Axos Financial (NYSE:AX) EVP Michael James Watson Sells 1,653 Shares of Stock

Axos Financial, Inc (NYSE:AX) EVP Michael James Watson sold 1,653 shares of the company’s stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $83.77, for a total transaction of $138,471.81. Following the transaction, the executive vice president directly owned 4,592 shares of the company’s stock, valued at $384,671.84. This represents a 26.47% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Axos Financial Stock Down 0.0%

Shares of AX opened at $85.95 on Friday. The company has a 50-day simple moving average of $88.64 and a 200-day simple moving average of $88.66. The firm has a market capitalization of $4.89 billion, a P/E ratio of 10.44 and a beta of 1.30. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.15 and a current ratio of 1.15. Axos Financial, Inc has a 52 week low of $67.50 and a 52 week high of $101.92.

Axos Financial (NYSE:AX) last announced its quarterly earnings data on Thursday, April 30th. The company reported $1.90 EPS for the quarter, missing analysts’ consensus estimates of $2.13 by ($0.23). The company had revenue of $392.25 million for the quarter, compared to analyst estimates of $372.51 million. Axos Financial had a net margin of 22.53% and a return on equity of 16.48%. During the same period in the prior year, the company posted $1.81 EPS. On average, equities research analysts expect that Axos Financial, Inc will post 8.57 earnings per share for the current year.

Institutional Trading of Axos Financial

Several large investors have recently added to or reduced their stakes in AX. Franklin Resources Inc. grew its stake in Axos Financial by 198.0% during the third 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 last quarter. Goldman Sachs Group Inc. grew its stake in shares of Axos Financial by 56.2% during the fourth quarter. Goldman Sachs Group Inc. now owns 371,086 shares of the company’s stock valued at $31,973,000 after purchasing an additional 133,529 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of Axos Financial by 38.2% during the first quarter. Allspring Global Investments Holdings LLC now owns 432,739 shares of the company’s stock valued at $37,203,000 after purchasing an additional 119,523 shares during the last quarter. UBS Group AG grew its stake in shares of Axos Financial by 65.7% during the third quarter. UBS Group AG now owns 267,312 shares of the company’s stock valued at $22,628,000 after purchasing an additional 106,003 shares during the last quarter. Finally, Militia Capital Management LLC bought a new stake in shares of Axos Financial during the first quarter valued at approximately $8,509,000. 83.79% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently weighed in on AX shares. Raymond James Financial raised shares of Axos Financial from an “outperform” rating to a “strong-buy” rating and lowered their target price for the company from $110.00 to $100.00 in a research note on Tuesday, April 7th. Needham & Company LLC reissued a “buy” rating and issued a $110.00 target price on shares of Axos Financial in a research note on Monday, March 16th. Jefferies Financial Group upped 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. Zacks Research cut shares of Axos Financial from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 8th. Finally, Weiss Ratings cut shares of Axos Financial from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, May 14th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $109.40.

About Axos Financial

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.