Brokerages Set Axos Financial, Inc. (NYSE:AX) PT at $79.75

Shares of Axos Financial, Inc. (NYSE:AX) have been assigned an average rating of “Moderate Buy” from the four brokerages that are currently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $79.75.

Several research analysts recently commented on the stock. Raymond James boosted their price objective on shares of Axos Financial from $67.00 to $81.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. Piper Sandler boosted their price objective on shares of Axos Financial from $68.00 to $84.00 and gave the company an “overweight” rating in a report on Wednesday, July 31st. Wedbush reduced their price objective on Axos Financial from $80.00 to $75.00 and set a “neutral” rating for the company in a research note on Tuesday, September 24th. Finally, Keefe, Bruyette & Woods downgraded shares of Axos Financial from an “outperform” rating to a “market perform” rating and set a $79.00 price objective on the stock. in a report on Wednesday, July 31st.

Axos Financial Stock Down 3.7 %

Shares of AX opened at $60.58 on Friday. Axos Financial has a 52-week low of $32.05 and a 52-week high of $79.15. 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 moving average of $66.58 and a 200 day moving average of $59.46. The company has a market cap of $3.45 billion, a PE ratio of 8.22 and a beta of 1.40.

Axos Financial (NYSE:AX) last announced its quarterly earnings data on Tuesday, July 30th. The company reported $1.80 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.80. Axos Financial had a net margin of 23.96% and a return on equity of 18.57%. The company had revenue of $484.29 million during the quarter, compared to analyst estimates of $296.02 million. During the same quarter last year, the business posted $1.50 EPS. On average, sell-side analysts expect that Axos Financial will post 7.17 EPS for the current year.

Insider Transactions at Axos Financial

In related news, EVP Andrew J. Micheletti sold 5,197 shares of the stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $63.13, for a total value of $328,086.61. Following the sale, the executive vice president now owns 424,149 shares of the company’s stock, valued at approximately $26,776,526.37. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 4.82% of the company’s stock.

Institutional Trading of Axos Financial

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Lazard Asset Management LLC raised its position in Axos Financial by 6.1% in the first quarter. Lazard Asset Management LLC now owns 260,100 shares of the company’s stock worth $14,055,000 after purchasing an additional 14,953 shares in the last quarter. GSA Capital Partners LLP raised its holdings in Axos Financial by 122.2% during the first quarter. GSA Capital Partners LLP now owns 31,440 shares of the company’s stock worth $1,699,000 after acquiring an additional 17,288 shares in the last quarter. Nomura Holdings Inc. acquired a new stake in Axos Financial in the fourth quarter valued at $5,495,000. First Eagle Investment Management LLC boosted its stake in shares of Axos Financial by 7.2% during the 1st quarter. First Eagle Investment Management LLC now owns 187,572 shares of the company’s stock worth $10,136,000 after acquiring an additional 12,650 shares during the period. Finally, BNP Paribas Financial Markets grew its stake in Axos Financial by 37.6% in the 1st quarter. BNP Paribas Financial Markets now owns 45,960 shares of the company’s stock valued at $2,484,000 after buying an additional 12,560 shares during the last quarter. Institutional investors and hedge funds own 83.79% of the company’s stock.

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.