Wedbush Cuts Axos Financial (NYSE:AX) Price Target to $75.00

Axos Financial (NYSE:AX) had its price objective decreased by Wedbush from $80.00 to $75.00 in a report issued on Tuesday morning, Benzinga reports. Wedbush currently has a neutral rating on the stock. Wedbush also issued estimates for Axos Financial’s FY2026 earnings at $8.25 EPS.

AX has been the subject of several other reports. Raymond James upped their price target on shares of Axos Financial from $67.00 to $81.00 and gave the company an outperform rating in a research report on Wednesday, July 31st. Keefe, Bruyette & Woods lowered Axos Financial from an outperform rating to a market perform rating and set a $79.00 price target on the stock. in a research report on Wednesday, July 31st. Finally, Piper Sandler boosted their price objective on Axos Financial from $68.00 to $84.00 and gave the company an overweight rating in a research report on Wednesday, July 31st. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Axos Financial has an average rating of Hold and an average price target of $79.75.

Axos Financial Price Performance

Shares of Axos Financial stock opened at $62.29 on Tuesday. The business’s 50-day moving average price is $66.76 and its 200-day moving average price is $59.25. The firm has a market capitalization of $3.55 billion, a PE ratio of 8.45 and a beta of 1.40. Axos Financial has a 12 month low of $32.05 and a 12 month high of $79.15. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.17.

Axos Financial (NYSE:AX) last posted its quarterly earnings results on Tuesday, July 30th. The company reported $1.80 EPS for the quarter, hitting the consensus estimate of $1.80. Axos Financial had a net margin of 23.96% and a return on equity of 18.57%. The firm had revenue of $484.29 million for the quarter, compared to the consensus estimate of $296.02 million. During the same period last year, the firm posted $1.50 earnings per share. Sell-side analysts forecast that Axos Financial will post 7.17 EPS for the current fiscal year.

Insider Buying and Selling at Axos Financial

In other news, EVP Andrew J. Micheletti sold 5,197 shares of Axos Financial stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $63.13, for a total value of $328,086.61. Following the sale, the executive vice president now directly owns 424,149 shares in the company, valued at approximately $26,776,526.37. The sale was disclosed in a filing with the SEC, which is available through this link. 4.82% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Axos Financial

Institutional investors and hedge funds have recently modified their holdings of the stock. Goldman Sachs Group Inc. raised its stake in Axos Financial by 114.1% in 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. Norges Bank purchased a new position in shares of Axos Financial during the 4th quarter worth approximately $21,573,000. American Century Companies Inc. raised its position in shares of Axos Financial by 26.2% in the 2nd quarter. American Century Companies Inc. now owns 1,549,748 shares of the company’s stock worth $88,568,000 after acquiring an additional 321,494 shares in the last quarter. Cubist Systematic Strategies LLC lifted 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 purchasing an additional 231,722 shares during the period. Finally, Millennium Management LLC lifted its stake in shares of Axos Financial by 107.9% in the 2nd quarter. Millennium Management LLC now owns 367,251 shares of the company’s stock valued at $20,988,000 after purchasing an additional 190,584 shares during the period. 83.79% of the stock is owned by hedge funds and other institutional investors.

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.