Analysts Set Axos Financial, Inc. (NYSE:AX) Price Target at $83.20

Axos Financial, Inc. (NYSE:AX) has earned an average rating of “Moderate Buy” from the five research firms that are currently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $83.20.

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

Insider Activity

In related news, Director Edward James Ratinoff sold 4,002 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The shares were 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 of the company’s stock, 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 through the SEC website. Also, CEO Gregory Garrabrants sold 125,000 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $81.89, for a total transaction of $10,236,250.00. Following the completion of the transaction, the chief executive officer now directly owns 1,340,377 shares in the company, valued at $109,763,472.53. The trade was a 8.53 % decrease in their position. The disclosure for this sale can be found here. 5.07% of the stock is owned by company insiders.

Institutional Investors Weigh In On Axos Financial

A number of hedge funds have recently made changes to their positions in AX. State Street Corp raised its stake in shares of Axos Financial by 5.5% during the third quarter. State Street Corp now owns 3,178,708 shares of the company’s stock valued at $199,877,000 after acquiring an additional 164,997 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of Axos Financial by 26.2% during the 2nd quarter. American Century Companies Inc. now owns 1,549,748 shares of the company’s stock valued at $88,568,000 after buying an additional 321,494 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Axos Financial by 6.8% in the 3rd 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 position in Axos Financial by 34.0% during the 3rd quarter. Wasatch Advisors LP now owns 1,154,737 shares of the company’s stock valued at $72,610,000 after acquiring an additional 292,952 shares during the period. Finally, Geneva Capital Management LLC boosted its stake in Axos Financial by 0.3% during the third 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 in the last quarter. 83.79% of the stock is currently owned by institutional investors.

Axos Financial Trading Up 0.3 %

AX opened at $79.62 on Friday. The company has a fifty day moving average price of $74.28 and a two-hundred day moving average price of $66.65. Axos Financial has a 1-year low of $44.10 and a 1-year high of $88.46. The company has a market cap of $4.55 billion, a P/E ratio of 9.64 and a beta of 1.42. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.17.

Axos Financial (NYSE:AX) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $1.96 EPS for the quarter, beating analysts’ consensus estimates of $1.80 by $0.16. Axos Financial had a return on equity of 18.99% and a net margin of 24.07%. The firm had revenue of $512.87 million during the quarter, compared to analysts’ expectations of $299.59 million. During the same quarter last year, the firm posted $1.41 earnings per share. Analysts predict that Axos Financial will post 7.07 EPS 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.