Axos Financial, Inc. (NYSE:AX) Receives Consensus Rating of “Moderate Buy” from Analysts

Axos Financial, Inc. (NYSE:AX) has received a consensus rating of “Moderate Buy” from the five ratings firms that are currently covering the firm, MarketBeat reports. Two 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 analysts that have issued ratings on the stock in the last year is $83.20.

A number of equities research analysts recently issued reports on the stock. Needham & Company LLC increased their target price 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. Wedbush decreased their price objective on shares of Axos Financial from $80.00 to $75.00 and set a “neutral” rating on the stock in a report on Tuesday, September 24th. StockNews.com raised Axos Financial from a “sell” rating to a “hold” rating in a report on Monday. Finally, Keefe, Bruyette & Woods boosted 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.

Insider Activity at Axos Financial

In related news, CEO Gregory Garrabrants sold 125,000 shares of the firm’s 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 sale, the chief executive officer now owns 1,340,377 shares of the company’s stock, valued at approximately $109,763,472.53. This trade represents a 8.53 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Edward James Ratinoff sold 4,002 shares of the business’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $79.41, for a total value of $317,798.82. Following the completion of the transaction, the director now directly owns 46,209 shares of the company’s stock, 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 currently owned by corporate insiders.

Institutional Trading of Axos Financial

Several hedge funds have recently bought and sold shares of the stock. American Century Companies Inc. boosted its holdings in Axos Financial by 26.2% during the second quarter. American Century Companies Inc. now owns 1,549,748 shares of the company’s stock worth $88,568,000 after purchasing an additional 321,494 shares during the last quarter. 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 worth $72,610,000 after buying an additional 292,952 shares in the last quarter. Millennium Management LLC boosted its stake in shares of Axos Financial by 107.9% during the 2nd quarter. Millennium Management LLC now owns 367,251 shares of the company’s stock worth $20,988,000 after buying an additional 190,584 shares during the last quarter. State Street Corp grew its holdings in shares of Axos Financial by 5.5% in the 3rd 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 in the last quarter. Finally, Geode Capital Management LLC increased its position 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 valued at $90,861,000 after acquiring an additional 91,797 shares during the last quarter. 83.79% of the stock is currently owned by institutional investors and hedge funds.

Axos Financial Stock Down 0.7 %

NYSE AX opened at $79.43 on Friday. Axos Financial has a 1-year low of $44.10 and a 1-year high of $88.46. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.17. The stock’s 50 day moving average is $73.92 and its two-hundred day moving average is $66.32. The company has a market capitalization of $4.53 billion, a price-to-earnings ratio of 9.62 and a beta of 1.42.

Axos Financial (NYSE:AX) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $1.96 earnings per share 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 for the quarter, compared to analysts’ expectations of $299.59 million. During the same period in the prior year, the business posted $1.41 earnings per share. Equities analysts forecast 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.