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

Axos Financial (NYSE:AX) was upgraded by equities researchers at StockNews.com from a “sell” rating to a “hold” rating in a research report issued on Monday.

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

Axos Financial Stock Performance

Shares of NYSE AX opened at $80.85 on Monday. The stock has a market cap of $4.62 billion, a price-to-earnings ratio of 9.79 and a beta of 1.42. Axos Financial has a 12 month low of $43.32 and a 12 month high of $88.46. The company has a 50 day simple moving average of $72.42 and a two-hundred day simple moving average of $65.82. 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 (NYSE:AX) last posted its earnings results on Wednesday, October 30th. The company reported $1.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.80 by $0.16. The company had revenue of $512.87 million during the quarter, compared to the consensus estimate of $299.59 million. Axos Financial had a net margin of 24.07% and a return on equity of 18.99%. During the same period in the previous year, the firm posted $1.41 earnings per share. As a group, analysts predict that Axos Financial will post 7.07 earnings per share for the current year.

Insider Activity

In other Axos Financial news, Director Edward James Ratinoff sold 4,002 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $79.41, for a total transaction of $317,798.82. Following the completion of the sale, the director now directly owns 46,209 shares in the company, valued at approximately $3,669,456.69. The trade was a 7.97 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 value 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. The trade was 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 Trading of Axos Financial

Several large investors have recently made changes to their positions in the company. CWM LLC boosted its position in Axos Financial by 5.4% during the second quarter. CWM LLC now owns 5,208 shares of the company’s stock worth $298,000 after acquiring an additional 269 shares during the last quarter. SG Americas Securities LLC boosted its holdings in shares of Axos Financial by 453.9% during the 2nd quarter. SG Americas Securities LLC now owns 32,124 shares of the company’s stock worth $1,836,000 after purchasing an additional 26,324 shares during the last quarter. M&G Plc grew its position in shares of Axos Financial by 12.4% in the second quarter. M&G Plc now owns 171,740 shares of the company’s stock valued at $9,789,000 after purchasing an additional 18,978 shares in the last quarter. 1620 Investment Advisors Inc. acquired a new stake in shares of Axos Financial in the second quarter valued at approximately $49,000. Finally, SummerHaven Investment Management LLC lifted its position in Axos Financial by 1.6% during the second quarter. SummerHaven Investment Management LLC now owns 17,645 shares of the company’s stock worth $1,008,000 after buying an additional 281 shares in the last quarter. 83.79% of the stock is currently 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.