Key Points
- Director Roque Santi sold 500 Axos Financial shares at an average price of $105.30, generating $52,650 and reducing his holdings by 6.54% to 7,146 shares.
- Axos Financial shares opened at $100.18, with a $5.70 billion market capitalization and a 52-week range of $74.89 to $105.74.
- Analysts maintain a favorable outlook, with a consensus “Buy” rating and a $114.83 price target; institutional investors own approximately 83.79% of the stock.
Axos Financial, Inc (NYSE:AX - Get Free Report) Director Roque Santi sold 500 shares of the company's stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $105.30, for a total value of $52,650.00. Following the completion of the sale, the director owned 7,146 shares of the company's stock, valued at approximately $752,473.80. This trade represents a 6.54% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Axos Financial Trading Down 1.7%
Shares of AX stock opened at $100.18 on Friday. The stock has a 50-day simple moving average of $94.99 and a 200 day simple moving average of $92.21. The stock has a market capitalization of $5.70 billion, a P/E ratio of 11.83 and a beta of 1.22. Axos Financial, Inc has a fifty-two week low of $74.89 and a fifty-two week high of $105.74. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.24.
Analyst Ratings Changes
Several equities analysts have recently issued reports on the stock. Keefe, Bruyette & Woods lifted their price objective on shares of Axos Financial from $105.00 to $110.00 and gave the stock a "market perform" rating in a research note on Friday, July 31st. Benchmark assumed coverage on shares of Axos Financial in a research note on Wednesday, July 8th. They set a "buy" rating and a $115.00 target price for the company. Needham & Company LLC raised their target price on shares of Axos Financial from $110.00 to $128.00 and gave the stock a "buy" rating in a report on Friday, July 31st. DA Davidson set a $121.00 target price on shares of Axos Financial in a report on Friday, July 31st. Finally, Weiss Ratings upgraded shares of Axos Financial from a "buy (b-)" rating to a "buy (b)" rating in a research report on Wednesday, July 1st. Two investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat.com, Axos Financial has a consensus rating of "Buy" and a consensus price target of $114.83.
Check Out Our Latest Stock Analysis on AX
Institutional Trading of Axos Financial
Several hedge funds and other institutional investors have recently modified their holdings of AX. Eurizon Capital SGR S.p.A. bought a new stake in Axos Financial in the fourth quarter worth approximately $26,000. Basepoint Wealth LLC bought a new position in shares of Axos Financial during the 4th quarter valued at $28,000. Brown Brothers Harriman & Co. acquired a new stake in shares of Axos Financial in the 3rd quarter valued at $29,000. State of Wyoming acquired a new stake in shares of Axos Financial in the 1st quarter valued at $30,000. Finally, EverSource Wealth Advisors LLC boosted its holdings in Axos Financial by 294.7% in the second quarter. EverSource Wealth Advisors LLC now owns 446 shares of the company's stock worth $34,000 after purchasing an additional 333 shares in the last quarter. 83.79% of the stock is currently owned by hedge funds and other 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.
Further Reading
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