Brokerages Set Axos Financial, Inc. (NYSE:AX) PT at $79.75

Axos Financial, Inc. (NYSE:AX - Get Free Report) has earned an average recommendation of "Moderate Buy" from the four brokerages that are covering the firm, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $79.75.

AX has been the topic of several research reports. Keefe, Bruyette & Woods lowered shares of Axos Financial from an "outperform" rating to a "market perform" rating and set a $79.00 price objective on the stock. in a report on Wednesday, July 31st. Piper Sandler lifted their target price on Axos Financial from $68.00 to $84.00 and gave the company an "overweight" rating in a research note on Wednesday, July 31st. Raymond James increased their price target on shares of Axos Financial from $67.00 to $81.00 and gave the company an "outperform" rating in a research report on Wednesday, July 31st. Finally, Wedbush cut their price objective 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.

Insiders Place Their Bets

In other news, EVP Andrew J. Micheletti sold 5,197 shares of the business's stock in a transaction on Monday, September 9th. The shares were sold at an average price of $63.13, for a total transaction of $328,086.61. Following the sale, the executive vice president now directly owns 424,149 shares of the company's stock, valued at $26,776,526.37. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 4.82% of the company's stock.

Institutional Investors Weigh In On Axos Financial

Large investors have recently bought and sold shares of the company. American Century Companies Inc. boosted its position in Axos Financial by 26.2% in the 2nd 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 in the last quarter. Goldman Sachs Group Inc. grew its position in Axos Financial by 114.1% during the fourth quarter. Goldman Sachs Group Inc. now owns 795,381 shares of the company's stock valued at $43,428,000 after buying an additional 423,930 shares during the period. Norges Bank purchased a new position in Axos Financial in the fourth quarter valued at $21,573,000. Emerald Mutual Fund Advisers Trust raised its position in shares of Axos Financial by 9.6% in the second quarter. Emerald Mutual Fund Advisers Trust now owns 382,276 shares of the company's stock worth $21,847,000 after acquiring an additional 33,366 shares during the period. Finally, Cubist Systematic Strategies LLC boosted its stake in shares of Axos Financial by 167.9% during the 4th quarter. Cubist Systematic Strategies LLC now owns 369,759 shares of the company's stock worth $20,189,000 after acquiring an additional 231,722 shares in the last quarter. Hedge funds and other institutional investors own 83.79% of the company's stock.

Axos Financial Price Performance

Axos Financial stock opened at $62.28 on Friday. The stock has a market cap of $3.55 billion, a price-to-earnings ratio of 8.45 and a beta of 1.40. The firm has a 50-day moving average of $66.76 and a two-hundred day moving average of $59.30. Axos Financial has a 1 year low of $32.05 and a 1 year high of $79.15. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.08 and a quick ratio of 1.08.

Axos Financial (NYSE:AX - Get Free Report) last issued its earnings results on Tuesday, July 30th. The company reported $1.80 earnings per share for the quarter, meeting analysts' consensus estimates of $1.80. The business had revenue of $484.29 million during the quarter, compared to analyst estimates of $296.02 million. Axos Financial had a return on equity of 18.57% and a net margin of 23.96%. During the same period in the previous year, the company posted $1.50 EPS. On average, research analysts forecast that Axos Financial will post 7.17 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.