Axos Financial, Inc. (NYSE:AX) Holdings Raised by Arizona State Retirement System

Arizona State Retirement System grew its stake in shares of Axos Financial, Inc. (NYSE:AX) by 3.5% in the 4th quarter, HoldingsChannel reports. The firm owned 15,686 shares of the company’s stock after acquiring 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 have also modified their holdings of the company. AlphaMark Advisors LLC purchased a new stake in Axos Financial in the 4th quarter worth about $348,000. Mutual Advisors LLC purchased a new stake in Axos Financial in the 4th quarter worth about $238,000. Raymond James Trust N.A. purchased a new stake in Axos Financial in the 4th quarter worth about $205,000. First Hawaiian Bank lifted its stake in Axos Financial by 65.7% in the 4th quarter. First Hawaiian Bank now owns 13,015 shares of the company’s stock worth $711,000 after acquiring an additional 5,160 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. lifted its stake in Axos Financial by 1.2% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 44,796 shares of the company’s stock worth $1,696,000 after acquiring an additional 510 shares in the last quarter. 83.79% of the stock is owned by hedge funds and other institutional investors.

Axos Financial Stock Performance

Shares of AX stock opened at $48.87 on Thursday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.07 and a quick ratio of 1.07. Axos Financial, Inc. has a fifty-two week low of $32.05 and a fifty-two week high of $60.00. The stock’s 50-day moving average is $51.56 and its two-hundred day moving average is $47.58. The firm has a market cap of $2.78 billion, a P/E ratio of 7.21 and a beta of 1.44.

Axos Financial (NYSE:AX) last issued its earnings results on Tuesday, January 30th. The company reported $1.60 earnings per share for the quarter, topping the consensus estimate of $1.39 by $0.21. The company had revenue of $352.74 million for the quarter, compared to analyst estimates of $247.43 million. Axos Financial had a return on equity of 17.83% and a net margin of 24.55%. The business’s revenue was up 54.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.38 EPS. Analysts predict that Axos Financial, Inc. will post 6.45 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Sara Wardell-Smith acquired 5,000 shares of the stock in a transaction dated Friday, March 15th. The shares were acquired at an average price of $49.75 per share, with a total value of $248,750.00. Following the acquisition, the director now owns 5,000 shares in the company, valued at approximately $248,750. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Sara Wardell-Smith acquired 5,000 shares of the stock in a transaction dated Friday, March 15th. The shares were acquired at an average price of $49.75 per share, with a total value of $248,750.00. Following the acquisition, the director now owns 5,000 shares in the company, valued at approximately $248,750. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Andrew J. Micheletti sold 2,500 shares of the stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $52.89, for a total value of $132,225.00. Following the transaction, the executive vice president now directly owns 422,583 shares in the company, valued at approximately $22,350,414.87. The disclosure for this sale can be found here. 4.82% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several brokerages recently issued reports on AX. Wedbush increased their price objective on Axos Financial from $59.00 to $62.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 31st. StockNews.com raised Axos Financial from a “sell” rating to a “hold” rating in a research report on Monday, February 5th. Finally, Raymond James upped their target price on Axos Financial from $45.00 to $62.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 31st.

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.