Piper Sandler Raises Axos Financial (NYSE:AX) Price Target to $68.00

Axos Financial (NYSE:AX) had its price objective boosted by Piper Sandler from $65.00 to $68.00 in a research note issued to investors on Wednesday, Benzinga reports. Piper Sandler currently has an overweight rating on the stock.

Several other research firms also recently commented on AX. Wedbush reissued a neutral rating and issued a $60.00 target price on shares of Axos Financial in a research note on Wednesday. Raymond James lifted their price objective on shares of Axos Financial from $45.00 to $62.00 and gave the company an outperform rating in a research report on Wednesday, January 31st. Finally, StockNews.com upgraded shares of Axos Financial from a sell rating to a hold rating in a research note on Monday, February 5th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and a consensus price target of $67.25.

Axos Financial Trading Up 0.4 %

Shares of NYSE:AX opened at $57.51 on Wednesday. The company’s 50-day moving average price is $51.48 and its two-hundred day moving average price is $48.69. Axos Financial has a one year low of $32.05 and a one year high of $60.00. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.07 and a quick ratio of 1.07. The stock has a market capitalization of $3.28 billion, a PE ratio of 7.78 and a beta of 1.42.

Axos Financial (NYSE:AX) last released its earnings results on Tuesday, April 30th. The company reported $1.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.70 by $0.21. The business had revenue of $476.73 million for the quarter, compared to analyst estimates of $277.85 million. Axos Financial had a return on equity of 18.57% and a net margin of 24.39%. During the same quarter in the prior year, the company posted $1.35 earnings per share. On average, equities analysts forecast that Axos Financial will post 6.45 EPS for the current fiscal year.

Insider Buying and Selling at Axos Financial

In other news, EVP Andrew J. Micheletti sold 2,500 shares of the stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $52.89, for a total value of $132,225.00. Following the transaction, the executive vice president now directly owns 422,583 shares of the company’s stock, valued at $22,350,414.87. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Andrew J. Micheletti sold 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $52.89, for a total value of $132,225.00. Following the transaction, the executive vice president now owns 422,583 shares of the company’s stock, valued at $22,350,414.87. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Andrew J. Micheletti sold 1,548 shares of the stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $51.57, for a total value of $79,830.36. Following the transaction, the executive vice president now owns 427,535 shares in the company, valued at approximately $22,047,979.95. The disclosure for this sale can be found here. Insiders own 4.82% of the company’s stock.

Institutional Investors Weigh In On Axos Financial

A number of institutional investors have recently modified their holdings of AX. Dimensional Fund Advisors LP increased its position in Axos Financial by 5.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,724,331 shares of the company’s stock worth $148,755,000 after acquiring an additional 134,266 shares during the period. Davis Asset Management L.P. increased its holdings in shares of Axos Financial by 5.3% during the third quarter. Davis Asset Management L.P. now owns 1,500,000 shares of the company’s stock worth $56,790,000 after purchasing an additional 75,000 shares during the period. American Century Companies Inc. raised its position in shares of Axos Financial by 152.8% in the third quarter. American Century Companies Inc. now owns 1,395,715 shares of the company’s stock valued at $52,842,000 after buying an additional 843,606 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in shares of Axos Financial by 5.7% in the third quarter. Ameriprise Financial Inc. now owns 1,376,615 shares of the company’s stock valued at $52,119,000 after buying an additional 74,649 shares during the period. Finally, Goldman Sachs Group Inc. grew its position in Axos Financial by 114.1% during the fourth quarter. Goldman Sachs Group Inc. now owns 795,381 shares of the company’s stock worth $43,428,000 after buying an additional 423,930 shares in the last quarter. Institutional investors own 83.79% of the company’s stock.

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.