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

Axos Financial, Inc (NYSE:AX) Director Roque Santi sold 500 shares of the business’s stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $105.30, for a total transaction of $52,650.00. Following the transaction, the director owned 7,146 shares of the company’s stock, valued at approximately $752,473.80. This represents a 6.54% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Axos Financial Trading Down 0.4%

Shares of AX stock traded down $0.39 on Friday, hitting $101.49. The stock had a trading volume of 61,648 shares, compared to its average volume of 397,321. The company has a fifty day moving average price of $94.72 and a two-hundred day moving average price of $92.16. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.24. The firm has a market cap of $5.77 billion, a P/E ratio of 11.95 and a beta of 1.22. Axos Financial, Inc has a twelve month low of $74.89 and a twelve month high of $105.74.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Eurizon Capital SGR S.p.A. bought a new stake in shares of Axos Financial during the 4th quarter valued at approximately $26,000. Basepoint Wealth LLC acquired a new position in Axos Financial during the 4th quarter worth about $28,000. Brown Brothers Harriman & Co. bought a new position in shares of Axos Financial during the third quarter worth about $29,000. State of Wyoming bought a new position in Axos Financial during the 1st quarter worth approximately $30,000. Finally, EverSource Wealth Advisors LLC raised its stake in Axos Financial by 294.7% during the second quarter. EverSource Wealth Advisors LLC now owns 446 shares of the company’s stock worth $34,000 after buying an additional 333 shares during the last quarter. Institutional investors own 83.79% of the company’s stock.

Analyst Upgrades and Downgrades

AX has been the topic of several research reports. Needham & Company LLC boosted their price objective on shares of Axos Financial from $110.00 to $128.00 and gave the company a “buy” rating in a research report on Friday, July 31st. DA Davidson set a $121.00 price target on shares of Axos Financial in a research report on Friday, July 31st. Weiss Ratings upgraded 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 objective on shares of Axos Financial from $105.00 to $110.00 and gave the stock a “market perform” rating in a research report on Friday, July 31st. Finally, Benchmark initiated coverage on shares of Axos Financial in a report on Wednesday, July 8th. They set a “buy” rating and a $115.00 target price for the company. Two research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Axos Financial presently has a consensus rating of “Buy” and a consensus 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.