Public Employees Retirement Association of Colorado Has $375,000 Holdings in Axos Financial, Inc. (NYSE:AX)

Public Employees Retirement Association of Colorado decreased its holdings in Axos Financial, Inc. (NYSE:AX) by 9.7% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,553 shares of the company’s stock after selling 700 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Axos Financial were worth $375,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. American Century Companies Inc. grew its position in shares of Axos Financial by 26.2% during the 2nd quarter. American Century Companies Inc. now owns 1,549,748 shares of the company’s stock worth $88,568,000 after purchasing an additional 321,494 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Axos Financial by 114.1% in the fourth quarter. Goldman Sachs Group Inc. now owns 795,381 shares of the company’s stock valued at $43,428,000 after buying an additional 423,930 shares during the period. Norges Bank bought a new position in shares of Axos Financial during the fourth quarter valued at $21,573,000. Emerald Mutual Fund Advisers Trust raised its position in Axos Financial by 9.6% during the 2nd quarter. Emerald Mutual Fund Advisers Trust now owns 382,276 shares of the company’s stock worth $21,847,000 after purchasing an additional 33,366 shares during the last quarter. Finally, Cubist Systematic Strategies LLC lifted its stake in shares of Axos Financial by 167.9% in the fourth quarter. Cubist Systematic Strategies LLC now owns 369,759 shares of the company’s stock worth $20,189,000 after acquiring an additional 231,722 shares during the period. 83.79% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Wedbush dropped their target price on shares of Axos Financial from $80.00 to $75.00 and set a “neutral” rating on the stock in a report on Tuesday. Keefe, Bruyette & Woods downgraded shares of Axos Financial from an “outperform” rating to a “market perform” rating and set a $79.00 price target for the company. in a research report on Wednesday, July 31st. Piper Sandler lifted their price target on Axos Financial from $68.00 to $84.00 and gave the company an “overweight” rating in a research note on Wednesday, July 31st. Finally, Raymond James upped their target price on shares of Axos Financial from $67.00 to $81.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $79.75.

Insider Buying and Selling at Axos Financial

In other news, EVP Andrew J. Micheletti sold 5,197 shares of the business’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $63.13, for a total transaction of $328,086.61. Following the completion of the transaction, the executive vice president now directly owns 424,149 shares in the company, valued at approximately $26,776,526.37. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 4.82% of the company’s stock.

Axos Financial Trading Down 0.4 %

Shares of AX stock opened at $62.29 on Friday. The firm has a market cap of $3.55 billion, a P/E ratio of 8.45 and a beta of 1.40. The company has a 50 day moving average of $66.76 and a 200-day moving average of $59.25. 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.

Axos Financial (NYSE:AX) last posted its earnings results on Tuesday, July 30th. The company reported $1.80 earnings per share for the quarter, hitting the consensus estimate of $1.80. The firm had revenue of $484.29 million during the quarter, compared to the consensus estimate of $296.02 million. Axos Financial had a net margin of 23.96% and a return on equity of 18.57%. During the same quarter last year, the company earned $1.50 earnings per share. Sell-side analysts anticipate that Axos Financial, Inc. will post 7.17 earnings per share for the current year.

Axos Financial Company 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.