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 company’s stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $101.01, for a total value of $1,127,574.63. Following the sale, the director directly owned 32,169 shares of the company’s stock, valued at $3,249,390.69. The trade was a 25.76% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Axos Financial Stock Performance

Shares of NYSE:AX traded up $2.98 during trading on Friday, reaching $101.24. The stock had a trading volume of 510,973 shares, compared to its average volume of 412,471. The stock has a fifty day simple moving average of $89.90 and a two-hundred day simple moving average of $86.47. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.40. Axos Financial, Inc has a 52 week low of $54.46 and a 52 week high of $101.70. The firm has a market capitalization of $5.74 billion, a price-to-earnings ratio of 12.83 and a beta of 1.27.

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

Hedge Funds Weigh In On Axos Financial

Hedge funds have recently made changes to their positions in the business. Salomon & Ludwin LLC acquired a new stake in shares of Axos Financial during the 3rd quarter valued at about $26,000. Bessemer Group Inc. lifted its stake in Axos Financial by 59.6% during the third quarter. Bessemer Group Inc. now owns 348 shares of the company’s stock worth $29,000 after purchasing an additional 130 shares during the period. Brown Brothers Harriman & Co. acquired a new stake in Axos Financial during the third quarter valued at approximately $29,000. True Wealth Design LLC boosted its holdings in Axos Financial by 120.9% during the second quarter. True Wealth Design LLC now owns 433 shares of the company’s stock valued at $33,000 after purchasing an additional 237 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its stake in shares of Axos Financial by 294.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 446 shares of the company’s stock valued at $34,000 after purchasing an additional 333 shares during the period. Institutional investors and hedge funds own 83.79% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on AX. 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 note on Friday, January 30th. Zacks Research upgraded Axos Financial from a “hold” rating to a “strong-buy” rating in a report on Monday. Jefferies Financial Group raised their price objective on shares of Axos Financial from $110.00 to $115.00 and gave the stock a “buy” rating in a research note on Friday, January 30th. Keefe, Bruyette & Woods boosted their target price on shares of Axos Financial from $100.00 to $110.00 and gave the stock a “market perform” rating in a research report on Friday, January 30th. Finally, DA Davidson increased their price target on shares of Axos Financial from $107.50 to $112.00 and gave the company a “buy” rating in a report on Friday, January 30th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Axos Financial has an average rating of “Buy” and an average target price 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.