Shares of Axos Financial, Inc. (NYSE:AX – Get Free Report) have been assigned an average rating of “Moderate Buy” from the six ratings firms that are presently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $84.17.
Several equities research analysts have recently issued reports on AX shares. Keefe, Bruyette & Woods lowered their target price on shares of Axos Financial from $91.00 to $90.00 and set a “market perform” rating for the company in a report on Wednesday. DA Davidson dropped their target price on Axos Financial from $96.00 to $88.00 and set a “buy” rating for the company in a research report on Thursday. Needham & Company LLC increased their price target on Axos Financial from $85.00 to $88.00 and gave the stock a “buy” rating in a report on Wednesday. Raymond James restated an “outperform” rating and set a $80.00 price objective (up previously from $75.00) on shares of Axos Financial in a report on Wednesday. Finally, StockNews.com upgraded Axos Financial from a “sell” rating to a “hold” rating in a research report on Monday, December 9th.
Get Our Latest Research Report on Axos Financial
Insider Buying and Selling
In other news, CEO Gregory Garrabrants sold 125,000 shares of the company’s 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 completion of the sale, the chief executive officer now owns 1,340,377 shares of the company’s stock, valued at approximately $109,763,472.53. This represents a 8.53 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Edward James Ratinoff sold 4,002 shares of Axos Financial stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $79.41, for a total transaction of $317,798.82. Following the transaction, 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 disclosure for this sale can be found here. 5.07% of the stock is owned by insiders.
Institutional Inflows and Outflows
Several large investors have recently made changes to their positions in the stock. Kathleen S. Wright Associates Inc. bought a new position in shares of Axos Financial during the 3rd quarter worth approximately $27,000. Heck Capital Advisors LLC acquired a new position in shares of Axos Financial during the fourth quarter worth $35,000. Ashton Thomas Securities LLC purchased a new stake in shares of Axos Financial during the 3rd quarter valued at $41,000. Farther Finance Advisors LLC boosted its position in shares of Axos Financial by 881.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 648 shares of the company’s stock worth $41,000 after purchasing an additional 582 shares in the last quarter. Finally, Kestra Investment Management LLC purchased a new position in Axos Financial during the 4th quarter worth $52,000. 83.79% of the stock is owned by institutional investors.
Axos Financial Price Performance
NYSE:AX opened at $70.03 on Friday. The firm has a market capitalization of $4.00 billion, a price-to-earnings ratio of 9.41 and a beta of 1.46. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.08 and a quick ratio of 1.08. The business has a 50 day simple moving average of $74.24 and a 200-day simple moving average of $70.34. Axos Financial has a 1 year low of $44.10 and a 1 year high of $88.46.
Axos Financial (NYSE:AX – Get Free Report) last released 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 19.12% and a net margin of 22.10%. Equities analysts forecast that Axos Financial will post 7.16 EPS for the current year.
Axos Financial Company Profile
(Get Free Report
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.
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