3,000 Shares in AXOS FINANCIAL, INC $AX Bought by Strs Ohio

Strs Ohio acquired a new position in shares of AXOS FINANCIAL, INC (NYSE:AX) in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 3,000 shares of the company’s stock, valued at approximately $194,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Heck Capital Advisors LLC acquired a new position in shares of AXOS FINANCIAL during the 4th quarter worth about $35,000. GAMMA Investing LLC boosted its position in shares of AXOS FINANCIAL by 39.2% in the 1st quarter. GAMMA Investing LLC now owns 1,834 shares of the company’s stock valued at $118,000 after purchasing an additional 516 shares during the period. Quarry LP acquired a new stake in shares of AXOS FINANCIAL in the 1st quarter valued at about $119,000. Palouse Capital Management Inc. boosted its position in shares of AXOS FINANCIAL by 37.2% in the 1st quarter. Palouse Capital Management Inc. now owns 2,649 shares of the company’s stock valued at $171,000 after purchasing an additional 718 shares during the period. Finally, United Services Automobile Association acquired a new stake in shares of AXOS FINANCIAL in the 1st quarter valued at about $212,000. 83.79% of the stock is owned by institutional investors and hedge funds.

AXOS FINANCIAL Stock Performance

Shares of AX stock opened at $87.56 on Thursday. The company has a market cap of $4.95 billion, a price-to-earnings ratio of 11.74 and a beta of 1.32. The stock has a 50 day simple moving average of $88.11 and a 200-day simple moving average of $75.44. AXOS FINANCIAL, INC has a 12-month low of $54.46 and a 12-month high of $93.84. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.17.

AXOS FINANCIAL (NYSE:AX) last released its quarterly earnings data on Wednesday, July 30th. The company reported $1.94 earnings per share for the quarter, beating the consensus estimate of $1.82 by $0.12. AXOS FINANCIAL had a return on equity of 17.11% and a net margin of 22.24%.The firm had revenue of $321.45 million during the quarter, compared to the consensus estimate of $311.73 million. During the same period last year, the business posted $1.83 EPS. AXOS FINANCIAL’s quarterly revenue was up 10.5% on a year-over-year basis. On average, equities analysts forecast that AXOS FINANCIAL, INC will post 7.22 EPS for the current year.

Insiders Place Their Bets

In other AXOS FINANCIAL news, EVP Andrew J. Micheletti sold 13,960 shares of the stock in a transaction on Monday, August 4th. The stock was sold at an average price of $85.38, for a total transaction of $1,191,904.80. Following the sale, the executive vice president owned 67,460 shares in the company, valued at approximately $5,759,734.80. This represents a 17.15% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Candace L. Thiele sold 700 shares of the firm’s stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $90.14, for a total value of $63,098.00. Following the sale, the executive vice president owned 23 shares in the company, valued at $2,073.22. This trade represents a 96.82% decrease in their position. The disclosure for this sale can be found here. 5.07% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on AX. DA Davidson upped their target price on AXOS FINANCIAL from $100.00 to $106.00 and gave the company a “buy” rating in a research report on Wednesday. Wall Street Zen raised AXOS FINANCIAL from a “sell” rating to a “hold” rating in a research note on Saturday, August 2nd. Keefe, Bruyette & Woods upped their price objective on AXOS FINANCIAL from $90.00 to $94.00 and gave the company a “market perform” rating in a research note on Thursday, July 31st. Needham & Company LLC upped their price objective on AXOS FINANCIAL from $92.00 to $102.00 and gave the company a “buy” rating in a research note on Thursday, July 31st. Finally, Raymond James Financial reaffirmed an “outperform” rating and set a $100.00 price objective (up from $95.00) on shares of AXOS FINANCIAL in a research note on Tuesday. Five analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, AXOS FINANCIAL currently has an average rating of “Moderate Buy” and a consensus target price of $95.33.

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.