Axos Financial, Inc (AX) – What Are Investment Firms Thinking About This Stock?

Shares of Axos Financial, Inc (NYSE:AX) have been given an average recommendation of “Moderate Buy” by the eight ratings firms that are currently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $115.67.

AX has been the topic of a number of analyst reports. Keefe, Bruyette & Woods lifted their price objective on shares of Axos Financial from $105.00 to $110.00 and gave the stock a “market perform” rating in a research report on Friday, July 31st. Benchmark increased their target price on shares of Axos Financial from $115.00 to $120.00 and gave the company a “buy” rating in a research report on Thursday, August 13th. Needham & Company LLC restated a “buy” rating and issued a $128.00 target price on shares of Axos Financial in a research note on Monday, October 5th. DA Davidson set a $121.00 price target on shares of Axos Financial in a report on Friday, July 31st. Finally, Weiss Ratings raised Axos Financial from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, October 9th.

Insider Buying and Selling at Axos Financial

In related news, Director Roque Santi sold 500 shares of the business’s stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $105.30, for a total transaction of $52,650.00. Following the transaction, the director directly owned 7,146 shares in the company, valued at $752,473.80. The trade was a 6.54% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 4.30% of the stock is owned by insiders.

Institutional Investors Weigh In On Axos Financial

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC grew its stake in shares of Axos Financial by 4.8% during the third quarter. GAMMA Investing LLC now owns 2,544 shares of the company’s stock worth $220,000 after acquiring an additional 117 shares during the last quarter. Abel Hall LLC raised its position in shares of Axos Financial by 3.0% in the 3rd quarter. Abel Hall LLC now owns 4,300 shares of the company’s stock valued at $372,000 after purchasing an additional 124 shares during the last quarter. Versant Capital Management Inc boosted its stake in Axos Financial by 18.9% in the 3rd quarter. Versant Capital Management Inc now owns 842 shares of the company’s stock worth $73,000 after purchasing an additional 134 shares in the last quarter. Arcus Capital Partners LLC boosted its stake in Axos Financial by 5.3% in the 2nd quarter. Arcus Capital Partners LLC now owns 2,775 shares of the company’s stock worth $270,000 after purchasing an additional 139 shares in the last quarter. Finally, Rockefeller Capital Management L.P. boosted its stake in Axos Financial by 7.2% in the 4th quarter. Rockefeller Capital Management L.P. now owns 2,186 shares of the company’s stock worth $188,000 after purchasing an additional 146 shares in the last quarter. 83.79% of the stock is currently owned by hedge funds and other institutional investors.

Axos Financial Price Performance

AX opened at $92.00 on Tuesday. The business’s 50-day moving average is $92.23 and its two-hundred day moving average is $92.99. Axos Financial has a 1 year low of $74.89 and a 1 year high of $105.74. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.07 and a quick ratio of 1.07. The firm has a market capitalization of $5.23 billion, a PE ratio of 10.86 and a beta of 1.28.

Axos Financial (NYSE:AX) last released its quarterly earnings results on Thursday, July 30th. The company reported $2.53 EPS for the quarter, beating the consensus estimate of $2.16 by $0.37. Axos Financial had a net margin of 22.39% and a return on equity of 16.96%. The business had revenue of $379.77 million during the quarter, compared to analyst estimates of $375.54 million. During the same period in the prior year, the firm posted $1.94 earnings per share. Research analysts anticipate that Axos Financial will post 9.67 earnings per share for the current fiscal year.

Axos Financial Company Profile

Axos Financial, Inc is a financial holding company that operates primarily through Axos Bank, a nationwide digital bank. The company provides personal and business banking products, including checking and savings accounts, certificates of deposit, mortgage and home-equity loans, commercial lending, and other deposit and credit services. Its digital-first model allows customers to access accounts and financial services online and through mobile platforms.

Through its institutional businesses, Axos also provides securities clearing, custody, and related brokerage services to registered investment advisers, broker-dealers, and other financial institutions.