Axos Financial, Inc. (NYSE:AX) Holdings Raised by State of Alaska Department of Revenue

State of Alaska Department of Revenue increased its stake in Axos Financial, Inc. (NYSE:AX) by 3.7% during the third quarter, HoldingsChannel reports. The firm owned 30,883 shares of the company’s stock after acquiring an additional 1,115 shares during the period. State of Alaska Department of Revenue’s holdings in Axos Financial were worth $1,941,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. DekaBank Deutsche Girozentrale boosted its stake in Axos Financial by 2.0% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 22,226 shares of the company’s stock worth $1,376,000 after purchasing an additional 431 shares during the period. Louisiana State Employees Retirement System grew its holdings in shares of Axos Financial by 2.7% during the third quarter. Louisiana State Employees Retirement System now owns 26,200 shares of the company’s stock valued at $1,647,000 after buying an additional 700 shares in the last quarter. Argent Capital Management LLC grew its holdings in shares of Axos Financial by 306.5% during the third quarter. Argent Capital Management LLC now owns 34,039 shares of the company’s stock valued at $2,140,000 after buying an additional 25,665 shares in the last quarter. Raymond James & Associates grew its holdings in shares of Axos Financial by 29.7% during the third quarter. Raymond James & Associates now owns 109,964 shares of the company’s stock valued at $6,915,000 after buying an additional 25,158 shares in the last quarter. Finally, nVerses Capital LLC raised its position in Axos Financial by 88.9% during the third quarter. nVerses Capital LLC now owns 5,100 shares of the company’s stock valued at $321,000 after buying an additional 2,400 shares during the period. Institutional investors and hedge funds own 83.79% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on AX. Needham & Company LLC lifted their target price on Axos Financial from $82.00 to $85.00 and gave the company a “buy” rating in a research note on Thursday. Wedbush lowered their price objective on shares of Axos Financial from $80.00 to $75.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 24th. Piper Sandler upped their price objective on shares of Axos Financial from $68.00 to $84.00 and gave the company an “overweight” rating in a research note on Wednesday, July 31st. Keefe, Bruyette & Woods boosted their price target on shares of Axos Financial from $72.00 to $74.00 and gave the company a “market perform” rating in a report on Friday. Finally, Raymond James lifted their price objective on Axos Financial from $67.00 to $81.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $79.80.

Axos Financial Stock Performance

Shares of AX opened at $65.87 on Friday. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.17. Axos Financial, Inc. has a 12 month low of $32.05 and a 12 month high of $79.15. The company’s fifty day moving average is $64.96 and its 200-day moving average is $61.37. The firm has a market cap of $3.75 billion, a price-to-earnings ratio of 7.97 and a beta of 1.39.

Axos Financial (NYSE:AX) last posted its earnings results on Wednesday, October 30th. The company reported $1.96 earnings per share for the quarter, beating the consensus estimate of $1.80 by $0.16. The company had revenue of $512.87 million for the quarter, compared to analyst estimates of $299.59 million. Axos Financial had a return on equity of 19.47% and a net margin of 24.07%. During the same period last year, the company earned $1.41 earnings per share. Equities analysts expect that Axos Financial, Inc. will post 7.03 EPS for the current fiscal year.

Insider Activity at Axos Financial

In other Axos Financial news, EVP Andrew J. Micheletti sold 5,197 shares of the company’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $63.13, for a total transaction of $328,086.61. Following the completion of the sale, the executive vice president now owns 424,149 shares of the company’s stock, valued at $26,776,526.37. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 5.07% of the stock is 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.