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

Axos Financial (NYSE:AX) had its price objective reduced by Keefe, Bruyette & Woods from $91.00 to $90.00 in a research note issued to investors on Wednesday morning,Benzinga reports. They currently have a market perform rating on the stock.

Several other brokerages also recently weighed in on AX. StockNews.com upgraded shares of Axos Financial from a “sell” rating to a “hold” rating in a research note on Monday, December 9th. Needham & Company LLC lifted their target price on Axos Financial from $85.00 to $88.00 and gave the company a “buy” rating in a research note on Wednesday. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $84.17.

Axos Financial Trading Up 0.6 %

NYSE:AX opened at $70.03 on Wednesday. The company has a market capitalization of $4.00 billion, a PE ratio of 9.41 and a beta of 1.46. Axos Financial has a 52-week low of $44.10 and a 52-week high of $88.46. The stock’s 50 day moving average price is $74.24 and its 200 day moving average price is $70.34. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.17.

Axos Financial (NYSE:AX) last announced its earnings results on Tuesday, January 28th. The company reported $1.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.75 by $0.07. Axos Financial had a net margin of 22.10% and a return on equity of 19.12%. On average, research analysts anticipate that Axos Financial will post 7.16 EPS for the current year.

Insider Activity

In related news, CEO Gregory Garrabrants sold 125,000 shares of the firm’s stock in a transaction dated 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 sale, the chief executive officer now owns 1,340,377 shares in the company, valued at $109,763,472.53. This trade represents a 8.53 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Edward James Ratinoff sold 4,002 shares of the stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $79.41, for a total transaction of $317,798.82. Following the completion of the transaction, 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 disclosure for this sale can be found here. Insiders own 5.07% of the company’s stock.

Institutional Trading of Axos Financial

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

About Axos Financial

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.