Brokerages Set Axos Financial, Inc. (NYSE:AX) PT at $83.20

Axos Financial, Inc. (NYSE:AX) has been assigned an average recommendation of “Moderate Buy” from the five brokerages that are covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $83.20.

A number of research firms have recently issued reports on AX. StockNews.com raised shares of Axos Financial from a “sell” rating to a “hold” rating in a research report on Monday, December 9th. Wedbush dropped their price objective on Axos Financial from $80.00 to $75.00 and set a “neutral” rating on the stock in a report on Tuesday, September 24th. Keefe, Bruyette & Woods increased their price objective on Axos Financial from $74.00 to $91.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. Finally, Needham & Company LLC increased their price objective on Axos Financial from $82.00 to $85.00 and gave the stock a “buy” rating in a report on Thursday, October 31st.

Insider Buying and Selling at Axos Financial

In other Axos Financial news, Director Edward James Ratinoff sold 4,002 shares of the 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 transaction, the director now owns 46,209 shares in the company, valued at $3,669,456.69. This trade represents a 7.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, 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 owns 1,340,377 shares in the company, valued at approximately $109,763,472.53. This trade represents 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.

Hedge Funds Weigh In On Axos Financial

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. World Investment Advisors LLC bought a new position in Axos Financial during the third quarter worth $221,000. Sanctuary Advisors LLC increased its position in Axos Financial by 98.8% during the third quarter. Sanctuary Advisors LLC now owns 20,631 shares of the company’s stock worth $1,297,000 after acquiring an additional 10,252 shares during the period. Virtu Financial LLC bought a new position in Axos Financial during the third quarter worth $277,000. Geode Capital Management LLC increased its position in Axos Financial by 6.8% during the third quarter. Geode Capital Management LLC now owns 1,444,756 shares of the company’s stock worth $90,861,000 after acquiring an additional 91,797 shares during the period. Finally, Barclays PLC increased its position in Axos Financial by 32.6% during the third quarter. Barclays PLC now owns 142,715 shares of the company’s stock worth $8,974,000 after acquiring an additional 35,087 shares during the period. Institutional investors own 83.79% of the company’s stock.

Axos Financial Price Performance

NYSE AX opened at $77.10 on Friday. The company has a 50 day simple moving average of $74.64 and a 200-day simple moving average of $66.83. 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 firm has a market capitalization of $4.40 billion, a price-to-earnings ratio of 9.34 and a beta of 1.42. Axos Financial has a 52-week low of $44.10 and a 52-week high of $88.46.

Axos Financial (NYSE:AX) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $1.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.80 by $0.16. The business had revenue of $512.87 million during the quarter, compared to analyst estimates of $299.59 million. Axos Financial had a net margin of 24.07% and a return on equity of 18.99%. During the same period in the prior year, the firm earned $1.41 earnings per share. Equities research analysts predict that Axos Financial will post 7.07 earnings per share for the current fiscal 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.