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

Axos Financial, Inc. (NYSE:AX) CEO Gregory Garrabrants sold 125,000 shares of the stock in a transaction on 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 sale, the chief executive officer now 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 sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Axos Financial Stock Up 1.6 %

Shares of Axos Financial stock opened at $80.62 on Friday. Axos Financial, Inc. has a 12-month low of $32.05 and a 12-month high of $82.95. The company has a market cap of $4.60 billion, a P/E ratio of 9.76 and a beta of 1.38. The company’s fifty day simple moving average is $65.49 and its two-hundred day simple moving average is $62.43. 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 (NYSE:AX) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $1.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.80 by $0.16. Axos Financial had a return on equity of 18.99% and a net margin of 24.07%. The business had revenue of $512.87 million during the quarter, compared to the consensus estimate of $299.59 million. During the same quarter in the prior year, the company earned $1.41 earnings per share. Research analysts anticipate that Axos Financial, Inc. will post 7.02 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on AX. Needham & Company LLC lifted their price objective on shares of Axos Financial from $82.00 to $85.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Keefe, Bruyette & Woods upped their target price 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. Wedbush decreased their price target on shares of Axos Financial from $80.00 to $75.00 and set a “neutral” rating on the stock in a research note on Tuesday, September 24th. StockNews.com lowered shares of Axos Financial from a “hold” rating to a “sell” rating in a report on Thursday. Finally, Piper Sandler lifted their price objective on Axos Financial from $68.00 to $84.00 and gave the stock an “overweight” rating in a report on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $79.80.

Hedge Funds Weigh In On Axos Financial

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Intech Investment Management LLC grew its position in shares of Axos Financial by 74.0% during the third quarter. Intech Investment Management LLC now owns 27,441 shares of the company’s stock worth $1,725,000 after purchasing an additional 11,674 shares in the last quarter. Advisors Asset Management Inc. grew its holdings in Axos Financial by 33.9% during the 3rd quarter. Advisors Asset Management Inc. now owns 1,961 shares of the company’s stock valued at $123,000 after buying an additional 496 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in Axos Financial in the 3rd quarter worth approximately $1,641,000. Natixis Advisors LLC grew its holdings in shares of Axos Financial by 14.9% in the third quarter. Natixis Advisors LLC now owns 21,030 shares of the company’s stock valued at $1,322,000 after purchasing an additional 2,727 shares in the last quarter. Finally, Empowered Funds LLC bought a new stake in shares of Axos Financial in the 3rd quarter worth about $800,000. Institutional investors own 83.79% of the company’s stock.

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.