Axos Financial (NYSE:AX) Upgraded at StockNews.com

StockNews.com upgraded shares of Axos Financial (NYSE:AX) from a sell rating to a hold rating in a research note published on Monday.

AX has been the topic of a number of other reports. Needham & Company LLC increased their price objective on shares of Axos Financial from $82.00 to $85.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Wedbush reduced their price target on shares of Axos Financial from $80.00 to $75.00 and set a “neutral” rating on the stock in a report on Tuesday, September 24th. Finally, Keefe, Bruyette & Woods raised their price objective on shares of Axos Financial from $74.00 to $91.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $83.20.

Axos Financial Trading Up 0.6 %

Shares of Axos Financial stock opened at $80.01 on Monday. The company has a 50-day moving average of $73.54 and a two-hundred day moving average of $66.23. The stock has a market cap of $4.57 billion, a PE ratio of 9.69 and a beta of 1.42. 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 12-month low of $44.10 and a 12-month high of $88.46.

Axos Financial (NYSE:AX) last released its quarterly earnings data on Wednesday, October 30th. The company reported $1.96 earnings per share for the quarter, beating the consensus estimate of $1.80 by $0.16. The firm had revenue of $512.87 million during the quarter, compared to the consensus estimate of $299.59 million. Axos Financial had a return on equity of 18.99% and a net margin of 24.07%. During the same period last year, the business posted $1.41 EPS. On average, research analysts anticipate that Axos Financial will post 7.07 EPS for the current fiscal year.

Insider Activity

In related news, Director Edward James Ratinoff sold 4,002 shares of the firm’s stock in a transaction that occurred 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 sale, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Gregory Garrabrants sold 125,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The stock was 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 $109,763,472.53. This trade represents a 8.53 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 5.07% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. World Investment Advisors LLC acquired a new stake in Axos Financial during the third quarter worth about $221,000. Sanctuary Advisors LLC grew its holdings in shares of Axos Financial by 98.8% during the 3rd quarter. Sanctuary Advisors LLC now owns 20,631 shares of the company’s stock worth $1,297,000 after purchasing an additional 10,252 shares during the period. Virtu Financial LLC acquired a new stake in Axos Financial during the 3rd quarter worth approximately $277,000. Geode Capital Management LLC increased its position in Axos Financial by 6.8% during the 3rd quarter. Geode Capital Management LLC now owns 1,444,756 shares of the company’s stock worth $90,861,000 after purchasing an additional 91,797 shares in the last quarter. Finally, Barclays PLC raised its holdings in Axos Financial by 32.6% in the third quarter. Barclays PLC now owns 142,715 shares of the company’s stock valued at $8,974,000 after buying an additional 35,087 shares during the period. 83.79% of the stock is owned by hedge funds and other institutional investors.

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.