James John Court Sells 11,163 Shares of Axos Financial (NYSE:AX) Stock

Axos Financial, Inc (NYSE:AX) Director James John Court sold 11,163 shares of the company’s stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $101.01, for a total transaction of $1,127,574.63. Following the completion of the transaction, the director owned 32,169 shares in the company, valued at $3,249,390.69. This trade represents a 25.76% 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 Price Performance

Shares of Axos Financial stock opened at $101.24 on Friday. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $5.74 billion, a price-to-earnings 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 company has a 50-day simple moving average of $90.28 and a two-hundred day simple moving average of $86.59.

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

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Jefferies Financial Group lifted their price objective on Axos Financial from $110.00 to $115.00 and gave the company a “buy” rating in a report on Friday, January 30th. DA Davidson raised their price target on Axos Financial from $107.50 to $112.00 and gave the stock a “buy” rating in a research report on Friday, January 30th. Needham & Company LLC boosted their price target 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 raised shares of Axos Financial from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 2nd. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Axos Financial in a research note on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Axos Financial presently has a consensus rating of “Buy” and a consensus price target of $104.50.

Institutional Trading of Axos Financial

Several large investors have recently bought and sold shares of the business. Ashton Thomas Private Wealth LLC grew its stake in Axos Financial by 3.3% in the 4th quarter. Ashton Thomas Private Wealth LLC now owns 3,495 shares of the company’s stock valued at $301,000 after purchasing an additional 113 shares during the period. Bessemer Group Inc. boosted its holdings in shares of Axos Financial by 59.6% in 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 last quarter. Vanguard Personalized Indexing Management LLC boosted its holdings in shares of Axos Financial by 3.5% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 3,889 shares of the company’s stock worth $329,000 after buying an additional 131 shares during the last quarter. Salomon & Ludwin LLC grew its position in Axos Financial by 43.2% during the fourth quarter. Salomon & Ludwin LLC now owns 441 shares of the company’s stock valued at $39,000 after buying an additional 133 shares during the period. Finally, Cetera Investment Advisers increased its holdings in Axos Financial by 1.8% during the second quarter. Cetera Investment Advisers now owns 8,197 shares of the company’s stock worth $623,000 after buying an additional 141 shares during the last quarter. 83.79% of the stock is owned by institutional investors and hedge funds.

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.