Axos Financial, Inc. (NYSE:AX) CEO Gregory Garrabrants Sells 125,000 Shares

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

Axos Financial Trading Up 1.6 %

NYSE AX traded up $1.30 on Friday, hitting $80.63. The company’s stock had a trading volume of 528,770 shares, compared to its average volume of 583,464. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.17. Axos Financial, Inc. has a 52-week low of $32.05 and a 52-week high of $82.95. The firm has a market cap of $4.60 billion, a P/E ratio of 9.60 and a beta of 1.38. The company’s 50-day simple moving average is $65.27 and its 200 day simple moving average is $62.15.

Axos Financial (NYSE:AX) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $1.96 EPS for the quarter, topping the consensus estimate of $1.80 by $0.16. The business 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 business earned $1.41 EPS. Research analysts predict that Axos Financial, Inc. will post 7.02 EPS for the current fiscal year.

Institutional Trading of Axos Financial

Several large investors have recently bought and sold shares of the company. Crossmark Global Holdings Inc. boosted its holdings in Axos Financial by 4.4% in the third quarter. Crossmark Global Holdings Inc. now owns 3,836 shares of the company’s stock worth $241,000 after acquiring an additional 162 shares in the last quarter. Mercer Global Advisors Inc. ADV boosted its stake in Axos Financial by 5.3% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 5,291 shares of the company’s stock valued at $302,000 after purchasing an additional 266 shares during the last quarter. CWM LLC lifted its holdings in shares of Axos Financial by 5.4% during the second quarter. CWM LLC now owns 5,208 shares of the company’s stock valued at $298,000 after purchasing an additional 269 shares in the last quarter. SummerHaven Investment Management LLC boosted its position in shares of Axos Financial by 1.6% during the second quarter. SummerHaven Investment Management LLC now owns 17,645 shares of the company’s stock valued at $1,008,000 after buying an additional 281 shares during the last quarter. Finally, GAMMA Investing LLC increased its holdings in Axos Financial by 45.7% in the 3rd quarter. GAMMA Investing LLC now owns 982 shares of the company’s stock worth $62,000 after buying an additional 308 shares in the last quarter. 83.79% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on AX shares. Raymond James upped their target price on Axos Financial from $67.00 to $81.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. Piper Sandler increased their target price 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. Wedbush decreased their target price on shares of Axos Financial from $80.00 to $75.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 24th. StockNews.com cut Axos Financial from a “hold” rating to a “sell” rating in a report on Thursday. Finally, Keefe, Bruyette & Woods lifted their price target on Axos Financial from $72.00 to $74.00 and gave the stock a “market perform” rating in a research note on Friday, November 1st. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, Axos Financial has a consensus rating of “Hold” and a consensus target price of $79.80.

About Axos Financial

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.