Axos Financial, Inc. (NYSE:AX) was the recipient of unusually large options trading activity on Friday. Traders bought 10,352 put options on the company. This is an increase of approximately 19,432% compared to the typical volume of 53 put options.
In other Axos Financial news, EVP Thomas M. Constantine sold 2,000 shares of Axos Financial stock in a transaction on Tuesday, November 16th. The shares were sold at an average price of $59.88, for a total transaction of $119,760.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Andrew J. Micheletti sold 25,318 shares of Axos Financial stock in a transaction on Tuesday, November 9th. The shares were sold at an average price of $60.35, for a total transaction of $1,527,941.30. The disclosure for this sale can be found here. Insiders sold a total of 33,038 shares of company stock valued at $1,972,998 in the last ninety days. Company insiders own 4.73% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. IFP Advisors Inc increased its stake in Axos Financial by 225.3% in the third quarter. IFP Advisors Inc now owns 527 shares of the company’s stock valued at $29,000 after acquiring an additional 365 shares during the period. Financial Management Professionals Inc. acquired a new position in Axos Financial in the third quarter valued at about $77,000. Hanseatic Management Services Inc. boosted its position in Axos Financial by 23.6% in the third quarter. Hanseatic Management Services Inc. now owns 1,788 shares of the company’s stock valued at $92,000 after buying an additional 341 shares in the last quarter. Wedbush Securities Inc. acquired a new position in Axos Financial in the third quarter valued at about $201,000. Finally, Bridgefront Capital LLC acquired a new position in Axos Financial in the second quarter valued at about $204,000. 76.92% of the stock is currently owned by institutional investors and hedge funds.
NYSE AX opened at $60.46 on Friday. The stock has a market cap of $3.60 billion, a P/E ratio of 16.38 and a beta of 1.51. The company’s 50-day simple moving average is $57.75 and its 200 day simple moving average is $52.18. Axos Financial has a twelve month low of $38.32 and a twelve month 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 0.55.
Axos Financial (NYSE:AX) last posted its earnings results on Wednesday, October 27th. The company reported $0.99 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.89 by $0.10. The business had revenue of $173.34 million for the quarter, compared to analysts’ expectations of $167.06 million. Axos Financial had a net margin of 30.84% and a return on equity of 16.75%. The firm’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.91 earnings per share. Research analysts anticipate that Axos Financial will post 3.94 earnings per share for the current year.
About Axos Financial
Axos Financial, Inc is a holding company, which engages in the provision of banking and financing services. It operates through the following segments: Banking Business and Securities Business. The Banking Business segment includes online banking, concierge banking, prepaid card services, and mortgage, vehicle, and unsecured lending through online and telephonic distribution channels.
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