Key Points
- CEO Gregory Garrabrants sold 43,294 shares on Feb. 4 at an average price of $99.10 for about $4.29 million, trimming his holding by 2.96% to 1,418,751 shares valued near $140.6 million.
- Axos notably beat expectations for the quarter, reporting $2.25 EPS versus a $2.07 consensus and revenue of $385.1 million (vs. $345.9M expected), with revenue up 25.1% year‑over‑year and strong profitability metrics (net margin 22.66%, ROE 16.98%).
- Analyst sentiment is positive with a MarketBeat consensus "Buy" and a $104.50 price target, and several recent upgrades/raised targets (e.g., Jefferies $115, DA Davidson $112); the stock trades around a $5.74 billion market cap and a P/E of 12.83.
Axos Financial, Inc (NYSE:AX - Get Free Report) EVP Derrick Walsh sold 4,846 shares of the company's stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $101.21, for a total value of $490,463.66. Following the transaction, the executive vice president directly owned 37,936 shares of the company's stock, valued at $3,839,502.56. This represents a 11.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Axos Financial Stock Up 3.0%
NYSE:AX opened at $101.24 on Friday. The stock has a 50-day simple moving average of $90.28 and a 200 day simple moving average of $86.58. Axos Financial, Inc has a 52-week low of $54.46 and a 52-week high of $101.70. The company has a market cap of $5.74 billion, a PE ratio of 12.83 and a beta of 1.27. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.08 and a current ratio of 1.08.
Axos Financial (NYSE:AX - Get Free Report) last released its quarterly earnings results on Thursday, January 29th. The company reported $2.25 earnings per share for the quarter, topping analysts' consensus estimates of $2.07 by $0.18. The firm had revenue of $385.09 million during the quarter, compared to the consensus estimate of $345.89 million. Axos Financial had a return on equity of 16.98% and a net margin of 22.66%.The business's revenue was up 25.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.82 EPS. On average, sell-side analysts expect that Axos Financial, Inc will post 7.22 EPS for the current fiscal year.
Analyst Ratings Changes
A number of equities analysts have recently commented on AX shares. Jefferies Financial Group increased their price objective on shares of Axos Financial from $110.00 to $115.00 and gave the stock a "buy" rating in a research note on Friday, January 30th. Weiss Ratings restated a "buy (b)" rating on shares of Axos Financial in a research note on Monday, December 29th. DA Davidson upped their price target on shares of Axos Financial from $107.50 to $112.00 and gave the stock a "buy" rating in a research report on Friday, January 30th. Keefe, Bruyette & Woods increased their price target on shares of Axos Financial from $100.00 to $110.00 and gave the company a "market perform" rating in a research note on Friday, January 30th. Finally, Zacks Research upgraded shares of Axos Financial from a "hold" rating to a "strong-buy" rating in a research note on Monday, February 2nd. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, Axos Financial has a consensus rating of "Buy" and an average price target of $104.50.
Check Out Our Latest Report on AX
Hedge Funds Weigh In On Axos Financial
Large investors have recently modified their holdings of the stock. American Century Companies Inc. boosted its holdings in shares of Axos Financial by 1.5% during the 3rd quarter. American Century Companies Inc. now owns 2,413,512 shares of the company's stock worth $204,304,000 after buying an additional 35,391 shares during the period. Ameriprise Financial Inc. lifted its position in Axos Financial by 8.6% during the second quarter. Ameriprise Financial Inc. now owns 740,652 shares of the company's stock worth $56,319,000 after acquiring an additional 58,774 shares during the last quarter. Geneva Capital Management LLC boosted its holdings in shares of Axos Financial by 6.0% during the second quarter. Geneva Capital Management LLC now owns 739,374 shares of the company's stock worth $56,222,000 after acquiring an additional 42,126 shares during the period. Northern Trust Corp grew its position in shares of Axos Financial by 1.5% in the third quarter. Northern Trust Corp now owns 689,760 shares of the company's stock valued at $58,388,000 after purchasing an additional 10,097 shares during the last quarter. Finally, Emerald Advisers LLC increased its stake in shares of Axos Financial by 3.7% during the second quarter. Emerald Advisers LLC now owns 553,591 shares of the company's stock worth $42,095,000 after purchasing an additional 20,005 shares during the period. 83.79% of the stock is owned by institutional investors.
About Axos Financial
(
Get Free Report)
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.
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