent research reports. Wedbush lifted their target price on shares of Axos Financial from $60.00 to $80.00 and gave the company a “neutral” rating in a report on Wednesday, July 31st. Piper Sandler boosted their price objective on shares of Axos Financial from $68.00 to $84.00 and gave the stock an “overweight” rating in a report on Wednesday, July 31st. Raymond James boosted their target price on shares of Axos Financial from $67.00 to $81.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. Finally, Keefe, Bruyette & Woods downgraded shares of Axos Financial from an “outperform” rating to a “market perform” rating and set a $79.00 target price for the company. in a research report on Wednesday, July 31st. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $81.00.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of AX. Goldman Sachs Group Inc. grew its position in Axos Financial by 114.1% in the 4th quarter. Goldman Sachs Group Inc. now owns 795,381 shares of the company’s stock worth $43,428,000 after purchasing an additional 423,930 shares during the last quarter. Norges Bank bought a new position in Axos Financial in the 4th quarter worth about $21,573,000. American Century Companies Inc. grew its position in Axos Financial by 26.2% in the 2nd quarter. American Century Companies Inc. now owns 1,549,748 shares of the company’s stock worth $88,568,000 after purchasing an additional 321,494 shares during the last quarter. Cubist Systematic Strategies LLC lifted its stake in shares of Axos Financial by 167.9% in the 4th quarter. Cubist Systematic Strategies LLC now owns 369,759 shares of the company’s stock worth $20,189,000 after acquiring an additional 231,722 shares during the period. Finally, Millennium Management LLC lifted its stake in shares of Axos Financial by 107.9% in the 2nd quarter. Millennium Management LLC now owns 367,251 shares of the company’s stock worth $20,988,000 after acquiring an additional 190,584 shares during the period. Institutional investors own 83.79% of the company’s stock.

Axos Financial Company Profile

Axos Financial, Inc, together with its subsidiaries, provides consumer and business banking products in the United States. It operates through two segments, Banking Business and Securities Business. The company offers deposits products, including consumer and business checking, demand, savings, time deposit, money market, zero balance, and insured cash sweep accounts.