Axos Financial Sees Unusually Large Options Volume (NYSE:AX)

Axos Financial, Inc. (NYSE:AX) was the target of unusually large options trading on Monday. Stock investors purchased 3,292 put options on the company. This is an increase of 270% compared to the average daily volume of 890 put options.

Axos Financial Trading Up 0.3 %

Shares of AX opened at $62.71 on Wednesday. Axos Financial has a fifty-two week low of $32.05 and a fifty-two week high of $79.15. The stock has a fifty day moving average of $61.63 and a two-hundred day moving average of $56.38. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.07 and a current ratio of 1.08. The company has a market capitalization of $3.57 billion, a PE ratio of 8.51 and a beta of 1.43.

Axos Financial (NYSE:AX) last posted its quarterly earnings data on Tuesday, July 30th. The company reported $1.80 EPS for the quarter, meeting analysts’ consensus estimates of $1.80. The company had revenue of $484.29 million during the quarter, compared to the consensus estimate of $296.02 million. Axos Financial had a net margin of 23.96% and a return on equity of 18.57%. During the same quarter in the prior year, the company posted $1.50 EPS. As a group, analysts forecast that Axos Financial will post 7.25 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently commented on AX shares. 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. Keefe, Bruyette & Woods downgraded shares of Axos Financial from an “outperform” rating to a “market perform” rating and set a $79.00 price target for the company. in a research report on Wednesday, July 31st. Raymond James upped their price target on Axos Financial from $67.00 to $81.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. Finally, Wedbush lifted their price objective on Axos Financial from $60.00 to $80.00 and gave the stock a “neutral” rating in a report on Wednesday, July 31st. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Axos Financial currently has an average rating of “Hold” and an average target price of $81.00.

Institutional Investors Weigh In On Axos Financial

Several institutional investors and hedge funds have recently added to or reduced their stakes in AX. Arizona State Retirement System increased its position in shares of Axos Financial by 3.5% in the fourth quarter. Arizona State Retirement System now owns 15,686 shares of the company’s stock worth $856,000 after acquiring an additional 537 shares in the last quarter. DekaBank Deutsche Girozentrale increased its holdings in Axos Financial by 56.9% in the 4th quarter. DekaBank Deutsche Girozentrale now owns 23,182 shares of the company’s stock valued at $1,306,000 after purchasing an additional 8,405 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in Axos Financial by 2.2% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 25,898 shares of the company’s stock valued at $1,414,000 after purchasing an additional 558 shares during the period. Cerity Partners LLC acquired a new position in shares of Axos Financial during the fourth quarter worth about $260,000. Finally, Louisiana State Employees Retirement System purchased a new stake in shares of Axos Financial in the fourth quarter worth about $1,403,000. 83.79% of the stock is currently owned by institutional investors and hedge funds.

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.