Axos Financial (NYSE:AX) Director James John Court Sells 11,163 Shares of Stock

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

Axos Financial Stock Performance

NYSE AX opened at $101.24 on Friday. The company’s 50 day simple moving average is $90.28 and its two-hundred day simple moving average is $86.58. The stock has a market capitalization of $5.74 billion, a PE ratio of 12.83 and a beta of 1.27. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.08 and a quick ratio of 1.08. Axos Financial, Inc has a 1 year low of $54.46 and a 1 year high of $101.70.

Axos Financial (NYSE:AX) last issued its quarterly earnings data 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. Axos Financial had a return on equity of 16.98% and a net margin of 22.66%.The company had revenue of $385.09 million for the quarter, compared to the consensus estimate of $345.89 million. During the same quarter last year, the business posted $1.82 earnings per share. The firm’s revenue was up 25.1% compared to the same quarter last year. Analysts predict that Axos Financial, Inc will post 7.22 earnings per share for the current fiscal year.

Institutional Trading of Axos Financial

Several institutional investors have recently added to or reduced their stakes in the business. Franklin Resources Inc. boosted its holdings 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 acquiring an additional 275,191 shares during the period. American Century Companies Inc. lifted its position in Axos Financial by 10.5% in the second quarter. American Century Companies Inc. now owns 2,378,121 shares of the company’s stock valued at $180,832,000 after purchasing an additional 226,892 shares during the last quarter. Boothbay Fund Management LLC bought a new stake in Axos Financial in the second quarter valued at approximately $9,639,000. Edgestream Partners L.P. boosted its stake in shares of Axos Financial by 199.7% during the second quarter. Edgestream Partners L.P. now owns 165,283 shares of the company’s stock valued at $12,568,000 after purchasing an additional 110,136 shares during the period. Finally, UBS Group AG grew its holdings in shares of Axos Financial by 65.7% in the third quarter. UBS Group AG now owns 267,312 shares of the company’s stock worth $22,628,000 after purchasing an additional 106,003 shares during the last quarter. 83.79% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

AX has been the topic of a number of recent analyst reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Axos Financial in a research note on Monday, December 29th. Keefe, Bruyette & Woods increased their price target on shares of Axos Financial from $100.00 to $110.00 and gave the stock a “market perform” rating in a report on Friday, January 30th. Zacks Research raised shares of Axos Financial from a “hold” rating to a “strong-buy” rating in a report on Monday, February 2nd. DA Davidson increased their target price on Axos Financial from $107.50 to $112.00 and gave the company a “buy” rating in a research note on Friday, January 30th. Finally, Jefferies Financial Group lifted their price target on Axos Financial from $110.00 to $115.00 and gave the stock a “buy” rating in a research note on Friday, January 30th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $104.50.

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.