Axos Financial, Inc (NYSE:AX – Get Free Report) crossed above its 50-day moving average during trading on Tuesday. The stock has a 50-day moving average of $91.96 and traded as high as $92.82. Axos Financial shares last traded at $92.3450, with a volume of 387,410 shares trading hands.
Wall Street Analyst Weigh In
Several brokerages recently weighed in on AX. Weiss Ratings raised Axos Financial from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, October 9th. DA Davidson set a $121.00 price objective on shares of Axos Financial in a report on Friday, July 31st. Needham & Company LLC reiterated a “buy” rating and set a $128.00 target price on shares of Axos Financial in a research report on Monday, October 5th. Keefe, Bruyette & Woods lifted their target price on shares of Axos Financial from $105.00 to $110.00 and gave the stock a “market perform” rating in a research note on Friday, July 31st. Finally, Benchmark boosted their price target on shares of Axos Financial from $115.00 to $120.00 and gave the company a “buy” rating in a research report on Thursday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $115.67.
Get Our Latest Analysis on Axos Financial
Axos Financial Trading Up 1.1%
The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.07 and a current ratio of 1.07. The firm has a market cap of $5.26 billion, a P/E ratio of 10.91 and a beta of 1.28. The firm has a 50 day simple moving average of $91.76 and a 200 day simple moving average of $92.42.
Axos Financial (NYSE:AX – Get Free Report) last announced its quarterly earnings results on Thursday, October 29th. The company reported $2.34 earnings per share for the quarter, beating the consensus estimate of $2.26 by $0.08. Axos Financial had a return on equity of 16.96% and a net margin of 22.39%. The firm had revenue of $395.07 million for the quarter, compared to analysts’ expectations of $386.30 million. During the same period in the prior year, the business posted $1.94 earnings per share. The company’s revenue was up 22.2% on a year-over-year basis. On average, equities research analysts predict that Axos Financial, Inc will post 9.67 EPS for the current fiscal year.
Insider Buying and Selling at Axos Financial
In other news, Director Roque Santi sold 500 shares of Axos Financial stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $105.30, for a total transaction of $52,650.00. Following the completion of the sale, the director owned 7,146 shares in the company, valued at approximately $752,473.80. This trade represents a 6.54% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 4.30% of the stock is currently owned by insiders.
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the stock. BlackRock Inc. purchased a new position in shares of Axos Financial during the second quarter worth approximately $817,051,000. Davis Asset Management L.P. bought a new stake in shares of Axos Financial in the 2nd quarter worth approximately $149,515,000. Bank of New York Mellon Corp bought a new stake in shares of Axos Financial in the 2nd quarter worth approximately $36,816,000. Empowered Funds LLC purchased a new stake in shares of Axos Financial in the 2nd quarter valued at $24,453,000. Finally, Bank of America Corp DE purchased a new stake in shares of Axos Financial in the 2nd quarter valued at $16,437,000. 83.79% of the stock is currently owned by institutional investors.
About Axos Financial
Axos Financial, Inc is a financial holding company that operates primarily through Axos Bank, a nationwide digital bank. The company provides personal and business banking products, including checking and savings accounts, certificates of deposit, mortgage and home-equity loans, commercial lending, and other deposit and credit services. Its digital-first model allows customers to access accounts and financial services online and through mobile platforms.
Through its institutional businesses, Axos also provides securities clearing, custody, and related brokerage services to registered investment advisers, broker-dealers, and other financial institutions.
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