Axos Financial, Inc. (NYSE:AX) Receives $83.20 Average Target Price from Brokerages

Axos Financial, Inc. (NYSE:AX - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the five analysts that are currently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month target price among analysts 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. Wedbush cut their price objective on shares of Axos Financial from $80.00 to $75.00 and set a "neutral" rating for the company in a research report on Tuesday, September 24th. StockNews.com raised shares of Axos Financial from a "sell" rating to a "hold" rating in a report on Monday, December 9th. Keefe, Bruyette & Woods lifted their price objective on Axos Financial from $74.00 to $91.00 and gave the company a "market perform" rating in a report on Wednesday, December 4th. Finally, Needham & Company LLC increased their target price on Axos Financial from $82.00 to $85.00 and gave the stock a "buy" rating in a research note on Thursday, October 31st.

Insider Activity

In other Axos Financial news, CEO Gregory Garrabrants sold 125,000 shares of the company's stock in a transaction dated 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 sale, the chief executive officer now owns 1,340,377 shares of the company's stock, valued at $109,763,472.53. This represents a 8.53 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Edward James Ratinoff sold 4,002 shares of the firm's 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 directly owns 46,209 shares of the company's stock, valued at approximately $3,669,456.69. This trade represents a 7.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 5.07% of the company's stock.

Institutional Trading of Axos Financial

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Hollencrest Capital Management acquired a new position in Axos Financial in the second quarter valued at $25,000. Kathleen S. Wright Associates Inc. acquired a new position in shares of Axos Financial during the 3rd quarter valued at about $27,000. Ashton Thomas Securities LLC purchased a new position in shares of Axos Financial during the 3rd quarter worth about $41,000. Farther Finance Advisors LLC boosted its position in shares of Axos Financial by 881.8% in the third quarter. Farther Finance Advisors LLC now owns 648 shares of the company's stock worth $41,000 after acquiring an additional 582 shares during the last quarter. Finally, GAMMA Investing LLC grew its holdings in Axos Financial by 45.7% in the third quarter. GAMMA Investing LLC now owns 982 shares of the company's stock valued at $62,000 after purchasing an additional 308 shares during the period. 83.79% of the stock is currently owned by hedge funds and other institutional investors.

Axos Financial Stock Performance

Shares of AX traded down $1.35 during mid-day trading on Tuesday, hitting $69.44. 399,773 shares of the company's stock were exchanged, compared to its average volume of 348,793. 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 has a fifty-two week low of $44.10 and a fifty-two week high of $88.46. The business's 50 day moving average is $76.70 and its two-hundred day moving average is $68.93. The firm has a market capitalization of $3.96 billion, a P/E ratio of 8.41 and a beta of 1.46.

Axos Financial (NYSE:AX - Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $1.96 earnings per share for the quarter, topping 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 company had revenue of $512.87 million during the quarter, compared to analysts' expectations of $299.59 million. During the same period last year, the firm earned $1.41 EPS. On average, equities analysts expect that Axos Financial will post 7.07 earnings per share for the current 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.