California State Teachers Retirement System Has $2.54 Million Stock Holdings in Axos Financial, Inc. (NYSE:AX)

California State Teachers Retirement System cut its holdings in Axos Financial, Inc. (NYSE:AX) by 1.3% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 68,765 shares of the company’s stock after selling 933 shares during the quarter. California State Teachers Retirement System owned about 0.12% of Axos Financial worth $2,539,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Moisand Fitzgerald Tamayo LLC acquired a new stake in Axos Financial in the first quarter valued at approximately $25,000. State of Wyoming lifted its stake in shares of Axos Financial by 50.0% in the fourth quarter. State of Wyoming now owns 1,131 shares of the company’s stock worth $43,000 after buying an additional 377 shares during the last quarter. Tobam lifted its stake in shares of Axos Financial by 362.4% in the first quarter. Tobam now owns 1,845 shares of the company’s stock worth $68,000 after buying an additional 1,446 shares during the last quarter. IFP Advisors Inc lifted its stake in shares of Axos Financial by 10.8% in the fourth quarter. IFP Advisors Inc now owns 2,720 shares of the company’s stock worth $114,000 after buying an additional 265 shares during the last quarter. Finally, National Bank of Canada FI lifted its stake in shares of Axos Financial by 29.5% in the first quarter. National Bank of Canada FI now owns 2,852 shares of the company’s stock worth $105,000 after buying an additional 649 shares during the last quarter. 78.42% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Wedbush boosted their target price on shares of Axos Financial from $42.00 to $49.00 in a research report on Friday, July 28th. Raymond James boosted their target price on shares of Axos Financial from $47.00 to $55.00 and gave the stock an “outperform” rating in a research report on Monday, July 31st. Piper Sandler boosted their target price on shares of Axos Financial from $48.00 to $63.00 in a research report on Friday, July 28th. Finally, StockNews.com assumed coverage on shares of Axos Financial in a research report on Wednesday. They set a “hold” rating on the stock. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $54.60.

Axos Financial Stock Performance

Shares of Axos Financial stock opened at $41.56 on Friday. The firm has a market capitalization of $2.47 billion, a PE ratio of 8.15 and a beta of 1.47. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.08 and a quick ratio of 1.08. The company’s fifty day moving average price is $42.89 and its two-hundred day moving average price is $40.21. Axos Financial, Inc. has a 52-week low of $33.15 and a 52-week high of $51.46.

Axos Financial (NYSE:AX) last announced its quarterly earnings results on Thursday, July 27th. The company reported $1.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.27 by $0.23. The firm had revenue of $236.46 million for the quarter, compared to analyst estimates of $227.98 million. Axos Financial had a net margin of 24.04% and a return on equity of 18.00%. On average, analysts expect that Axos Financial, Inc. will post 5.28 EPS for the current year.

Insider Buying and Selling at Axos Financial

In other news, EVP Andrew J. Micheletti sold 6,000 shares of the business’s stock in a transaction on Tuesday, June 13th. The shares were sold at an average price of $41.29, for a total value of $247,740.00. Following the sale, the executive vice president now owns 503,689 shares in the company, valued at approximately $20,797,318.81. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Andrew J. Micheletti sold 6,000 shares of the business’s stock in a transaction on Tuesday, June 13th. The shares were sold at an average price of $41.29, for a total value of $247,740.00. Following the sale, the executive vice president now owns 503,689 shares in the company, valued at approximately $20,797,318.81. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Gregory Garrabrants sold 40,000 shares of the business’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $45.53, for a total transaction of $1,821,200.00. Following the completion of the sale, the chief executive officer now owns 1,583,647 shares in the company, valued at approximately $72,103,447.91. The disclosure for this sale can be found here. Insiders have sold 131,312 shares of company stock valued at $5,938,692 in the last 90 days. 4.81% of the stock is currently owned by company insiders.

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.