State of Tennessee Department of Treasury Grows Stake in Axos Financial, Inc. (NYSE:AX)

State of Tennessee Department of Treasury lifted its stake in shares of Axos Financial, Inc. (NYSE:AX) by 79.6% in the 4th quarter, HoldingsChannel reports. The firm owned 23,889 shares of the company’s stock after buying an additional 10,586 shares during the quarter. State of Tennessee Department of Treasury’s holdings in Axos Financial were worth $1,669,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of the company. Heck Capital Advisors LLC bought a new position in Axos Financial during the fourth quarter worth about $35,000. Kestra Investment Management LLC purchased a new position in Axos Financial in the 4th quarter valued at approximately $52,000. NewEdge Advisors LLC lifted its position in shares of Axos Financial by 1,700.0% during the fourth quarter. NewEdge Advisors LLC now owns 900 shares of the company’s stock worth $63,000 after acquiring an additional 850 shares in the last quarter. R Squared Ltd purchased a new stake in shares of Axos Financial during the fourth quarter worth $66,000. Finally, SRS Capital Advisors Inc. boosted its holdings in shares of Axos Financial by 238.6% in the fourth quarter. SRS Capital Advisors Inc. now owns 1,097 shares of the company’s stock worth $77,000 after acquiring an additional 773 shares during the period. Hedge funds and other institutional investors own 83.79% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on AX. Keefe, Bruyette & Woods cut their target price on Axos Financial from $91.00 to $90.00 and set a “market perform” rating for the company in a research note on Wednesday, January 29th. Needham & Company LLC upped their target price on shares of Axos Financial from $85.00 to $88.00 and gave the stock a “buy” rating in a report on Wednesday, January 29th. Raymond James reissued an “outperform” rating and issued a $80.00 price target (up from $75.00) on shares of Axos Financial in a report on Wednesday, January 29th. Finally, DA Davidson lowered their price objective on Axos Financial from $96.00 to $88.00 and set a “buy” rating on the stock in a research report on Thursday, January 30th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $84.17.

Insider Buying and Selling at Axos Financial

In related news, Director Sara Wardell-Smith acquired 3,000 shares of Axos Financial stock in a transaction dated Tuesday, March 4th. The shares were purchased at an average cost of $64.73 per share, with a total value of $194,190.00. Following the completion of the purchase, the director now owns 10,250 shares of the company’s stock, valued at $663,482.50. This represents a 41.38 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 5.07% of the company’s stock.

Axos Financial Stock Performance

Axos Financial stock opened at $63.89 on Wednesday. Axos Financial, Inc. has a fifty-two week low of $44.10 and a fifty-two week high of $88.46. The firm’s fifty day moving average price is $62.59 and its 200-day moving average price is $69.56. The stock has a market cap of $3.65 billion, a P/E ratio of 8.59 and a beta of 1.33. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.09 and a current ratio of 1.09.

Axos Financial (NYSE:AX) last posted its quarterly earnings data on Tuesday, January 28th. The company reported $1.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.75 by $0.07. Axos Financial had a return on equity of 18.67% and a net margin of 22.10%. On average, equities research analysts expect that Axos Financial, Inc. will post 7.22 earnings per share for the current fiscal year.

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.