Axos Financial (NYSE:AX) Director Sells $1,127,574.63 in 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 value of $1,127,574.63. Following the completion of the transaction, the director owned 32,169 shares of the company’s stock, valued at approximately $3,249,390.69. The trade was a 25.76% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Axos Financial Price Performance

Shares of NYSE AX opened at $101.24 on Monday. The company has a 50 day moving average of $90.28 and a 200 day moving average of $86.60. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.40. The firm has a market cap of $5.74 billion, a P/E ratio of 12.83 and a beta of 1.27. Axos Financial, Inc has a twelve month low of $54.46 and a twelve month high of $101.70.

Axos Financial (NYSE:AX) last announced its earnings results on Thursday, January 29th. The company reported $2.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.07 by $0.18. Axos Financial had a return on equity of 16.98% and a net margin of 22.66%.The business had revenue of $385.09 million for the quarter, compared to analysts’ expectations of $345.89 million. During the same period last year, the firm posted $1.82 earnings per share. The business’s revenue for the quarter was up 25.1% on a year-over-year basis. As a group, research analysts expect that Axos Financial, Inc will post 7.22 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have weighed in on AX. Zacks Research upgraded Axos Financial from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 2nd. 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 report on Friday, January 30th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Axos Financial in a report on Monday, December 29th. Needham & Company LLC increased their target price on Axos Financial from $107.00 to $110.00 and gave the company a “buy” rating in a research report on Friday, January 30th. Finally, Keefe, Bruyette & Woods lifted their price objective on Axos Financial from $100.00 to $110.00 and gave the stock a “market perform” rating in a report on Friday, January 30th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $104.50.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. American Century Companies Inc. increased its stake in Axos Financial by 1.5% during the 3rd quarter. American Century Companies Inc. now owns 2,413,512 shares of the company’s stock worth $204,304,000 after buying an additional 35,391 shares during the period. Ameriprise Financial Inc. lifted its stake in Axos Financial by 8.6% during the second quarter. Ameriprise Financial Inc. now owns 740,652 shares of the company’s stock worth $56,319,000 after purchasing an additional 58,774 shares during the last quarter. Geneva Capital Management LLC lifted its position in shares of Axos Financial by 6.0% during the 2nd quarter. Geneva Capital Management LLC now owns 739,374 shares of the company’s stock worth $56,222,000 after buying an additional 42,126 shares during the last quarter. Northern Trust Corp boosted its stake in Axos Financial by 1.5% in the third quarter. Northern Trust Corp now owns 689,760 shares of the company’s stock valued at $58,388,000 after acquiring an additional 10,097 shares in the last quarter. Finally, Emerald Advisers LLC boosted its position in shares of Axos Financial by 3.7% in the 2nd quarter. Emerald Advisers LLC now owns 553,591 shares of the company’s stock valued at $42,095,000 after purchasing an additional 20,005 shares during the period. 83.79% of the stock is currently owned by institutional investors and hedge funds.

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.