Insider Selling: Axos Financial, Inc. (NYSE:AX) Director Sells $2,042,700.00 in Stock

Axos Financial, Inc. (NYSE:AX) Director Paul Grinberg sold 30,000 shares of Axos Financial stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $68.09, for a total transaction of $2,042,700.00. Following the sale, the director now directly owns 113,295 shares of the company’s stock, valued at $7,714,256.55. The trade was a 20.94 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Axos Financial Trading Down 0.4 %

Shares of Axos Financial stock opened at $68.76 on Friday. The firm’s 50-day moving average price is $62.77 and its two-hundred day moving average price is $69.58. The company has a market capitalization of $3.88 billion, a price-to-earnings ratio of 9.24 and a beta of 1.25. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.20. Axos Financial, Inc. has a 12-month low of $44.10 and a 12-month high of $88.46.

Axos Financial (NYSE:AX) last announced its quarterly earnings data on Wednesday, April 30th. The company reported $1.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.74 by $0.07. Axos Financial had a net margin of 22.10% and a return on equity of 18.67%. The business had revenue of $432.72 million for the quarter, compared to analysts’ expectations of $305.04 million. During the same period last year, the firm posted $1.91 earnings per share. On average, analysts forecast that Axos Financial, Inc. will post 7.22 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on AX shares. Piper Sandler reduced their price objective on Axos Financial from $84.00 to $80.00 and set an “overweight” rating for the company in a report on Thursday, May 1st. Keefe, Bruyette & Woods decreased their price objective on Axos Financial from $91.00 to $90.00 and set a “market perform” rating on the stock in a report on Wednesday, January 29th. Raymond James reissued an “outperform” rating and set a $72.00 target price (down previously from $80.00) on shares of Axos Financial in a report on Friday, May 2nd. Needham & Company LLC restated a “buy” rating and issued a $88.00 price target on shares of Axos Financial in a research note on Thursday, May 1st. Finally, DA Davidson dropped their price objective on shares of Axos Financial from $88.00 to $84.00 and set a “buy” rating for the company in a research note on Thursday, May 1st. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Axos Financial presently has a consensus rating of “Moderate Buy” and a consensus price target of $81.50.

Hedge Funds Weigh In On Axos Financial

Institutional investors have recently modified their holdings of the business. JPMorgan Chase & Co. raised its stake in Axos Financial by 12.9% during the third quarter. JPMorgan Chase & Co. now owns 281,658 shares of the company’s stock worth $17,711,000 after acquiring an additional 32,095 shares in the last quarter. Barclays PLC increased its position in Axos Financial by 32.6% during the 3rd quarter. Barclays PLC now owns 142,715 shares of the company’s stock worth $8,974,000 after purchasing an additional 35,087 shares in the last quarter. Principal Financial Group Inc. lifted its stake in Axos Financial by 5.4% in the 4th quarter. Principal Financial Group Inc. now owns 337,918 shares of the company’s stock valued at $23,604,000 after purchasing an additional 17,201 shares during the last quarter. Assenagon Asset Management S.A. acquired a new stake in Axos Financial in the fourth quarter valued at approximately $9,849,000. Finally, Empowered Funds LLC grew its stake in shares of Axos Financial by 28.2% during the fourth quarter. Empowered Funds LLC now owns 16,306 shares of the company’s stock worth $1,139,000 after buying an additional 3,588 shares during the last quarter. Institutional investors and hedge funds 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.