Axos Financial, Inc (NYSE:AX) Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas cut its stake in shares of Axos Financial, Inc (NYSE:AX) by 31.1% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 7,929 shares of the company’s stock after selling 3,583 shares during the period. Teacher Retirement System of Texas’ holdings in Axos Financial were worth $512,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Axos Financial by 94.8% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 8,017 shares of the company’s stock valued at $517,000 after buying an additional 3,901 shares during the period. NewEdge Advisors LLC raised its position in Axos Financial by 1,700.0% in 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. GAMMA Investing LLC raised its position in Axos Financial by 39.2% in the first quarter. GAMMA Investing LLC now owns 1,834 shares of the company’s stock worth $118,000 after acquiring an additional 516 shares in the last quarter. Swiss National Bank lifted its holdings in Axos Financial by 0.7% in the fourth quarter. Swiss National Bank now owns 106,400 shares of the company’s stock valued at $7,432,000 after acquiring an additional 700 shares during the period. Finally, O Shaughnessy Asset Management LLC purchased a new stake in shares of Axos Financial during the 4th quarter worth $223,000. 83.79% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AX has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods increased their price target on shares of Axos Financial from $85.00 to $90.00 and gave the company a “market perform” rating in a report on Friday, July 11th. DA Davidson lowered their target price on shares of Axos Financial from $88.00 to $84.00 and set a “buy” rating on the stock in a research report on Thursday, May 1st. Wall Street Zen downgraded shares of Axos Financial from a “hold” rating to a “sell” rating in a research report on Saturday, July 5th. Jefferies Financial Group initiated coverage on Axos Financial in a research note on Wednesday, May 21st. They set a “buy” rating and a $90.00 price target on the stock. Finally, Raymond James Financial upped their price target on Axos Financial from $72.00 to $90.00 and gave the stock an “outperform” rating in a report on Tuesday, July 8th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $85.86.

Insider Activity

In related news, Director Paul Grinberg sold 30,000 shares of Axos Financial stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $68.09, for a total transaction of $2,042,700.00. Following the completion of the sale, the director owned 113,295 shares in the company, valued at approximately $7,714,256.55. This trade represents a 20.94% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 5.07% of the stock is owned by corporate insiders.

Axos Financial Stock Performance

Shares of AX opened at $83.30 on Thursday. Axos Financial, Inc has a 12-month low of $54.46 and a 12-month high of $88.46. The stock has a market cap of $4.70 billion, a P/E ratio of 11.35 and a beta of 1.29. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.19. The company has a 50-day moving average of $74.51 and a two-hundred day moving average of $68.98.

Axos Financial (NYSE:AX) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $1.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.74 by $0.07. The firm had revenue of $432.72 million during the quarter, compared to the consensus estimate of $305.04 million. Axos Financial had a return on equity of 17.58% and a net margin of 21.93%. During the same period in the previous year, the firm posted $1.91 EPS. As a group, research analysts predict that Axos Financial, Inc will post 7.22 EPS for the current fiscal year.

Axos Financial announced that its Board of Directors has approved a share repurchase program on Monday, May 12th that permits the company to buyback $100.00 million in shares. This buyback authorization permits the company to purchase up to 2.5% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s board of directors believes its stock is undervalued.

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.