Key Points
- Edward James Ratinoff, an Axos Financial director, sold 2,145 shares on Dec. 5 at an average price of $84.59 for about $181,445, reducing his stake by 4.44% to 46,209 shares; the transaction was disclosed in an SEC filing.
- Axos reported quarterly EPS of $2.07 (beating estimates) and revenue of $323.39M, with a 22.41% net margin and 16.72% return on equity, signaling solid profitability.
- Analysts are broadly positive—six Buys and one Hold—with an average target of $97.42; the stock trades in the mid-$80s, has a market cap around $4.82B and a P/E of 11.4.
Axos Financial, Inc (NYSE:AX - Get Free Report) Director Edward James Ratinoff sold 2,145 shares of Axos Financial stock in a transaction dated Friday, December 5th. The stock was sold at an average price of $84.59, for a total value of $181,445.55. Following the completion of the transaction, the director owned 46,209 shares of the company's stock, valued at $3,908,819.31. This trade represents a 4.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.
Axos Financial Trading Up 0.5%
Shares of NYSE AX opened at $85.15 on Tuesday. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.54. The stock's 50 day moving average price is $80.95 and its two-hundred day moving average price is $82.07. Axos Financial, Inc has a 52-week low of $54.46 and a 52-week high of $93.84. The stock has a market capitalization of $4.82 billion, a P/E ratio of 11.40 and a beta of 1.28.
Axos Financial (NYSE:AX - Get Free Report) last issued its quarterly earnings results on Thursday, October 30th. The company reported $2.07 earnings per share for the quarter, beating analysts' consensus estimates of $1.86 by $0.21. The business had revenue of $323.39 million during the quarter, compared to the consensus estimate of $319.96 million. Axos Financial had a return on equity of 16.72% and a net margin of 22.41%.During the same period in the previous year, the business earned $1.96 EPS. On average, analysts anticipate that Axos Financial, Inc will post 7.22 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Axos Financial
Institutional investors and hedge funds have recently bought and sold shares of the stock. Horizon Investment Services LLC acquired a new position in shares of Axos Financial in the 2nd quarter valued at $279,000. Allspring Global Investments Holdings LLC lifted its stake in Axos Financial by 33.1% during the second quarter. Allspring Global Investments Holdings LLC now owns 158,801 shares of the company's stock valued at $12,437,000 after buying an additional 39,515 shares in the last quarter. CWM LLC boosted its holdings in shares of Axos Financial by 32.8% in the second quarter. CWM LLC now owns 10,233 shares of the company's stock worth $778,000 after buying an additional 2,527 shares during the period. Truist Financial Corp increased its position in shares of Axos Financial by 24.5% in the second quarter. Truist Financial Corp now owns 12,483 shares of the company's stock worth $949,000 after acquiring an additional 2,457 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its position in shares of Axos Financial by 26.1% in the second quarter. Envestnet Asset Management Inc. now owns 63,533 shares of the company's stock worth $4,831,000 after acquiring an additional 13,131 shares in the last quarter. Institutional investors own 83.79% of the company's stock.
Analyst Upgrades and Downgrades
A number of analysts have weighed in on AX shares. Keefe, Bruyette & Woods increased their target price on shares of Axos Financial from $94.00 to $100.00 and gave the stock a "market perform" rating in a report on Monday, September 29th. Raymond James Financial reiterated an "outperform" rating and set a $100.00 price objective (up previously from $95.00) on shares of Axos Financial in a research note on Tuesday, September 23rd. Weiss Ratings reissued a "buy (b-)" rating on shares of Axos Financial in a report on Monday, December 1st. DA Davidson upped their target price on Axos Financial from $106.00 to $107.50 and gave the company a "buy" rating in a report on Monday. Finally, Needham & Company LLC increased their price target on Axos Financial from $105.00 to $107.00 and gave the stock a "buy" rating in a research report on Friday, October 31st. Six research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, Axos Financial currently has an average rating of "Moderate Buy" and an average target price of $97.42.
Check Out Our Latest Report on Axos Financial
Axos Financial Company Profile
(
Get Free Report)
Axos Financial, Inc, together with its subsidiaries, provides consumer and business banking products in the United States. It operates through two segments, Banking Business and Securities Business. The company offers deposits products, including consumer and business checking, demand, savings, time deposit, money market, zero balance, and insured cash sweep accounts.
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