Axos Financial, Inc. (NYSE:AX) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Axos Financial, Inc. (NYSE:AX) have been assigned an average recommendation of “Moderate Buy” from the five research firms that are presently covering the firm, Marketbeat reports. Two analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $83.20.

AX has been the topic of several recent research reports. Needham & Company LLC upped their target price on shares of Axos Financial from $82.00 to $85.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Keefe, Bruyette & Woods upped their price objective on Axos Financial from $74.00 to $91.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. StockNews.com upgraded Axos Financial from a “sell” rating to a “hold” rating in a report on Monday, December 9th. 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 report on Tuesday, September 24th.

Insider Activity at Axos Financial

In other Axos Financial news, CEO Gregory Garrabrants sold 125,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $81.89, for a total value of $10,236,250.00. Following the transaction, the chief executive officer now directly owns 1,340,377 shares in the company, valued at $109,763,472.53. This represents a 8.53 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Edward James Ratinoff sold 4,002 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $79.41, for a total transaction of $317,798.82. Following the sale, the director now directly owns 46,209 shares in the company, valued at approximately $3,669,456.69. The trade was a 7.97 % decrease in their position. The disclosure for this sale can be found here. 5.07% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Axos Financial

Hedge funds have recently made changes to their positions in the company. SG Americas Securities LLC grew its position in shares of Axos Financial by 453.9% during the second quarter. SG Americas Securities LLC now owns 32,124 shares of the company’s stock worth $1,836,000 after acquiring an additional 26,324 shares during the last quarter. Loomis Sayles & Co. L P grew its position in Axos Financial by 9.4% during the 3rd quarter. Loomis Sayles & Co. L P now owns 453,425 shares of the company’s stock worth $28,512,000 after purchasing an additional 39,091 shares during the last quarter. Maverick Capital Ltd. increased its stake in Axos Financial by 287.4% in the second quarter. Maverick Capital Ltd. now owns 36,200 shares of the company’s stock valued at $2,069,000 after purchasing an additional 26,855 shares during the period. Algert Global LLC increased its stake in Axos Financial by 9.9% in the second quarter. Algert Global LLC now owns 183,352 shares of the company’s stock valued at $10,479,000 after purchasing an additional 16,448 shares during the period. Finally, First Eagle Investment Management LLC boosted its stake in shares of Axos Financial by 13.9% during the second quarter. First Eagle Investment Management LLC now owns 213,572 shares of the company’s stock worth $12,206,000 after buying an additional 26,000 shares during the period. Hedge funds and other institutional investors own 83.79% of the company’s stock.

Axos Financial Trading Down 1.2 %

AX opened at $71.12 on Friday. Axos Financial has a 52 week low of $44.10 and a 52 week high of $88.46. 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 business has a fifty day simple moving average of $75.20 and a 200-day simple moving average of $67.02. The firm has a market cap of $4.06 billion, a P/E ratio of 8.61 and a beta of 1.42.

Axos Financial (NYSE:AX) last announced its earnings results on Wednesday, October 30th. The company reported $1.96 EPS for the quarter, beating analysts’ consensus estimates of $1.80 by $0.16. The company had revenue of $512.87 million during the quarter, compared to analysts’ expectations 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 last year, the business posted $1.41 EPS. On average, equities analysts expect that Axos Financial will post 7.07 earnings per share for the current year.

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.