Sara Wardell-Smith Buys 3,000 Shares of Axos Financial, Inc. (NYSE:AX) Stock

Axos Financial, Inc. (NYSE:AX - Get Free Report) Director Sara Wardell-Smith purchased 3,000 shares of the company's stock in a transaction that occurred on Tuesday, March 4th. The shares were purchased at an average cost of $64.73 per share, for a total transaction of $194,190.00. Following the completion of the transaction, the director now owns 10,250 shares in the company, valued at approximately $663,482.50. This represents a 41.38 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Axos Financial Price Performance

AX traded up $1.21 during trading on Friday, hitting $64.84. The company's stock had a trading volume of 605,163 shares, compared to its average volume of 513,000. The firm's 50 day moving average price is $69.36 and its two-hundred day moving average price is $70.32. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.20. Axos Financial, Inc. has a 12 month low of $44.10 and a 12 month high of $88.46. The stock has a market capitalization of $3.70 billion, a price-to-earnings ratio of 8.72 and a beta of 1.45.

Axos Financial (NYSE:AX - Get Free Report) last issued its quarterly earnings data on Tuesday, January 28th. The company reported $1.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.75 by $0.07. Axos Financial had a return on equity of 18.67% and a net margin of 22.10%. Sell-side analysts forecast that Axos Financial, Inc. will post 7.22 earnings per share for the current fiscal year.

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Institutional Investors Weigh In On Axos Financial

A number of institutional investors have recently made changes to their positions in AX. Heck Capital Advisors LLC bought a new stake in shares of Axos Financial in the fourth quarter valued at about $35,000. Western Wealth Management LLC acquired a new stake in Axos Financial during the fourth quarter worth approximately $335,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Axos Financial by 25.5% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 109,710 shares of the company's stock worth $7,663,000 after buying an additional 22,304 shares in the last quarter. Twinbeech Capital LP lifted its stake in Axos Financial by 1,107.5% during the fourth quarter. Twinbeech Capital LP now owns 39,932 shares of the company's stock worth $2,789,000 after purchasing an additional 36,625 shares during the last quarter. Finally, Two Sigma Advisers LP lifted its stake in shares of Axos Financial by 55.9% in the 4th quarter. Two Sigma Advisers LP now owns 41,816 shares of the company's stock valued at $2,921,000 after acquiring an additional 15,000 shares during the last quarter. 83.79% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Needham & Company LLC increased their price objective on Axos Financial from $85.00 to $88.00 and gave the stock a "buy" rating in a research note on Wednesday, January 29th. Keefe, Bruyette & Woods reduced their price objective on Axos Financial from $91.00 to $90.00 and set a "market perform" rating for the company in a research note on Wednesday, January 29th. DA Davidson reduced their price objective on Axos Financial from $96.00 to $88.00 and set a "buy" rating for the company in a research note on Thursday, January 30th. Raymond James reissued an "outperform" rating and issued a $80.00 price objective (up from $75.00) on shares of Axos Financial in a research note on Wednesday, January 29th. Finally, StockNews.com raised Axos Financial from a "sell" rating to a "hold" rating in a research note on Monday, December 9th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $84.17.

About Axos Financial

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.