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

Axos Financial, Inc (NYSE:AXGet Free Report) Director Roque Santi sold 500 shares of the firm’s stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $105.30, for a total value of $52,650.00. Following the transaction, the director owned 7,146 shares in the company, valued at approximately $752,473.80. This trade represents a 6.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Axos Financial Stock Performance

Shares of AX stock traded down $0.39 during trading on Friday, reaching $101.49. The company had a trading volume of 61,648 shares, compared to its average volume of 397,321. The company has a market capitalization of $5.77 billion, a PE ratio of 11.95 and a beta of 1.22. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.04 and a quick ratio of 1.04. The firm’s 50 day simple moving average is $94.72 and its two-hundred day simple moving average is $92.16. Axos Financial, Inc has a one year low of $74.89 and a one year high of $105.74.

Institutional Investors Weigh In On Axos Financial

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Global Retirement Partners LLC bought a new position in Axos Financial in the second quarter valued at approximately $183,000. Bank of New York Mellon Corp acquired a new position in shares of Axos Financial in the 2nd quarter valued at $36,816,000. State of Wyoming bought a new position in shares of Axos Financial in the 2nd quarter worth $107,000. Summit Global Investments bought a new stake in Axos Financial in the second quarter valued at about $660,000. Finally, GAMMA Investing LLC lifted its stake in Axos Financial by 6.6% in the second quarter. GAMMA Investing LLC now owns 2,427 shares of the company’s stock valued at $236,000 after buying an additional 150 shares during the period. Institutional investors and hedge funds own 83.79% of the company’s stock.

Wall Street Analysts Forecast Growth

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

View Our Latest Stock Analysis on Axos Financial

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.

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