Keefe, Bruyette & Woods Lowers Axos Financial (NYSE:AX) to Market Perform

Keefe, Bruyette & Woods lowered shares of Axos Financial (NYSE:AX) from an outperform rating to a market perform rating in a research note issued to investors on Wednesday morning, MarketBeat.com reports. They currently have $79.00 price objective on the stock.

A number of other equities research analysts also recently commented on AX. Wedbush restated a neutral rating and issued a $60.00 target price on shares of Axos Financial in a research report on Wednesday, May 1st. Piper Sandler increased their target price on shares of Axos Financial from $65.00 to $68.00 and gave the stock an overweight rating in a research note on Wednesday, May 1st. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of Hold and a consensus price target of $81.00.

Axos Financial Stock Down 3.9 %

Shares of NYSE:AX opened at $67.20 on Wednesday. Axos Financial has a 52-week low of $32.05 and a 52-week high of $79.15. The stock has a market cap of $3.83 billion, a P/E ratio of 9.12 and a beta of 1.42. The business has a fifty day moving average of $59.95 and a two-hundred day moving average of $55.73. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.20.

Axos Financial (NYSE:AX) last posted its earnings results on Tuesday, July 30th. The company reported $1.80 earnings per share for the quarter, meeting the consensus estimate of $1.80. The company had revenue of $484.29 million for the quarter, compared to analyst estimates of $296.02 million. Axos Financial had a net margin of 23.96% and a return on equity of 19.03%. During the same period in the previous year, the business posted $1.50 EPS. On average, research analysts expect that Axos Financial will post 7.21 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP grew its stake in shares of Axos Financial by 5.2% in 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 in the last quarter. Goldman Sachs Group Inc. increased its holdings in Axos Financial by 114.1% during the 4th quarter. Goldman Sachs Group Inc. now owns 795,381 shares of the company’s stock worth $43,428,000 after purchasing an additional 423,930 shares during the period. Charles Schwab Investment Management Inc. raised its position in Axos Financial by 1.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 613,391 shares of the company’s stock valued at $33,491,000 after purchasing an additional 10,716 shares in the last quarter. Norges Bank acquired a new stake in Axos Financial in the 4th quarter valued at about $21,573,000. Finally, Cubist Systematic Strategies LLC boosted its stake in shares of Axos Financial by 167.9% in the 4th quarter. Cubist Systematic Strategies LLC now owns 369,759 shares of the company’s stock valued at $20,189,000 after buying an additional 231,722 shares during the period. 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.