Insider Selling: Axos Financial, Inc. (NYSE:AX) Director Sells 4,002 Shares of Stock

Axos Financial, Inc. (NYSE:AX) Director Edward James Ratinoff sold 4,002 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $79.41, for a total value of $317,798.82. Following the completion of the transaction, the director now directly owns 46,209 shares in the company, valued at $3,669,456.69. The trade was a 7.97 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Axos Financial Trading Down 0.5 %

NYSE AX traded down $0.42 on Friday, reaching $80.16. The company had a trading volume of 581,063 shares, compared to its average volume of 583,199. Axos Financial, Inc. has a 52 week low of $36.93 and a 52 week high of $85.54. The stock’s 50 day moving average is $67.01 and its 200-day moving average is $63.38. The stock has a market cap of $4.58 billion, a price-to-earnings ratio of 9.70 and a beta of 1.38. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.17.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Barclays PLC boosted its position in Axos Financial by 32.6% during the third quarter. Barclays PLC now owns 142,715 shares of the company’s stock valued at $8,974,000 after purchasing an additional 35,087 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in Axos Financial during the 3rd quarter worth approximately $836,000. MML Investors Services LLC acquired a new position in Axos Financial in the 3rd quarter valued at $212,000. State Street Corp raised its holdings in Axos Financial by 5.5% in the 3rd quarter. State Street Corp now owns 3,178,708 shares of the company’s stock valued at $199,877,000 after acquiring an additional 164,997 shares in the last quarter. Finally, Quadrature Capital Ltd raised its holdings in Axos Financial by 182.3% in the 3rd quarter. Quadrature Capital Ltd now owns 16,034 shares of the company’s stock valued at $1,008,000 after acquiring an additional 10,355 shares in the last quarter. 83.79% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

AX has been the topic of several recent analyst reports. Piper Sandler lifted their price target on Axos Financial from $68.00 to $84.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. StockNews.com lowered Axos Financial from a “hold” rating to a “sell” rating in a research note on Wednesday. Keefe, Bruyette & Woods boosted their price objective 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. Raymond James boosted their price objective on Axos Financial from $67.00 to $81.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. Finally, Wedbush cut their price target on Axos Financial from $80.00 to $75.00 and set a “neutral” rating on the stock in a research note on Tuesday, September 24th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $79.80.

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.