Keefe, Bruyette & Woods Has Lowered Expectations for Axos Financial (NYSE:AX) Stock Price

Axos Financial (NYSE:AX) had its price target trimmed by Keefe, Bruyette & Woods from $91.00 to $90.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has a market perform rating on the stock.

Other equities analysts have also issued research reports about the company. StockNews.com raised Axos Financial from a “sell” rating to a “hold” rating in a research report on Monday, December 9th. Needham & Company LLC boosted their price objective on shares of Axos Financial from $85.00 to $88.00 and gave the company a “buy” rating in a report on Wednesday. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $83.40.

Axos Financial Price Performance

Shares of AX stock opened at $69.50 on Wednesday. Axos Financial has a twelve month low of $44.10 and a twelve month high of $88.46. The stock has a market cap of $3.97 billion, a price-to-earnings ratio of 8.41 and a beta of 1.46. The business’s fifty day moving average is $74.78 and its 200 day moving average is $70.32. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.17.

Axos Financial (NYSE:AX) last issued its quarterly earnings results on Tuesday, January 28th. The company reported $1.82 earnings per share for the quarter, beating the consensus estimate of $1.75 by $0.07. Axos Financial had a return on equity of 18.99% and a net margin of 24.07%. Research analysts expect that Axos Financial will post 7.07 EPS for the current fiscal year.

Insider Transactions at Axos Financial

In related news, Director Edward James Ratinoff sold 4,002 shares of the business’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $79.41, for a total value 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Gregory Garrabrants sold 125,000 shares of Axos Financial stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $81.89, for a total value of $10,236,250.00. Following the completion of the sale, the chief executive officer now directly owns 1,340,377 shares in the company, valued at approximately $109,763,472.53. The trade was a 8.53 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 5.07% of the company’s stock.

Institutional Investors Weigh In On Axos Financial

Several large investors have recently added to or reduced their stakes in the stock. State Street Corp boosted its stake in shares of Axos Financial by 5.5% during the 3rd quarter. State Street Corp now owns 3,178,708 shares of the company’s stock worth $199,877,000 after purchasing an additional 164,997 shares during the period. Geode Capital Management LLC raised its holdings in shares of Axos Financial by 6.8% in the third quarter. Geode Capital Management LLC now owns 1,444,756 shares of the company’s stock worth $90,861,000 after buying an additional 91,797 shares during the period. Wasatch Advisors LP lifted its stake in shares of Axos Financial by 34.0% during the 3rd quarter. Wasatch Advisors LP now owns 1,154,737 shares of the company’s stock worth $72,610,000 after acquiring an additional 292,952 shares during the last quarter. Geneva Capital Management LLC lifted its stake in shares of Axos Financial by 0.3% during the 3rd quarter. Geneva Capital Management LLC now owns 708,520 shares of the company’s stock worth $44,552,000 after acquiring an additional 1,976 shares during the last quarter. Finally, Emerald Advisers LLC grew its position in Axos Financial by 14.4% in the 3rd quarter. Emerald Advisers LLC now owns 505,544 shares of the company’s stock valued at $31,789,000 after acquiring an additional 63,458 shares during the last quarter. 83.79% of the stock is owned by institutional investors.

About Axos Financial

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.