Axos Financial (NYSE:AX) EVP Sells $138,471.81 in Stock

Axos Financial, Inc (NYSE:AX) EVP Michael James Watson sold 1,653 shares of the company’s stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $83.77, for a total value of $138,471.81. Following the completion of the transaction, the executive vice president directly owned 4,592 shares of the company’s stock, valued at $384,671.84. This represents a 26.47% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Axos Financial Stock Performance

Axos Financial stock opened at $86.10 on Friday. The business has a 50 day moving average of $88.64 and a 200-day moving average of $88.65. Axos Financial, Inc has a 1 year low of $67.50 and a 1 year high of $101.92. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.15 and a quick ratio of 1.15. The company has a market capitalization of $4.90 billion, a P/E ratio of 10.46 and a beta of 1.30.

Axos Financial (NYSE:AX) last released its earnings results on Thursday, April 30th. The company reported $1.90 earnings per share for the quarter, missing analysts’ consensus estimates of $2.13 by ($0.23). The firm had revenue of $392.25 million for the quarter, compared to analyst estimates of $372.51 million. Axos Financial had a net margin of 22.53% and a return on equity of 16.48%. During the same period in the prior year, the company posted $1.81 EPS. On average, equities research analysts predict that Axos Financial, Inc will post 8.57 earnings per share for the current year.

Analyst Upgrades and Downgrades

AX has been the subject of a number of recent analyst reports. Jefferies Financial Group increased their target price on shares of Axos Financial from $110.00 to $115.00 and gave the company a “buy” rating in a research report on Friday, January 30th. DA Davidson increased their target price 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. Needham & Company LLC reissued a “buy” rating and set a $110.00 target price on shares of Axos Financial in a research report on Monday, March 16th. Zacks Research downgraded shares of Axos Financial from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 8th. Finally, Raymond James Financial raised shares of Axos Financial from an “outperform” rating to a “strong-buy” rating and decreased their target price for the company from $110.00 to $100.00 in a research report on Tuesday, April 7th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $109.40.

Hedge Funds Weigh In On Axos Financial

A number of institutional investors and hedge funds have recently modified their holdings of AX. Eurizon Capital SGR S.p.A. bought a new position in shares of Axos Financial during the 4th quarter worth approximately $26,000. Basepoint Wealth LLC bought a new position in shares of Axos Financial during the 4th quarter worth approximately $28,000. Bessemer Group Inc. boosted its holdings in shares of Axos Financial by 59.6% during the 3rd quarter. Bessemer Group Inc. now owns 348 shares of the company’s stock worth $29,000 after buying an additional 130 shares in the last quarter. Brown Brothers Harriman & Co. bought a new position in shares of Axos Financial during the 3rd quarter worth approximately $29,000. Finally, State of Wyoming bought a new position in shares of Axos Financial during the 1st quarter worth approximately $30,000. 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.