Axos Financial, Inc. (NYSE:AX) Shares Acquired by Arizona State Retirement System

Arizona State Retirement System lifted its position in shares of Axos Financial, Inc. (NYSE:AX) by 3.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 15,686 shares of the company’s stock after buying an additional 537 shares during the quarter. Arizona State Retirement System’s holdings in Axos Financial were worth $856,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Carmel Capital Partners LLC purchased a new stake in Axos Financial during the 3rd quarter worth about $30,000. Avior Wealth Management LLC increased its position in Axos Financial by 102.5% during the 3rd quarter. Avior Wealth Management LLC now owns 810 shares of the company’s stock worth $31,000 after purchasing an additional 410 shares in the last quarter. Ronald Blue Trust Inc. increased its position in Axos Financial by 268.0% during the 3rd quarter. Ronald Blue Trust Inc. now owns 942 shares of the company’s stock worth $37,000 after purchasing an additional 686 shares in the last quarter. State of Wyoming increased its position in Axos Financial by 50.0% during the 4th quarter. State of Wyoming now owns 1,131 shares of the company’s stock worth $43,000 after purchasing an additional 377 shares in the last quarter. Finally, Quarry LP increased its position in Axos Financial by 51.6% during the 1st quarter. Quarry LP now owns 1,252 shares of the company’s stock worth $46,000 after purchasing an additional 426 shares in the last quarter. Institutional investors and hedge funds own 83.79% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on AX. Raymond James lifted their price objective on Axos Financial from $45.00 to $62.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 31st. Wedbush lifted their price target on Axos Financial from $59.00 to $62.00 and gave the company a “neutral” rating in a report on Wednesday, January 31st. Finally, StockNews.com upgraded Axos Financial from a “sell” rating to a “hold” rating in a report on Monday, February 5th.

Axos Financial Stock Down 0.2 %

Shares of NYSE:AX opened at $48.87 on Thursday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.07 and a current ratio of 1.07. Axos Financial, Inc. has a 1 year low of $32.05 and a 1 year high of $60.00. The stock has a market capitalization of $2.78 billion, a P/E ratio of 7.21 and a beta of 1.44. The stock has a 50-day simple moving average of $51.56 and a 200-day simple moving average of $47.58.

Axos Financial (NYSE:AX) last issued its earnings results on Tuesday, January 30th. The company reported $1.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.39 by $0.21. Axos Financial had a return on equity of 17.83% and a net margin of 24.55%. The business had revenue of $352.74 million during the quarter, compared to analysts’ expectations of $247.43 million. During the same quarter in the previous year, the business earned $1.38 EPS. The company’s revenue for the quarter was up 54.5% on a year-over-year basis. Equities analysts forecast that Axos Financial, Inc. will post 6.45 earnings per share for the current year.

Insider Transactions at Axos Financial

In other news, EVP Andrew J. Micheletti sold 1,548 shares of the business’s stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $51.57, for a total transaction of $79,830.36. Following the completion of the sale, the executive vice president now owns 427,535 shares in the company, valued at approximately $22,047,979.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP Andrew J. Micheletti sold 1,548 shares of the business’s stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $51.57, for a total transaction of $79,830.36. Following the transaction, the executive vice president now directly owns 427,535 shares of the company’s stock, valued at approximately $22,047,979.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Sara Wardell-Smith purchased 5,000 shares of Axos Financial stock in a transaction that occurred on Friday, March 15th. The shares were bought at an average cost of $49.75 per share, for a total transaction of $248,750.00. Following the completion of the transaction, the director now directly owns 5,000 shares in the company, valued at approximately $248,750. The disclosure for this purchase can be found here. Company insiders own 4.82% of the company’s stock.

Axos Financial 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.