Shares of Axos Financial, Inc (NYSE:AX – Get Free Report) have been assigned a consensus recommendation of “Moderate Buy” from the seven ratings firms that are covering the stock, MarketBeat reports. Two analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $109.40.
A number of brokerages recently weighed in on AX. Keefe, Bruyette & Woods increased their price target on shares of Axos Financial from $100.00 to $110.00 and gave the company a “market perform” rating in a research report on Friday, January 30th. Needham & Company LLC reiterated a “buy” rating and issued a $110.00 price target on shares of Axos Financial in a research report on Monday, March 16th. Jefferies Financial Group increased their price target on shares of Axos Financial from $110.00 to $115.00 and gave the company a “buy” rating in a research report on Friday, January 30th. Zacks Research downgraded shares of Axos Financial from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 8th. Finally, DA Davidson increased their price target on shares of Axos Financial from $107.50 to $112.00 and gave the company a “buy” rating in a research report on Friday, January 30th.
Read Our Latest Stock Analysis on AX
Insider Buying and Selling
Institutional Trading of Axos Financial
A number of large investors have recently bought and sold shares of the business. State Street Corp increased its stake in Axos Financial by 0.5% during the 4th quarter. State Street Corp now owns 2,696,323 shares of the company’s stock worth $232,315,000 after purchasing an additional 13,669 shares in the last quarter. American Century Companies Inc. increased its stake in Axos Financial by 1.5% during the 3rd quarter. American Century Companies Inc. now owns 2,413,512 shares of the company’s stock worth $204,304,000 after purchasing an additional 35,391 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Axos Financial by 0.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,177,003 shares of the company’s stock worth $185,234,000 after purchasing an additional 7,509 shares in the last quarter. Geode Capital Management LLC increased its stake in Axos Financial by 3.6% during the 4th quarter. Geode Capital Management LLC now owns 1,775,539 shares of the company’s stock worth $154,687,000 after purchasing an additional 62,269 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its stake in Axos Financial by 8.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 740,652 shares of the company’s stock worth $56,319,000 after purchasing an additional 58,774 shares in the last quarter. 83.79% of the stock is owned by institutional investors.
Axos Financial Stock Performance
Shares of NYSE:AX opened at $87.05 on Friday. The company has a market capitalization of $4.95 billion, a price-to-earnings ratio of 10.58 and a beta of 1.30. The firm’s 50 day simple moving average is $88.87 and its 200 day simple moving average is $88.91. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.15 and a quick ratio of 1.15. Axos Financial has a fifty-two week low of $67.89 and a fifty-two week high of $101.92.
Axos Financial (NYSE:AX – Get Free Report) last announced its quarterly earnings results on Thursday, April 30th. The company reported $1.90 earnings per share for the quarter, missing analysts’ consensus estimates of $2.13 by ($0.23). The firm had revenue of $392.25 million during the quarter, compared to analyst estimates of $372.51 million. Axos Financial had a net margin of 22.53% and a return on equity of 16.48%. During the same quarter in the prior year, the business earned $1.81 earnings per share. As a group, sell-side analysts forecast that Axos Financial will post 8.57 earnings per share for the current year.
Axos Financial Company Profile
Axos Financial, Inc (NYSE: AX) is a diversified online banking and financial services holding company headquartered in San Diego, California. The firm traces its origins to 1999 with the launch of Bank of Internet USA and rebranded as Axos Financial in December 2018 to reflect an expanded suite of digital offerings. Axos Financial operates through its wholly owned subsidiary, Axos Bank, providing a technology-driven banking platform that serves both retail and commercial clients across the United States.
Through its digital banking platform, Axos Financial delivers a range of deposit products, including checking and savings accounts, money market and certificate of deposit accounts, as well as individual retirement accounts.
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