Shares of Axos Financial, Inc. (NYSE: AX) have received an average recommendation of “Buy” by the seven rating companies that currently cover the company, reports MarketBeat.com. One equity research analyst rated the stock with a keep recommendation, four gave the company a buy recommendation, and one gave the company a strong buy recommendation. The 1-year average target price among brokerage firms that updated their equity coverage in the past year is $ 46.60.
A number of research companies have weighed in on AX. Janney Montgomery Scott upgraded Axos Financial shares from a ‘neutral’ to a ‘buy’ rating and set a price target of $ 54.00 for the company in a research report released on Friday 30 April. Raymond James raised his price target for Axos Financial shares from $ 48.00 to $ 53.00 and gave the stock a “strong buy” rating in a research report published on Monday, May 3. . Zacks investment research Reduces Axos Financial shares from a âbuyâ rating to a âholdâ rating in a research report released on Thursday, April 29. Finally, B. Riley raised his price target for Axos Financial shares from $ 48.00 to $ 52.00 and assigned the stock a âbuyâ rating in a research report on Friday, April 9.
In other news, executive vice president David X. Park sold 5,000 shares in a trade dated Friday, May 7. The shares were sold for an average price of $ 46.26, for a total value of $ 231,300.00. Following the closing of the sale, the Executive Vice President now directly owns 2,816 shares of the company, valued at $ 130,268.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 7.00% of the shares are held by insiders of the company.
Several institutional investors and hedge funds have recently changed their positions in the title. Principal Financial Group Inc. increased its holdings of Axos Financial shares by 2.6% in the first quarter. Principal Financial Group Inc. now owns 417,023 shares of the company valued at $ 19,604,000 after purchasing an additional 10,391 shares during the period. B. Metzler seel. Sohn & Co. Holding AG increased its stake in Axos Financial shares by 10.1% in the first quarter. B. Metzler seel. Sohn & Co. Holding AG now owns 40,336 shares of the company valued at $ 1,896,000 after purchasing an additional 3,715 shares during the period. Virtu Financial LLC purchased a new equity stake in Axos Financial in the first quarter valued at approximately $ 217,000. Squarepoint Ops LLC increased its holdings of Axos Financial shares by 234.3% in the first quarter. Squarepoint Ops LLC now owns 19,179 shares of the company valued at $ 902,000 after purchasing an additional 13,442 shares during the period. Finally, Oppenheimer Asset Management Inc. purchased a new equity stake in Axos Financial in the first quarter valued at approximately $ 649,000. 74.69% of the shares are held by hedge funds and other institutional investors.
Actions of NYSE AXIS open at $ 48.54 Wednesday. The company’s fifty-day moving average price is $ 46.62. Axos Financial has a one-year minimum of $ 18.97 and a one-year maximum of $ 54.36. The stock has a market cap of $ 2.88 billion, a P / E ratio of 14.15 and a beta of 1.71. The company has a debt ratio of 0.75, a current ratio of 1.10, and a rapid ratio of 1.10.
Axos Financial (NYSE: AX) last reported its quarterly results on Wednesday, April 28. The company reported earnings per share (EPS) of $ 0.89 for the quarter, beating the Zacks’ consensus estimate of $ 0.86 by $ 0.03. Axos Financial had a net margin of 28.60% and a return on equity of 16.80%. The company posted revenue of $ 159.56 million for the quarter, compared to a consensus estimate of $ 159.43 million. As a group, equity analysts expect Axos Financial to post earnings per share of 3.62 for the current year.
Axos financial company profile
Axos Financial, Inc., along with its subsidiaries, provides banking products to individuals and businesses in the United States. The company offers deposit products, including consumer and business checking, demand, savings, term deposit and money market accounts. It also provides single-family and multi-family mortgage loan products; secured commercial real estate loans; secured loans for automobiles and recreational vehicles; factoring loans; commercial and industrial loans and leases; and other loans, such as unsecured consumer loans and other small business and consumer loans.
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