Axos Financial (NYSE:AX) Given New $90.00 Price Target at Keefe, Bruyette & Woods

Axos Financial (NYSE:AX - Get Free Report) had its price target reduced by equities researchers at Keefe, Bruyette & Woods from $91.00 to $90.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage presently has a "market perform" rating on the stock. Keefe, Bruyette & Woods' price objective would suggest a potential upside of 29.11% from the stock's previous close.

AX has been the topic of a number of other reports. StockNews.com upgraded shares of Axos Financial from a "sell" rating to a "hold" rating in a research report on Monday, December 9th. Needham & Company LLC boosted their target price on Axos Financial from $85.00 to $88.00 and gave the stock a "buy" rating in a research report on Wednesday. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $84.17.

Axos Financial Stock Performance

Axos Financial stock traded up $0.38 during mid-day trading on Wednesday, reaching $69.71. The company had a trading volume of 541,415 shares, compared to its average volume of 447,985. 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. The firm has a market cap of $3.98 billion, a price-to-earnings ratio of 8.44 and a beta of 1.46. The company has a 50 day moving average of $74.53 and a 200-day moving average of $70.31.

Axos Financial (NYSE:AX - Get Free Report) last posted its quarterly earnings results on Tuesday, January 28th. The company reported $1.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.75 by $0.07. Axos Financial had a net margin of 24.07% and a return on equity of 18.99%. On average, sell-side analysts expect that Axos Financial will post 7.07 EPS for the current fiscal year.

Insiders Place Their Bets

In other Axos Financial news, Director Edward James Ratinoff sold 4,002 shares of the stock in a transaction on Friday, November 15th. The stock was 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 owns 46,209 shares in the company, valued at approximately $3,669,456.69. This represents a 7.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Gregory Garrabrants sold 125,000 shares of Axos Financial stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $81.89, for a total transaction of $10,236,250.00. Following the transaction, the chief executive officer now directly 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 ownership of the stock. The disclosure for this sale can be found here. Insiders own 5.07% of the company's stock.

Institutional Investors Weigh In On Axos Financial

Large investors have recently added to or reduced their stakes in the stock. State Street Corp grew its holdings in 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 buying an additional 164,997 shares in the last quarter. Geode Capital Management LLC grew its stake 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 in the last quarter. Wasatch Advisors LP increased its holdings in shares of 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. Geneva Capital Management LLC raised its position in shares of Axos Financial by 0.3% during the 3rd quarter. Geneva Capital Management LLC now owns 708,520 shares of the company's stock valued at $44,552,000 after buying an additional 1,976 shares in the last quarter. Finally, Emerald Advisers LLC lifted its holdings in shares of Axos Financial by 14.4% in the 3rd quarter. Emerald Advisers LLC now owns 505,544 shares of the company's stock valued at $31,789,000 after acquiring an additional 63,458 shares during the last quarter. Institutional investors own 83.79% of the company's stock.

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.