Axos Financial CEO Gregory Garrabrants Sells 125,000 Shares

Gregory Garrabrants, the CEO of Axos Financial, Inc. (NYSE:AX), recently sold 125,000 shares of the company. This transaction took place on Wednesday, November 6th, and the shares were sold at an average price of $81.89 each. In total, the sale brought in approximately $10,236,250.00. After this sale, Garrabrants holds 1,340,377 shares of Axos Financial, valued at about $109,763,472.53, marking no change in his overall ownership percentage.

The details of this transaction were made public through a filing with the Securities and Exchange Commission (SEC), which can be accessed on the SEC's official website.

Axos Financial Stock Performance

On Friday, Axos Financial's stock rose by 1.6%, reaching a price of $80.63 per share. The daily trading volume for the stock was 528,770 shares, below its average volume of 583,464 shares. The company currently holds a market capitalization of approximately $4.60 billion. Some key financial ratios for Axos Financial include a current ratio of 1.08, a quick ratio of 1.08, and a debt-to-equity ratio of 0.17. Over the past year, the stock hit a low of $32.05 and a high of $82.95, with a price-to-earnings (P/E) ratio standing at 9.60.

Recent Earnings Report

Axos Financial recently released its quarterly earnings data on Wednesday, October 30th. The company reported earnings per share (EPS) of $1.96, exceeding analysts' expectations of $1.80 by $0.16. During the same quarter, Axos Financial recorded revenue of $512.87 million, significantly above the anticipated $299.59 million. The firm also boasted a net margin of 24.07% and a return on equity of 18.99%. Comparatively, the same quarter last year saw an EPS of $1.41. Analysts predict that Axos Financial will achieve 7.02 EPS for the ongoing fiscal year.

Institutional Investment in Axos Financial

A number of institutional investors have recently adjusted their holdings in Axos Financial. For instance, Crossmark Global Holdings Inc. increased its stake by 4.4% in the third quarter, owning 3,836 shares valued at around $241,000 after acquiring 162 additional shares. Similarly, Mercer Global Advisors Inc. ADV raised its stake in the company by 5.3%, now owning 5,291 shares valued at $302,000 after purchasing 266 shares. Other institutional investors, such as CWM LLC and SummerHaven Investment Management LLC, also expanded their holdings during the second quarter. Currently, institutional investors own approximately 83.79% of Axos Financial's stock.

Analysts' Outlook for Axos Financial

Various analysts have recently provided insights regarding Axos Financial's stock. Raymond James has raised their target price for Axos from $67.00 to $81.00, labeling the stock an "outperform" in a report dated July 31st. Additionally, Piper Sandler revised their target price from $68.00 to $84.00, giving the stock an "overweight" rating. Conversely, Wedbush lowered their price target from $80.00 to $75.00, assigning a "neutral" rating. Currently, the stock carries a consensus rating of "Hold" and a target price estimate of $79.80, with one analyst recommending a sell, two maintaining a hold rating, and three offering a buy recommendation.

About Axos Financial

Axos Financial, Inc. is a financial service provider based in the United States that offers a variety of consumer and business banking products. The company operates through two main segments: the Banking Business and the Securities Business, providing services such as checking and savings accounts, and time deposits.

Axos, Stock, Sale