Insider Selling: Axos Financial, Inc. (NYSE:AX) CEO Sells 125,000 Shares of Stock

Axos Financial, Inc. (NYSE:AX) CEO Gregory Garrabrants sold 125,000 shares of the business’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $81.89, for a total transaction of $10,236,250.00. Following the completion of the transaction, the chief executive officer now directly owns 1,340,377 shares in the company, valued at $109,763,472.53. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

Axos Financial Trading Up 1.6 %

AX traded up $1.30 during trading on Friday, hitting $80.63. 528,770 shares of the stock were exchanged, compared to its average volume of 583,464. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.08 and a current ratio of 1.08. The firm has a 50 day simple moving average of $65.27 and a 200 day simple moving average of $62.15. The firm has a market cap of $4.60 billion, a price-to-earnings ratio of 9.60 and a beta of 1.38. Axos Financial, Inc. has a 1 year low of $32.05 and a 1 year high of $82.95.

Axos Financial (NYSE:AX) last released its quarterly earnings data on Wednesday, October 30th. The company reported $1.96 earnings per share for the quarter, topping analysts’ consensus estimates of $1.80 by $0.16. The company had revenue of $512.87 million during the quarter, compared to analyst estimates of $299.59 million. Axos Financial had a net margin of 24.07% and a return on equity of 18.99%. During the same period in the prior year, the firm earned $1.41 earnings per share. As a group, equities analysts expect that Axos Financial, Inc. will post 7.02 EPS for the current year.

Wall Street Analysts Forecast Growth

AX has been the topic of several recent research reports. Keefe, Bruyette & Woods upped their price objective on Axos Financial from $72.00 to $74.00 and gave the stock a “market perform” rating in a report on Friday, November 1st. StockNews.com downgraded shares of Axos Financial from a “hold” rating to a “sell” rating in a report on Thursday. Piper Sandler increased their price target on shares of Axos Financial from $68.00 to $84.00 and gave the company an “overweight” rating in a report on Wednesday, July 31st. Needham & Company LLC upped their price objective on Axos Financial from $82.00 to $85.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Finally, Raymond James lifted their target price on Axos Financial from $67.00 to $81.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Axos Financial currently has an average rating of “Hold” and an average target price of $79.80.

Hedge Funds Weigh In On Axos Financial

Several institutional investors have recently bought and sold shares of the business. Kathleen S. Wright Associates Inc. acquired a new position in shares of Axos Financial during the third quarter valued at about $27,000. Hollencrest Capital Management purchased a new position in shares of Axos Financial in the second quarter worth $25,000. EntryPoint Capital LLC lifted its stake in shares of Axos Financial by 816.7% during the first quarter. EntryPoint Capital LLC now owns 495 shares of the company’s stock worth $27,000 after buying an additional 441 shares during the period. Farther Finance Advisors LLC grew its holdings in shares of Axos Financial by 881.8% during the third quarter. Farther Finance Advisors LLC now owns 648 shares of the company’s stock valued at $41,000 after buying an additional 582 shares during the last quarter. Finally, Ashton Thomas Securities LLC acquired a new position in shares of Axos Financial in the 3rd quarter valued at $41,000. 83.79% of the stock is owned by hedge funds and other institutional investors.

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.