Keefe, Bruyette & Woods Has Lowered Expectations for Axos Financial (NYSE:AX) Stock Price

Axos Financial (NYSE:AX) had its price target dropped by Keefe, Bruyette & Woods from $91.00 to $90.00 in a research report issued on Wednesday,Benzinga reports. The brokerage presently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ target price suggests a potential upside of 29.11% from the stock’s current price.

Other equities research analysts have also recently issued research reports about the company. Needham & Company LLC upped their price target on Axos Financial from $85.00 to $88.00 and gave the stock a “buy” rating in a report on Wednesday. StockNews.com upgraded Axos Financial from a “sell” rating to a “hold” rating in a report on Monday, December 9th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, Axos Financial currently has a consensus rating of “Moderate Buy” and an average price target of $84.17.

Axos Financial Stock Performance

NYSE AX opened at $69.71 on Wednesday. The stock has a market capitalization of $3.98 billion, a price-to-earnings ratio of 8.44 and a beta of 1.46. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.17. The business’s 50 day moving average is $74.53 and its two-hundred day moving average is $70.31. 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 results on Tuesday, January 28th. The company reported $1.82 earnings per share for the quarter, topping analysts’ consensus estimates of $1.75 by $0.07. Axos Financial had a return on equity of 18.99% and a net margin of 24.07%. Research analysts expect that Axos Financial will post 7.07 EPS for the current year.

Insiders Place Their Bets

In related news, Director Edward James Ratinoff sold 4,002 shares of Axos Financial stock in a transaction on Friday, November 15th. The stock was sold at an average price of $79.41, for a total value of $317,798.82. Following the transaction, the director now owns 46,209 shares in the company, valued at approximately $3,669,456.69. This trade represents a 7.97 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Gregory Garrabrants sold 125,000 shares of Axos Financial stock in a transaction 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 completion of the transaction, the chief executive officer now owns 1,340,377 shares in the company, 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. Corporate insiders own 5.07% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Wasatch Advisors LP raised its position in Axos Financial by 34.0% in the third quarter. Wasatch Advisors LP now owns 1,154,737 shares of the company’s stock valued at $72,610,000 after purchasing an additional 292,952 shares during the period. Millennium Management LLC increased its position in shares of Axos Financial by 107.9% during the second quarter. Millennium Management LLC now owns 367,251 shares of the company’s stock worth $20,988,000 after acquiring an additional 190,584 shares during the last quarter. State Street Corp increased its position in shares of Axos Financial by 5.5% during the third quarter. State Street Corp now owns 3,178,708 shares of the company’s stock worth $199,877,000 after acquiring an additional 164,997 shares during the last quarter. Assenagon Asset Management S.A. purchased a new stake in shares of Axos Financial during the fourth quarter worth about $9,849,000. Finally, Geode Capital Management LLC increased its position in shares of Axos Financial by 6.8% during the third quarter. Geode Capital Management LLC now owns 1,444,756 shares of the company’s stock worth $90,861,000 after acquiring an additional 91,797 shares during the last quarter. 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.