Axos Financial Sees Unusually Large Options Volume (NYSE:AX)

Axos Financial, Inc. (NYSE:AX) was the target of unusually large options trading on Tuesday. Traders bought 6,482 put options on the company. This represents an increase of approximately 395% compared to the typical daily volume of 1,309 put options.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on AX. Piper Sandler lifted their price objective on Axos Financial from $48.00 to $63.00 in a report on Friday, July 28th. Raymond James lifted their price objective on Axos Financial from $47.00 to $55.00 and gave the company an “outperform” rating in a report on Monday, July 31st. StockNews.com began coverage on Axos Financial in a report on Wednesday, August 23rd. They issued a “hold” rating on the stock. Finally, Wedbush lifted their price objective on Axos Financial from $42.00 to $49.00 in a report on Friday, July 28th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $54.60.

Insider Transactions at Axos Financial

In other news, EVP Andrew J. Micheletti sold 5,000 shares of Axos Financial stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of $42.62, for a total transaction of $213,100.00. Following the sale, the executive vice president now owns 513,083 shares in the company, valued at $21,867,597.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Gregory Garrabrants sold 85,312 shares of the business’s stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of $45.36, for a total value of $3,869,752.32. Following the transaction, the chief executive officer now owns 1,435,979 shares in the company, valued at approximately $65,136,007.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Andrew J. Micheletti sold 5,000 shares of the business’s stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $42.62, for a total value of $213,100.00. Following the completion of the transaction, the executive vice president now owns 513,083 shares in the company, valued at approximately $21,867,597.46. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 130,312 shares of company stock worth $5,904,052. Corporate insiders own 4.81% of the company’s stock.

Hedge Funds Weigh In On Axos Financial

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Moisand Fitzgerald Tamayo LLC acquired a new stake in shares of Axos Financial in the first quarter valued at approximately $25,000. State of Wyoming increased its stake in shares of Axos Financial by 50.0% in the fourth quarter. State of Wyoming now owns 1,131 shares of the company’s stock valued at $43,000 after purchasing an additional 377 shares during the period. Quarry LP increased its stake in shares of Axos Financial by 51.6% in the first quarter. Quarry LP now owns 1,252 shares of the company’s stock valued at $46,000 after purchasing an additional 426 shares during the period. Coppell Advisory Solutions LLC acquired a new stake in shares of Axos Financial in the second quarter valued at approximately $46,000. Finally, Tobam increased its stake in shares of Axos Financial by 362.4% in the first quarter. Tobam now owns 1,845 shares of the company’s stock valued at $68,000 after purchasing an additional 1,446 shares during the period. 80.23% of the stock is owned by hedge funds and other institutional investors.

Axos Financial Trading Down 2.1 %

AX traded down $0.84 during trading on Tuesday, hitting $39.53. The company’s stock had a trading volume of 529,878 shares, compared to its average volume of 475,540. The firm’s 50 day moving average price is $43.71 and its 200-day moving average price is $40.87. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.08 and a quick ratio of 1.08. The stock has a market cap of $2.37 billion, a PE ratio of 7.92 and a beta of 1.49. Axos Financial has a twelve month low of $33.15 and a twelve month high of $51.46.

Axos Financial (NYSE:AX) last released its quarterly earnings data on Thursday, July 27th. The company reported $1.50 EPS for the quarter, topping analysts’ consensus estimates of $1.27 by $0.23. Axos Financial had a return on equity of 18.00% and a net margin of 24.04%. The business had revenue of $236.46 million during the quarter, compared to the consensus estimate of $227.98 million. On average, analysts expect that Axos Financial will post 5.42 earnings per share for the current year.

Axos Financial Company Profile

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.