Axos Financial, Inc (NYSE:AX) Given Average Recommendation of "Moderate Buy" by Brokerages

Key Points

• Axos Financial has received an average recommendation of "Moderate Buy" from seven analysts, with six of them issuing buy ratings and one rating the stock as a hold.
• The average 12-month target price for Axos Financial's stock among analysts is approximately $96.83, with several investment firms recently raising their price targets.
• Insiders at Axos Financial have recently sold shares, significantly reducing their ownership stakes, which includes a 96.82% decrease in ownership for one executive after selling 700 shares.

Axos Financial, Inc (NYSE:AX - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the seven analysts that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating and six have issued a buy rating on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $96.8333.

Several research firms recently weighed in on AX. Keefe, Bruyette & Woods increased their price target on shares of Axos Financial from $94.00 to $100.00 and gave the company a "market perform" rating in a research report on Monday, September 29th. Wall Street Zen upgraded shares of Axos Financial from a "sell" rating to a "hold" rating in a research report on Saturday, August 2nd. Weiss Ratings restated a "buy (b-)" rating on shares of Axos Financial in a research report on Saturday, September 27th. Raymond James Financial reiterated an "outperform" rating and set a $100.00 price target (up previously from $95.00) on shares of Axos Financial in a research note on Tuesday, September 23rd. Finally, DA Davidson increased their price target on Axos Financial from $100.00 to $106.00 and gave the stock a "buy" rating in a research note on Wednesday, September 24th.

Insider Activity at Axos Financial

In other news, EVP Candace L. Thiele sold 700 shares of the company's stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $90.14, for a total transaction of $63,098.00. Following the sale, the executive vice president directly owned 23 shares in the company, valued at $2,073.22. This represents a 96.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Andrew J. Micheletti sold 13,960 shares of the business's stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $85.38, for a total transaction of $1,191,904.80. Following the transaction, the executive vice president directly owned 67,460 shares of the company's stock, valued at approximately $5,759,734.80. This represents a 17.15% decrease in their position. The disclosure for this sale can be found here. Insiders own 4.85% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of AX. True Wealth Design LLC lifted its position in Axos Financial by 120.9% in the second quarter. True Wealth Design LLC now owns 433 shares of the company's stock valued at $33,000 after purchasing an additional 237 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in Axos Financial by 294.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 446 shares of the company's stock worth $34,000 after buying an additional 333 shares during the period. IFP Advisors Inc grew its position in shares of Axos Financial by 360.7% in the 2nd quarter. IFP Advisors Inc now owns 493 shares of the company's stock worth $37,000 after buying an additional 386 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new position in shares of Axos Financial during the second quarter valued at approximately $96,000. Finally, Sprucegrove Investment Management Ltd. purchased a new stake in Axos Financial in the second quarter worth $99,000. 83.79% of the stock is owned by institutional investors.

Axos Financial Stock Performance

Shares of AX opened at $83.36 on Thursday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.09 and a current ratio of 1.09. The stock has a 50 day moving average price of $88.05 and a two-hundred day moving average price of $76.95. The firm has a market capitalization of $4.72 billion, a P/E ratio of 11.17 and a beta of 1.29. Axos Financial has a 52 week low of $54.46 and a 52 week high of $93.84.

Axos Financial (NYSE:AX - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $1.94 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.82 by $0.12. Axos Financial had a net margin of 22.24% and a return on equity of 17.11%. The business had revenue of $321.45 million during the quarter, compared to the consensus estimate of $311.73 million. During the same period in the prior year, the firm posted $1.83 EPS. The firm's quarterly revenue was up 10.5% compared to the same quarter last year. Equities analysts forecast that Axos Financial will post 7.22 earnings per share for the current fiscal year.

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.

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