Axos Financial, Inc. (NYSE:AX) Given Consensus Recommendation of "Moderate Buy" by Analysts

Axos Financial, Inc. (NYSE:AX - Get Free Report) has been assigned an average rating of "Moderate Buy" from the five analysts that are currently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $83.20.

Several equities research analysts recently weighed in on the company. StockNews.com upgraded Axos Financial from a "sell" rating to a "hold" rating in a report on Monday. Wedbush dropped 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. Needham & Company LLC lifted their target price on shares of Axos Financial from $82.00 to $85.00 and gave the stock a "buy" rating in a research note on Thursday, October 31st. Finally, Keefe, Bruyette & Woods increased their price target on shares of Axos Financial from $74.00 to $91.00 and gave the company a "market perform" rating in a research report on Wednesday, December 4th.

Insider Buying and Selling at Axos Financial

In related news, CEO Gregory Garrabrants sold 125,000 shares of the company's stock in a transaction on Wednesday, November 6th. The stock was 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 directly 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 available at this link. Also, Director Edward James Ratinoff sold 4,002 shares of the firm's stock in a transaction 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 transaction, the director now directly owns 46,209 shares of the company's stock, valued at $3,669,456.69. This represents a 7.97 % decrease in their position. The disclosure for this sale can be found here. Insiders own 5.07% of the company's stock.

Hedge Funds Weigh In On Axos Financial

Large investors have recently modified their holdings of the stock. American Century Companies Inc. raised its stake in shares of Axos Financial by 26.2% in 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 raised its position in Axos Financial by 34.0% in 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 during the last quarter. Millennium Management LLC lifted its stake in Axos Financial by 107.9% during the 2nd quarter. Millennium Management LLC now owns 367,251 shares of the company's stock valued at $20,988,000 after acquiring an additional 190,584 shares during the period. State Street Corp boosted its holdings in shares of Axos Financial by 5.5% during 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 during the last quarter. Finally, Geode Capital Management LLC grew its stake 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 worth $90,861,000 after acquiring an additional 91,797 shares during the period. Hedge funds and other institutional investors own 83.79% of the company's stock.

Axos Financial Price Performance

Shares of Axos Financial stock traded up $0.13 during trading on Friday, hitting $79.55. 264,882 shares of the stock traded hands, compared to its average volume of 565,531. The firm's fifty day moving average is $74.28 and its 200-day moving average is $66.48. The stock has a market cap of $4.54 billion, a price-to-earnings ratio of 9.63 and a beta of 1.42. Axos Financial has a 52 week low of $44.10 and a 52 week high of $88.46. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.17.

Axos Financial (NYSE:AX - Get Free Report) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $1.96 EPS for the quarter, topping the consensus estimate of $1.80 by $0.16. Axos Financial had a net margin of 24.07% and a return on equity of 18.99%. The firm had revenue of $512.87 million for the quarter, compared to the consensus estimate of $299.59 million. During the same period last year, the firm posted $1.41 earnings per share. Research analysts expect that Axos Financial will post 7.07 EPS for the current fiscal year.

About Axos Financial

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.