Gregory Garrabrants Sells 43,294 Shares of Axos Financial (NYSE:AX) Stock

Axos Financial, Inc (NYSE:AX) CEO Gregory Garrabrants sold 43,294 shares of the company’s stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $99.10, for a total value of $4,290,435.40. Following the transaction, the chief executive officer directly owned 1,418,751 shares in the company, valued at approximately $140,598,224.10. The trade was a 2.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Axos Financial Price Performance

NYSE AX opened at $101.24 on Friday. Axos Financial, Inc has a one year low of $54.46 and a one year high of $101.70. The stock has a 50-day moving average of $90.28 and a 200 day moving average of $86.59. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.08 and a current ratio of 1.08. The company has a market capitalization of $5.74 billion, a price-to-earnings ratio of 12.83 and a beta of 1.27.

Axos Financial (NYSE:AX) last posted its earnings results on Thursday, January 29th. The company reported $2.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.07 by $0.18. Axos Financial had a net margin of 22.66% and a return on equity of 16.98%. The business had revenue of $385.09 million for the quarter, compared to analysts’ expectations of $345.89 million. During the same quarter in the prior year, the business earned $1.82 EPS. The business’s revenue for the quarter was up 25.1% compared to the same quarter last year. On average, sell-side analysts forecast that Axos Financial, Inc will post 7.22 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on AX shares. Keefe, Bruyette & Woods raised their price target on Axos Financial from $100.00 to $110.00 and gave the stock a “market perform” rating in a research note on Friday, January 30th. Weiss Ratings reissued a “buy (b)” rating on shares of Axos Financial in a research report on Monday, December 29th. Needham & Company LLC boosted their price target on Axos Financial from $107.00 to $110.00 and gave the company a “buy” rating in a research note on Friday, January 30th. DA Davidson increased their price objective on shares of Axos Financial from $107.50 to $112.00 and gave the stock a “buy” rating in a research note on Friday, January 30th. Finally, Jefferies Financial Group boosted their target price on shares of Axos Financial from $110.00 to $115.00 and gave the company a “buy” rating in a research report on Friday, January 30th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $104.50.

Institutional Investors Weigh In On Axos Financial

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Stieven Capital Advisors L.P. boosted its position in shares of Axos Financial by 8.0% in the fourth quarter. Stieven Capital Advisors L.P. now owns 255,859 shares of the company’s stock worth $22,045,000 after purchasing an additional 18,900 shares during the period. Global Retirement Partners LLC boosted its holdings in Axos Financial by 524.1% in the 4th quarter. Global Retirement Partners LLC now owns 1,529 shares of the company’s stock worth $132,000 after buying an additional 1,284 shares during the period. Csenge Advisory Group increased its stake in Axos Financial by 28.4% in the 4th quarter. Csenge Advisory Group now owns 20,549 shares of the company’s stock worth $1,771,000 after buying an additional 4,550 shares in the last quarter. ProShare Advisors LLC raised its holdings in Axos Financial by 3.1% during the fourth quarter. ProShare Advisors LLC now owns 10,607 shares of the company’s stock valued at $914,000 after acquiring an additional 319 shares during the period. Finally, Oregon Public Employees Retirement Fund lifted its position in shares of Axos Financial by 2.4% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 13,004 shares of the company’s stock valued at $1,120,000 after acquiring an additional 300 shares in the last quarter. Institutional investors own 83.79% of the company’s stock.

About Axos Financial

Axos Financial, Inc (NYSE: AX) is a diversified online banking and financial services holding company headquartered in San Diego, California. The firm traces its origins to 1999 with the launch of Bank of Internet USA and rebranded as Axos Financial in December 2018 to reflect an expanded suite of digital offerings. Axos Financial operates through its wholly owned subsidiary, Axos Bank, providing a technology-driven banking platform that serves both retail and commercial clients across the United States.

Through its digital banking platform, Axos Financial delivers a range of deposit products, including checking and savings accounts, money market and certificate of deposit accounts, as well as individual retirement accounts.