Keefe, Bruyette & Woods Cuts Axos Financial (NYSE:AX) Price Target to $90.00

Axos Financial (NYSE:AX) had its price objective lowered by Keefe, Bruyette & Woods from $91.00 to $90.00 in a research report released on Wednesday morning,Benzinga reports. Keefe, Bruyette & Woods currently has a market perform rating on the stock.

AX has been the subject of a number of other research reports. StockNews.com upgraded shares of Axos Financial from a “sell” rating to a “hold” rating in a report on Monday, December 9th. Needham & Company LLC lifted their price objective on Axos Financial from $85.00 to $88.00 and gave the stock a “buy” rating in a research report on Wednesday. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $84.17.

Axos Financial Price Performance

Shares of Axos Financial stock opened at $70.03 on Wednesday. The stock has a market capitalization of $4.00 billion, a P/E ratio of 9.41 and a beta of 1.46. The business has a 50 day simple moving average of $74.24 and a two-hundred day simple moving average of $70.34. Axos Financial has a 12 month low of $44.10 and a 12 month high of $88.46. 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) last posted its quarterly earnings data on Tuesday, January 28th. The company reported $1.82 EPS for the quarter, beating the consensus estimate of $1.75 by $0.07. Axos Financial had a return on equity of 19.12% and a net margin of 22.10%. As a group, analysts predict that Axos Financial will post 7.16 EPS for the current fiscal year.

Insider Activity at Axos Financial

In other Axos Financial news, CEO Gregory Garrabrants sold 125,000 shares of the stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 1,340,377 shares in the company, valued at $109,763,472.53. This represents a 8.53 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Edward James Ratinoff sold 4,002 shares of the 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 completion of the sale, the director now owns 46,209 shares in the company, valued at approximately $3,669,456.69. The trade was a 7.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.07% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Axos Financial

A number of hedge funds have recently bought and sold shares of the stock. Kathleen S. Wright Associates Inc. purchased a new stake in shares of Axos Financial during the third quarter worth approximately $27,000. Heck Capital Advisors LLC purchased a new stake in shares of Axos Financial in the 4th quarter valued at approximately $35,000. Ashton Thomas Securities LLC acquired a new stake in shares of Axos Financial in the 3rd quarter valued at $41,000. Farther Finance Advisors LLC lifted its position in shares of Axos Financial by 881.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 648 shares of the company’s stock worth $41,000 after purchasing an additional 582 shares during the last quarter. Finally, Kestra Investment Management LLC acquired a new position in shares of Axos Financial during the fourth quarter worth $52,000. Institutional investors and hedge funds own 83.79% of the company’s stock.

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.