Axos Financial (NYSE:AX) EVP Sells $138,471.81 in Stock

Axos Financial, Inc (NYSE:AX) EVP Michael James Watson sold 1,653 shares of Axos Financial stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $83.77, for a total transaction of $138,471.81. Following the completion of the transaction, the executive vice president owned 4,592 shares of the company’s stock, valued at $384,671.84. This represents a 26.47% 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 Stock Performance

Axos Financial stock traded down $0.20 during mid-day trading on Thursday, reaching $85.77. The company’s stock had a trading volume of 159,413 shares, compared to its average volume of 402,862. Axos Financial, Inc has a 12-month low of $67.50 and a 12-month high of $101.92. The company has a market capitalization of $4.88 billion, a P/E ratio of 10.42 and a beta of 1.30. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.15 and a current ratio of 1.15. The firm’s fifty day moving average price is $88.64 and its two-hundred day moving average price is $88.61.

Axos Financial (NYSE:AX) last released its quarterly earnings data on Thursday, April 30th. The company reported $1.90 earnings per share for the quarter, missing analysts’ consensus estimates of $2.13 by ($0.23). Axos Financial had a net margin of 22.53% and a return on equity of 16.48%. The business had revenue of $392.25 million during the quarter, compared to analysts’ expectations of $372.51 million. During the same quarter in the prior year, the firm posted $1.81 earnings per share. Sell-side analysts predict that Axos Financial, Inc will post 8.57 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

AX has been the subject of several analyst reports. Jefferies Financial Group raised their price target on shares of Axos Financial from $110.00 to $115.00 and gave the company a “buy” rating in a report on Friday, January 30th. Needham & Company LLC reissued a “buy” rating and issued a $110.00 price target on shares of Axos Financial in a report on Monday, March 16th. Keefe, Bruyette & Woods raised their price target on shares of Axos Financial from $100.00 to $110.00 and gave the company a “market perform” rating in a report on Friday, January 30th. Zacks Research downgraded shares of Axos Financial from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 8th. Finally, Weiss Ratings downgraded shares of Axos Financial from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, May 14th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Axos Financial currently has a consensus rating of “Moderate Buy” and an average target price of $109.40.

Institutional Trading of Axos Financial

A number of hedge funds have recently made changes to their positions in AX. Franklin Resources Inc. lifted its stake in Axos Financial by 198.0% in the third quarter. Franklin Resources Inc. now owns 414,178 shares of the company’s stock worth $35,060,000 after purchasing an additional 275,191 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in Axos Financial by 56.2% in the fourth quarter. Goldman Sachs Group Inc. now owns 371,086 shares of the company’s stock worth $31,973,000 after purchasing an additional 133,529 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in Axos Financial by 38.2% in the first quarter. Allspring Global Investments Holdings LLC now owns 432,739 shares of the company’s stock worth $37,203,000 after purchasing an additional 119,523 shares during the last quarter. UBS Group AG lifted its stake in Axos Financial by 65.7% in the third quarter. UBS Group AG now owns 267,312 shares of the company’s stock worth $22,628,000 after purchasing an additional 106,003 shares during the last quarter. Finally, Militia Capital Management LLC bought a new stake in Axos Financial in the first quarter worth $8,509,000. 83.79% of the stock is owned by institutional investors.

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.