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

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.

Several equities research analysts recently issued reports on AX shares. B. Riley lifted their price objective on shares of Axos Financial from $54.00 to $62.00 and gave the company a “neutral” rating in a research note on Friday, November 5th. Zacks Investment Research downgraded shares of Axos Financial from a “buy” rating to a “hold” rating in a report on Wednesday, January 5th. Finally, Raymond James lifted their target price on shares of Axos Financial from $55.00 to $60.00 and gave the stock a “strong-buy” rating in a report on Monday, November 1st. Two analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $57.50.

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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