Key Points
- Axos Financial director Roque Santi sold 500 shares on May 8 at an average price of $87.77, totaling $43,885. After the sale, he still held 7,646 shares, reducing his ownership by 6.14%.
- AX shares were down about 1.2% and opened at $84.45, with the stock trading below both its 50-day and 200-day moving averages. The company has a market cap of $4.8 billion and a P/E ratio of 10.26.
- Axos recently missed earnings estimates, reporting $1.90 EPS versus the expected $2.13, though revenue came in above forecasts. Analysts remain generally positive, with a consensus rating of “Moderate Buy” and an average target price of $109.40.
Axos Financial, Inc (NYSE:AX - Get Free Report) Director Roque Santi sold 500 shares of the company's stock in a transaction on Friday, May 8th. The stock was sold at an average price of $87.77, for a total transaction of $43,885.00. Following the completion of the transaction, the director directly owned 7,646 shares in the company, valued at $671,089.42. This trade represents a 6.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.
Axos Financial Trading Down 1.2%
Shares of AX stock opened at $84.45 on Wednesday. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.38. The business's 50 day moving average is $89.16 and its two-hundred day moving average is $88.43. The company has a market cap of $4.80 billion, a PE ratio of 10.26 and a beta of 1.30. Axos Financial, Inc has a 12 month low of $67.50 and a 12 month high of $101.92.
Axos Financial (NYSE:AX - Get Free Report) last posted its quarterly earnings results on Thursday, April 30th. The company reported $1.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.13 by ($0.23). Axos Financial had a return on equity of 16.48% and a net margin of 22.53%.The company had revenue of $392.25 million during the quarter, compared to analyst estimates of $372.51 million. During the same quarter in the prior year, the business earned $1.81 earnings per share. Equities analysts predict that Axos Financial, Inc will post 8.57 EPS for the current year.
Wall Street Analysts Forecast Growth
AX has been the topic of several recent analyst reports. Weiss Ratings raised Axos Financial from a "buy (b-)" rating to a "buy (b)" rating in a report on Friday, April 24th. Jefferies Financial Group lifted their price target on Axos Financial from $110.00 to $115.00 and gave the company a "buy" 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 research report on Wednesday, April 8th. Keefe, Bruyette & Woods upped their target price on shares of Axos Financial from $100.00 to $110.00 and gave the stock a "market perform" rating in a research report on Friday, January 30th. Finally, Raymond James Financial raised shares of Axos Financial from an "outperform" rating to a "strong-buy" rating and decreased their price target for the company from $110.00 to $100.00 in a research note on Tuesday, April 7th. One investment 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 data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $109.40.
Get Our Latest Research Report on Axos Financial
Institutional Investors Weigh In On Axos Financial
Several large investors have recently modified their holdings of the business. Eurizon Capital SGR S.p.A. bought a new stake in Axos Financial during the 4th quarter worth approximately $26,000. Basepoint Wealth LLC acquired a new position in shares of Axos Financial in the fourth quarter valued at approximately $28,000. Bessemer Group Inc. increased its position in shares of Axos Financial by 59.6% during the third quarter. Bessemer Group Inc. now owns 348 shares of the company's stock worth $29,000 after acquiring an additional 130 shares in the last quarter. Brown Brothers Harriman & Co. acquired a new stake in shares of Axos Financial during the third quarter worth $29,000. Finally, EverSource Wealth Advisors LLC lifted its position in Axos Financial by 294.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 446 shares of the company's stock valued at $34,000 after acquiring an additional 333 shares in the last quarter. 83.79% of the stock is currently owned by institutional investors.
Axos Financial Company Profile
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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.
Further Reading
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