Axos Financial (NYSE:AX) EVP Sells $490,463.66 in Stock

Axos Financial, Inc (NYSE:AX) EVP Derrick Walsh sold 4,846 shares of the firm’s stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $101.21, for a total transaction of $490,463.66. Following the sale, the executive vice president owned 37,936 shares of the company’s stock, valued at approximately $3,839,502.56. This represents a 11.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Axos Financial Trading Up 3.0%

Shares of NYSE AX opened at $101.24 on Monday. The firm’s 50 day moving average price is $90.28 and its 200-day moving average price is $86.60. Axos Financial, Inc has a 52-week low of $54.46 and a 52-week high of $101.70. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.08 and a current ratio of 1.08. The company has a market cap of $5.74 billion, a PE ratio of 12.83 and a beta of 1.27.

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

Institutional Trading of Axos Financial

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

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Keefe, Bruyette & Woods increased their price objective on Axos Financial from $100.00 to $110.00 and gave the company a “market perform” 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. Zacks Research raised shares of Axos Financial from a “hold” rating to a “strong-buy” rating in a report on Monday, February 2nd. Jefferies Financial Group increased their price objective 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. Finally, Needham & Company LLC lifted their target price on shares of Axos Financial from $107.00 to $110.00 and gave the stock a “buy” rating in a research report on Friday, January 30th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus 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.