Axos Financial (NYSE:AX) EVP Derrick Walsh Sells 4,846 Shares

Axos Financial, Inc (NYSE:AX) EVP Derrick Walsh sold 4,846 shares of the company’s stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $101.21, for a total value of $490,463.66. Following the completion of the transaction, the executive vice president directly owned 37,936 shares of the company’s stock, valued at $3,839,502.56. The trade was a 11.33% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Axos Financial Price Performance

NYSE:AX traded up $2.98 during trading hours on Friday, reaching $101.24. 510,973 shares of the company were exchanged, compared to its average volume of 412,471. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.40. The firm has a market cap of $5.74 billion, a PE 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. The stock’s 50-day moving average is $89.90 and its 200-day moving average is $86.47.

Axos Financial (NYSE:AX) last released its 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. 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 the consensus estimate of $345.89 million. During the same quarter last year, the business posted $1.82 earnings per share. The business’s quarterly revenue was up 25.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Axos Financial, Inc will post 7.22 earnings per share for the current fiscal year.

Analysts Set New Price Targets

AX has been the subject of several recent analyst reports. Weiss Ratings restated a “buy (b)” rating on shares of Axos Financial in a research report on Monday, December 29th. Zacks Research upgraded shares of Axos Financial from a “hold” rating to a “strong-buy” rating in a report on Monday. Keefe, Bruyette & Woods upped their price objective on Axos Financial from $100.00 to $110.00 and gave the company a “market perform” rating in a report on Friday, January 30th. Needham & Company LLC raised their target price on Axos Financial from $107.00 to $110.00 and gave the stock a “buy” rating in a research note on Friday, January 30th. Finally, Jefferies Financial Group lifted their target price on Axos Financial from $110.00 to $115.00 and gave the company a “buy” rating in a research report on Friday, January 30th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $104.50.

Institutional Trading of Axos Financial

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Salomon & Ludwin LLC purchased a new position in shares of Axos Financial in the third quarter valued at approximately $26,000. Bessemer Group Inc. increased its stake in 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 during the period. Brown Brothers Harriman & Co. acquired a new stake in Axos Financial during the 3rd quarter worth approximately $29,000. True Wealth Design LLC boosted its position in Axos Financial by 120.9% in the 2nd quarter. True Wealth Design LLC now owns 433 shares of the company’s stock valued at $33,000 after buying an additional 237 shares during the period. Finally, EverSource Wealth Advisors LLC grew its stake in shares of Axos Financial by 294.7% in the second quarter. EverSource Wealth Advisors LLC now owns 446 shares of the company’s stock worth $34,000 after acquiring an additional 333 shares in the last quarter. 83.79% of the stock is currently owned by hedge funds and other 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.