Roque Santi Sells 500 Shares of Axos Financial (NYSE:AX) Stock

Axos Financial, Inc (NYSE:AX) Director Roque Santi sold 500 shares of the firm’s stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $105.30, for a total transaction of $52,650.00. Following the sale, the director directly owned 7,146 shares of the company’s stock, valued at approximately $752,473.80. The trade was a 6.54% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Axos Financial Stock Down 1.7%

Shares of AX opened at $100.18 on Friday. The company 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 one year low of $74.89 and a one year high of $105.74. The business’s 50 day simple moving average is $94.99 and its 200-day simple moving average is $92.21. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.04 and a quick ratio of 1.04.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. DA Davidson set a $121.00 target price on Axos Financial in a report on Friday, July 31st. Weiss Ratings raised Axos Financial from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, July 1st. Keefe, Bruyette & Woods upped their price target on shares of Axos Financial from $105.00 to $110.00 and gave the stock a “market perform” rating in a research report on Friday, July 31st. Needham & Company LLC upped their price target on shares of Axos Financial from $110.00 to $128.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Finally, Benchmark initiated coverage on shares of Axos Financial in a report on Wednesday, July 8th. They set a “buy” rating and a $115.00 price objective on the stock. Two investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $114.83.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Royal Bank of Canada increased its stake in shares of Axos Financial by 0.9% in the 1st quarter. Royal Bank of Canada now owns 108,986 shares of the company’s stock valued at $7,031,000 after buying an additional 1,015 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Axos Financial by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 32,539 shares of the company’s stock valued at $2,099,000 after acquiring an additional 1,429 shares during the period. United Services Automobile Association bought a new position in Axos Financial in the first quarter valued at about $212,000. Cetera Investment Advisers boosted its holdings in Axos Financial by 1.8% in the second quarter. Cetera Investment Advisers now owns 8,197 shares of the company’s stock valued at $623,000 after acquiring an additional 141 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in Axos Financial in the second quarter worth about $6,252,000. Institutional investors and hedge funds own 83.79% of the company’s stock.

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.