AXOS FINANCIAL, INC $AX Shares Sold by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System decreased its stake in AXOS FINANCIAL, INC (NYSE:AX) by 2.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 25,000 shares of the company’s stock after selling 500 shares during the period. Louisiana State Employees Retirement System’s holdings in AXOS FINANCIAL were worth $1,901,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Venturi Wealth Management LLC boosted its stake in AXOS FINANCIAL by 15.0% during the 2nd quarter. Venturi Wealth Management LLC now owns 4,600 shares of the company’s stock worth $350,000 after purchasing an additional 600 shares during the period. KLP Kapitalforvaltning AS boosted its stake in AXOS FINANCIAL by 5.3% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 15,900 shares of the company’s stock worth $1,209,000 after purchasing an additional 800 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new stake in AXOS FINANCIAL during the 2nd quarter worth $208,000. Truist Financial Corp boosted its stake in AXOS FINANCIAL by 24.5% during the 2nd quarter. Truist Financial Corp now owns 12,483 shares of the company’s stock worth $949,000 after purchasing an additional 2,457 shares during the period. Finally, SummerHaven Investment Management LLC boosted its stake in AXOS FINANCIAL by 1.7% during the 2nd quarter. SummerHaven Investment Management LLC now owns 13,620 shares of the company’s stock worth $1,036,000 after purchasing an additional 234 shares during the period. Institutional investors and hedge funds own 83.79% of the company’s stock.

AXOS FINANCIAL Stock Down 4.8%

Shares of AXOS FINANCIAL stock opened at $79.37 on Friday. The company has a market cap of $4.49 billion, a P/E ratio of 10.64 and a beta of 1.29. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.09 and a current ratio of 1.09. AXOS FINANCIAL, INC has a one year low of $54.46 and a one year high of $93.84. The firm has a fifty day moving average of $87.89 and a two-hundred day moving average of $77.23.

AXOS FINANCIAL (NYSE:AX) last announced its quarterly earnings results on Wednesday, July 30th. The company reported $1.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.82 by $0.12. The business had revenue of $321.45 million during the quarter, compared to the consensus estimate of $311.73 million. AXOS FINANCIAL had a net margin of 22.24% and a return on equity of 17.11%. The business’s revenue was up 10.5% compared to the same quarter last year. During the same quarter last year, the firm posted $1.83 EPS. On average, analysts forecast that AXOS FINANCIAL, INC will post 7.22 earnings per share for the current year.

Analysts Set New Price Targets

AX has been the subject of a number of recent research reports. DA Davidson increased their price target on shares of AXOS FINANCIAL from $100.00 to $106.00 and gave the stock a “buy” rating in a research note on Wednesday, September 24th. Weiss Ratings reiterated a “buy (b-)” rating on shares of AXOS FINANCIAL in a research note on Saturday, September 27th. Needham & Company LLC increased their price target on shares of AXOS FINANCIAL from $102.00 to $105.00 and gave the stock a “buy” rating in a research note on Monday, September 29th. Keefe, Bruyette & Woods upped their price objective on shares of AXOS FINANCIAL from $94.00 to $100.00 and gave the stock a “market perform” rating in a research report on Monday, September 29th. Finally, Raymond James Financial restated an “outperform” rating and set a $100.00 price objective (up previously from $95.00) on shares of AXOS FINANCIAL in a research report on Tuesday, September 23rd. Six investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $96.83.

Insider Transactions at AXOS FINANCIAL

In other news, EVP Andrew J. Micheletti sold 13,960 shares of the stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $85.38, for a total value of $1,191,904.80. Following the completion of the transaction, the executive vice president owned 67,460 shares in the company, valued at $5,759,734.80. This trade represents a 17.15% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Candace L. Thiele sold 700 shares of the stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $90.14, for a total transaction of $63,098.00. Following the completion of the transaction, the executive vice president owned 23 shares of the company’s stock, valued at $2,073.22. This represents a 96.82% decrease in their position. The disclosure for this sale can be found here. Company insiders own 4.85% 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.