Axos Financial, Inc. (NYSE:AX - Get Free Report) Director Edward James Ratinoff sold 4,002 shares of Axos Financial stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $79.41, for a total value of $317,798.82. Following the sale, the director now owns 46,209 shares of the company's stock, valued at approximately $3,669,456.69. This represents a 7.97 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Axos Financial Stock Down 0.5 %
Axos Financial stock opened at $80.16 on Friday. The firm has a market cap of $4.58 billion, a price-to-earnings ratio of 9.70 and a beta of 1.38. The firm has a fifty day moving average price of $67.01 and a two-hundred day moving average price of $63.38. Axos Financial, Inc. has a fifty-two week low of $36.93 and a fifty-two week high of $85.54. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.08 and a quick ratio of 1.08.
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Axos Financial (NYSE:AX - Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $1.96 earnings per share for the quarter, topping the consensus estimate of $1.80 by $0.16. The business had revenue of $512.87 million during the quarter, compared to analysts' expectations of $299.59 million. Axos Financial had a return on equity of 18.99% and a net margin of 24.07%. During the same quarter in the previous year, the firm earned $1.41 EPS. As a group, analysts forecast that Axos Financial, Inc. will post 7.02 earnings per share for the current year.
Institutional Investors Weigh In On Axos Financial
Several hedge funds and other institutional investors have recently modified their holdings of AX. American Century Companies Inc. boosted its holdings in Axos Financial by 26.2% in the 2nd quarter. American Century Companies Inc. now owns 1,549,748 shares of the company's stock valued at $88,568,000 after purchasing an additional 321,494 shares during the period. Wasatch Advisors LP grew its position in Axos Financial by 34.0% in the 3rd quarter. Wasatch Advisors LP now owns 1,154,737 shares of the company's stock worth $72,610,000 after purchasing an additional 292,952 shares during the last quarter. Millennium Management LLC increased its holdings in shares of Axos Financial by 107.9% during the 2nd quarter. Millennium Management LLC now owns 367,251 shares of the company's stock worth $20,988,000 after purchasing an additional 190,584 shares during the period. State Street Corp raised its position in shares of Axos Financial by 5.5% during the third quarter. State Street Corp now owns 3,178,708 shares of the company's stock valued at $199,877,000 after buying an additional 164,997 shares during the last quarter. Finally, M&G Plc acquired a new stake in Axos Financial during the first quarter worth about $8,249,000. Institutional investors and hedge funds own 83.79% of the company's stock.
Analyst Ratings Changes
A number of analysts have issued reports on the stock. Piper Sandler lifted their target price on shares of Axos Financial from $68.00 to $84.00 and gave the company an "overweight" rating in a research note on Wednesday, July 31st. Needham & Company LLC lifted their price objective on shares of Axos Financial from $82.00 to $85.00 and gave the company a "buy" rating in a research note on Thursday, October 31st. Keefe, Bruyette & Woods increased their target price on shares of Axos Financial from $72.00 to $74.00 and gave the stock a "market perform" rating in a research report on Friday, November 1st. Raymond James raised their target price on Axos Financial from $67.00 to $81.00 and gave the company an "outperform" rating in a report on Wednesday, July 31st. Finally, Wedbush decreased their price target on Axos Financial from $80.00 to $75.00 and set a "neutral" rating for the company in a research note on Tuesday, September 24th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $79.80.
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About Axos Financial
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Axos Financial, Inc, together with its subsidiaries, provides consumer and business banking products in the United States. It operates through two segments, Banking Business and Securities Business. The company offers deposits products, including consumer and business checking, demand, savings, time deposit, money market, zero balance, and insured cash sweep accounts.
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