Axos Financial, Inc. (NYSE:AX) Director Sells 30,000 Shares

Axos Financial, Inc. (NYSE:AX) Director Paul Grinberg sold 30,000 shares of the company’s stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $68.09, for a total value of $2,042,700.00. Following the completion of the transaction, the director now directly owns 113,295 shares of the company’s stock, valued at $7,714,256.55. This represents a 20.94 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Axos Financial Trading Down 0.4 %

Shares of AX stock opened at $68.76 on Friday. Axos Financial, Inc. has a fifty-two week low of $44.10 and a fifty-two week high of $88.46. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.09 and a current ratio of 1.09. The stock has a 50 day simple moving average of $62.77 and a two-hundred day simple moving average of $69.58. The company has a market cap of $3.88 billion, a P/E ratio of 9.24 and a beta of 1.25.

Axos Financial (NYSE:AX) last released its earnings results 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. The company had revenue of $432.72 million for the quarter, compared to the consensus estimate of $305.04 million. Axos Financial had a net margin of 22.10% and a return on equity of 18.67%. During the same quarter in the previous year, the company earned $1.91 EPS. Research analysts forecast that Axos Financial, Inc. will post 7.22 earnings per share for the current year.

Institutional Trading of Axos Financial

Several large investors have recently made changes to their positions in AX. Barclays PLC boosted its holdings in Axos Financial by 32.6% in the third quarter. Barclays PLC now owns 142,715 shares of the company’s stock worth $8,974,000 after acquiring an additional 35,087 shares in the last quarter. Virtu Financial LLC acquired a new position in shares of Axos Financial during the third quarter worth approximately $277,000. World Investment Advisors LLC bought a new position in shares of Axos Financial in the 3rd quarter worth $221,000. Principal Financial Group Inc. grew its position in Axos Financial by 27.9% in the 3rd quarter. Principal Financial Group Inc. now owns 320,717 shares of the company’s stock valued at $20,167,000 after purchasing an additional 70,017 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in Axos Financial by 12.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 281,658 shares of the company’s stock valued at $17,711,000 after purchasing an additional 32,095 shares in the last quarter. 83.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

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.