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 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 owns 46,209 shares of the company’s stock, valued at approximately $3,669,456.69. This represents a 7.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Axos Financial Stock Performance

Shares of NYSE AX opened at $80.16 on Monday. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.17. Axos Financial, Inc. has a 12 month low of $36.93 and a 12 month high of $85.54. The stock has a 50 day moving average of $67.01 and a 200-day moving average of $63.53. The company has a market capitalization of $4.58 billion, a P/E 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 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 previous year, the company posted $1.41 EPS. As a group, equities research analysts predict that Axos Financial, Inc. will post 7.02 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on AX shares. StockNews.com downgraded Axos Financial from a “hold” rating to a “sell” rating in a research note on Wednesday, November 13th. Raymond James raised their price target on Axos Financial from $67.00 to $81.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. Needham & Company LLC raised their price target on Axos Financial from $82.00 to $85.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Wedbush reduced their target price on Axos Financial from $80.00 to $75.00 and set a “neutral” rating for the company in a research note on Tuesday, September 24th. Finally, Keefe, Bruyette & Woods lifted their target price 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. One analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $79.80.

Institutional Trading of Axos Financial

Institutional investors have recently added to or reduced their stakes in the company. Lazard Asset Management LLC boosted its stake in Axos Financial by 6.1% in the 1st quarter. Lazard Asset Management LLC now owns 260,100 shares of the company’s stock valued at $14,055,000 after purchasing an additional 14,953 shares during the period. M&G Plc bought a new stake in Axos Financial in the 1st quarter valued at $8,249,000. SG Americas Securities LLC raised its holdings in Axos Financial by 453.9% in the 2nd quarter. SG Americas Securities LLC now owns 32,124 shares of the company’s stock valued at $1,836,000 after acquiring an additional 26,324 shares in the last quarter. CANADA LIFE ASSURANCE Co raised its holdings in Axos Financial by 19.7% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 50,460 shares of the company’s stock valued at $2,727,000 after acquiring an additional 8,322 shares in the last quarter. Finally, Edgestream Partners L.P. raised its holdings in Axos Financial by 82.7% in the 1st quarter. Edgestream Partners L.P. now owns 70,915 shares of the company’s stock valued at $3,832,000 after acquiring an additional 32,098 shares in the last quarter. 83.79% of the stock is currently owned by institutional investors.

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.