Axos Financial Target of Unusually High Options Trading (NYSE:AX)

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Axos Financial, Inc. (NYSE:AXGet Rating) was the target of unusually large options trading on Thursday. Traders acquired 42,508 put options on the stock. This represents an increase of 1,384% compared to the average daily volume of 2,864 put options.

Axos Financial Price Performance

Shares of NYSE AX opened at $38.87 on Friday. The stock has a market capitalization of $2.33 billion, a price-to-earnings ratio of 9.79 and a beta of 1.40. Axos Financial has a 52 week low of $34.11 and a 52 week high of $62.44. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.56. The firm has a 50-day simple moving average of $42.61 and a 200-day simple moving average of $39.24.

Axos Financial (NYSE:AXGet Rating) last released its quarterly earnings results on Thursday, August 4th. The company reported $1.12 earnings per share for the quarter, topping analysts’ consensus estimates of $1.02 by $0.10. Axos Financial had a return on equity of 16.53% and a net margin of 31.14%. The firm had revenue of $192.51 million during the quarter, compared to analysts’ expectations of $180.82 million. On average, equities analysts predict that Axos Financial will post 4.51 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Axos Financial news, EVP Thomas M. Constantine sold 1,554 shares of the stock in a transaction on Thursday, August 25th. The stock was sold at an average price of $44.12, for a total value of $68,562.48. Following the sale, the executive vice president now owns 10,123 shares in the company, valued at $446,626.76. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Axos Financial news, Director Paul Grinberg sold 2,985 shares of the stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $41.04, for a total transaction of $122,504.40. Following the completion of the sale, the director now directly owns 59,749 shares of the company’s stock, valued at approximately $2,452,098.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Thomas M. Constantine sold 1,554 shares of Axos Financial stock in a transaction on Thursday, August 25th. The shares were sold at an average price of $44.12, for a total value of $68,562.48. Following the completion of the sale, the executive vice president now directly owns 10,123 shares of the company’s stock, valued at approximately $446,626.76. The disclosure for this sale can be found here. Insiders sold 18,870 shares of company stock worth $851,807 in the last three months. 4.73% of the stock is owned by company insiders.

Institutional Investors Weigh In On Axos Financial

A number of institutional investors have recently made changes to their positions in the stock. Lazard Asset Management LLC bought a new position in shares of Axos Financial during the 2nd quarter worth approximately $26,000. National Bank of Canada FI grew its holdings in shares of Axos Financial by 273.2% during the second quarter. National Bank of Canada FI now owns 765 shares of the company’s stock valued at $27,000 after buying an additional 560 shares during the last quarter. Exane Derivatives bought a new position in Axos Financial in the first quarter worth approximately $32,000. Steward Partners Investment Advisory LLC grew its stake in Axos Financial by 605.0% during the first quarter. Steward Partners Investment Advisory LLC now owns 839 shares of the company’s stock valued at $39,000 after acquiring an additional 720 shares in the last quarter. Finally, Fifth Third Bancorp boosted its stake in shares of Axos Financial by 75.3% during the 2nd quarter. Fifth Third Bancorp now owns 2,245 shares of the company’s stock worth $81,000 after purchasing an additional 964 shares during the period. 77.84% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Keefe, Bruyette & Woods raised shares of Axos Financial from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $52.00 to $56.00 in a research note on Monday, July 11th. DA Davidson lifted their price target on shares of Axos Financial to $53.00 in a research report on Tuesday, August 9th. Wedbush lowered shares of Axos Financial from an “outperform” rating to a “neutral” rating and set a $40.00 price objective on the stock. in a research note on Thursday, June 30th. Finally, B. Riley lowered their price objective on shares of Axos Financial from $58.00 to $49.00 in a research report on Monday, July 11th. Two analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Axos Financial presently has an average rating of “Moderate Buy” and a consensus price target of $51.33.

Axos Financial Company Profile

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Axos Financial, Inc, together with its subsidiaries, provides consumer and business banking products in the United States. It operates through Banking Business and Securities Business segments. 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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