Axos Financial, Inc. (NYSE:AX) Director Sells $317,798.82 in Stock

Axos Financial, Inc. (NYSE:AX) Director Edward James Ratinoff sold 4,002 shares of Axos Financial stock in a transaction 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 of the company’s stock, valued at $3,669,456.69. This represents a 7.97 % 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

Shares of AX opened at $80.16 on Monday. Axos Financial, Inc. has a 12-month low of $36.93 and a 12-month high of $85.54. The business has a 50-day simple moving average of $67.01 and a two-hundred day simple moving average of $63.53. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.17. The stock has a market cap of $4.58 billion, a PE ratio of 9.70 and a beta of 1.38.

Axos Financial (NYSE:AX) last issued its earnings results 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 analysts’ expectations of $299.59 million. During the same quarter in the prior year, the firm earned $1.41 EPS. Analysts anticipate that Axos Financial, Inc. will post 7.02 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Axos Financial

A number of institutional investors have recently made changes to their positions in the stock. State Street Corp grew its position in shares of 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 buying an additional 164,997 shares during the last quarter. American Century Companies Inc. grew its position in shares of Axos Financial by 26.2% in the 2nd quarter. American Century Companies Inc. now owns 1,549,748 shares of the company’s stock valued at $88,568,000 after buying an additional 321,494 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Axos Financial by 6.8% in the 3rd quarter. Geode Capital Management LLC now owns 1,444,756 shares of the company’s stock valued at $90,861,000 after buying an additional 91,797 shares during the last quarter. Wasatch Advisors LP grew its position in shares of Axos Financial by 34.0% in the 3rd quarter. Wasatch Advisors LP now owns 1,154,737 shares of the company’s stock valued at $72,610,000 after buying an additional 292,952 shares during the last quarter. Finally, Geneva Capital Management LLC grew its position in shares of Axos Financial by 0.3% in the 3rd quarter. Geneva Capital Management LLC now owns 708,520 shares of the company’s stock valued at $44,552,000 after buying an additional 1,976 shares during the last quarter. Institutional investors own 83.79% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on AX. Piper Sandler boosted their price target on Axos Financial from $68.00 to $84.00 and gave the stock an “overweight” rating in a report on Wednesday, July 31st. Needham & Company LLC boosted their price target on 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 boosted their price target on Axos Financial from $72.00 to $74.00 and gave the stock a “market perform” rating in a report on Friday, November 1st. Raymond James boosted their price target on Axos Financial from $67.00 to $81.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. Finally, StockNews.com cut Axos Financial from a “hold” rating to a “sell” rating in a report on Wednesday, November 13th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price 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.