Axos Financial (NYSE:AX) Director Roque Santi Sells 500 Shares

Axos Financial, Inc (NYSE:AX) Director Roque Santi sold 500 shares of the company’s stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $105.30, for a total value of $52,650.00. Following the transaction, the director owned 7,146 shares of the company’s stock, valued at approximately $752,473.80. The trade was a 6.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Axos Financial Stock Performance

AX stock opened at $100.18 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.04 and a current ratio of 1.04. The stock has a market capitalization of $5.70 billion, a price-to-earnings ratio of 11.83 and a beta of 1.22. Axos Financial, Inc has a 1 year low of $74.89 and a 1 year high of $105.74. The stock’s fifty day moving average is $94.99 and its two-hundred day moving average is $92.21.

Institutional Investors Weigh In On Axos Financial

Several institutional investors have recently bought and sold shares of AX. Royal Bank of Canada raised its position in shares of Axos Financial by 0.9% during the 1st quarter. Royal Bank of Canada now owns 108,986 shares of the company’s stock worth $7,031,000 after buying an additional 1,015 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Axos Financial by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 32,539 shares of the company’s stock valued at $2,099,000 after acquiring an additional 1,429 shares in the last quarter. United Services Automobile Association bought a new position in shares of Axos Financial in the first quarter valued at approximately $212,000. Cetera Investment Advisers increased its stake in shares of Axos Financial by 1.8% during the second quarter. Cetera Investment Advisers now owns 8,197 shares of the company’s stock valued at $623,000 after acquiring an additional 141 shares during the period. Finally, Arrowstreet Capital Limited Partnership acquired a new position in shares of Axos Financial during the second quarter valued at approximately $6,252,000. Institutional investors and hedge funds own 83.79% of the company’s stock.

Analysts Set New Price Targets

AX has been the subject of a number of analyst reports. DA Davidson set a $121.00 target price on shares of Axos Financial in a research note on Friday, July 31st. Weiss Ratings upgraded shares of Axos Financial from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, July 1st. Keefe, Bruyette & Woods lifted their price target on Axos Financial from $105.00 to $110.00 and gave the company a “market perform” rating in a report on Friday, July 31st. Benchmark started coverage on Axos Financial in a report on Wednesday, July 8th. They set a “buy” rating and a $115.00 price target on the stock. Finally, Needham & Company LLC boosted their price objective on Axos Financial from $110.00 to $128.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Two investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Axos Financial presently has an average rating of “Buy” and an average price target of $114.83.

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.