Key Points
- Axos Financial EVP Michael James Watson sold 1,653 shares on May 19 at an average price of $83.77, totaling about $138,472. After the sale, he held 4,592 shares, a 26.47% reduction in his ownership.
- The stock was little changed in the latest session, opening at $85.95, while Axos trades with a market cap of about $4.89 billion and a P/E ratio of 10.44.
- Recent earnings were mixed: Axos reported $1.90 EPS versus the $2.13 consensus estimate, though revenue came in above expectations at $392.25 million. Analysts currently have a Moderate Buy consensus with a $109.40 target price.
Axos Financial, Inc (NYSE:AX - Get Free Report) EVP Michael James Watson sold 1,653 shares of the stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $83.77, for a total transaction of $138,471.81. Following the completion of the sale, the executive vice president owned 4,592 shares in the company, valued at approximately $384,671.84. This trade represents a 26.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Axos Financial Trading Down 0.0%
AX opened at $85.95 on Friday. The firm's fifty day moving average is $88.64 and its two-hundred day moving average is $88.66. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.15 and a current ratio of 1.15. The firm has a market cap of $4.89 billion, a PE ratio of 10.44 and a beta of 1.30. Axos Financial, Inc has a twelve month low of $67.50 and a twelve month high of $101.92.
Axos Financial (NYSE:AX - Get Free Report) last posted its earnings results on Thursday, April 30th. The company reported $1.90 earnings per share for the quarter, missing the consensus estimate of $2.13 by ($0.23). The firm had revenue of $392.25 million during the quarter, compared to analyst estimates of $372.51 million. Axos Financial had a return on equity of 16.48% and a net margin of 22.53%.During the same quarter last year, the business posted $1.81 earnings per share. Equities research analysts anticipate that Axos Financial, Inc will post 8.57 EPS for the current year.
Institutional Trading of Axos Financial
Several hedge funds and other institutional investors have recently modified their holdings of AX. Franklin Resources Inc. boosted its holdings in shares of Axos Financial by 198.0% during the 3rd quarter. Franklin Resources Inc. now owns 414,178 shares of the company's stock worth $35,060,000 after buying an additional 275,191 shares during the period. Goldman Sachs Group Inc. raised its stake in Axos Financial by 56.2% in the 4th quarter. Goldman Sachs Group Inc. now owns 371,086 shares of the company's stock worth $31,973,000 after purchasing an additional 133,529 shares in the last quarter. Allspring Global Investments Holdings LLC raised its stake in Axos Financial by 38.2% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 432,739 shares of the company's stock worth $37,203,000 after purchasing an additional 119,523 shares in the last quarter. UBS Group AG raised its stake in Axos Financial by 65.7% in the 3rd quarter. UBS Group AG now owns 267,312 shares of the company's stock worth $22,628,000 after purchasing an additional 106,003 shares in the last quarter. Finally, Militia Capital Management LLC acquired a new stake in Axos Financial in the 1st quarter worth about $8,509,000. Institutional investors own 83.79% of the company's stock.
Analyst Ratings Changes
Several equities research analysts have weighed in on AX shares. Zacks Research lowered shares of Axos Financial from a "strong-buy" rating to a "hold" rating in a report on Wednesday, April 8th. Keefe, Bruyette & Woods raised their target price on shares of Axos Financial from $100.00 to $110.00 and gave the company a "market perform" rating in a research report on Friday, January 30th. Jefferies Financial Group raised their target price on shares of Axos Financial from $110.00 to $115.00 and gave the company a "buy" rating in a research report on Friday, January 30th. Weiss Ratings downgraded shares of Axos Financial from a "buy (b)" rating to a "buy (b-)" rating in a research report on Thursday, May 14th. Finally, DA Davidson raised their target price on shares of Axos Financial from $107.50 to $112.00 and gave the company a "buy" rating in a research report on Friday, January 30th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $109.40.
Read Our Latest Research Report on AX
Axos Financial Company Profile
(
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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