Illinois Municipal Retirement Fund Purchases 2,649 Shares of Axos Financial, Inc. (NYSE:AX)

Illinois Municipal Retirement Fund grew its holdings in Axos Financial, Inc. (NYSE:AX) by 9.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,132 shares of the company’s stock after purchasing an additional 2,649 shares during the quarter. Illinois Municipal Retirement Fund owned about 0.05% of Axos Financial worth $1,628,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in AX. American Century Companies Inc. boosted its position in shares of Axos Financial by 152.8% during the 3rd quarter. American Century Companies Inc. now owns 1,395,715 shares of the company’s stock worth $52,842,000 after purchasing an additional 843,606 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Axos Financial by 114.1% in the 4th quarter. Goldman Sachs Group Inc. now owns 795,381 shares of the company’s stock worth $43,428,000 after purchasing an additional 423,930 shares in the last quarter. Norges Bank acquired a new stake in Axos Financial in the 4th quarter valued at $21,573,000. Cubist Systematic Strategies LLC increased its stake in Axos Financial by 167.9% during the 4th quarter. Cubist Systematic Strategies LLC now owns 369,759 shares of the company’s stock valued at $20,189,000 after purchasing an additional 231,722 shares in the last quarter. Finally, Eagle Asset Management Inc. acquired a new position in Axos Financial during the fourth quarter worth $7,471,000. Institutional investors own 83.79% of the company’s stock.

Wall Street Analyst Weigh In

AX has been the subject of a number of analyst reports. Piper Sandler lifted their price objective on shares of Axos Financial from $65.00 to $68.00 and gave the company an “overweight” rating in a report on Wednesday, May 1st. Wedbush reissued a “neutral” rating and set a $60.00 price objective on shares of Axos Financial in a report on Wednesday, May 1st. Finally, Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $79.00 price objective on shares of Axos Financial in a research note on Tuesday, June 4th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, Axos Financial has an average rating of “Moderate Buy” and an average target price of $67.25.

Axos Financial Trading Up 0.4 %

Shares of AX stock opened at $62.06 on Monday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.07 and a current ratio of 1.07. The company has a market capitalization of $3.54 billion, a price-to-earnings ratio of 8.42 and a beta of 1.43. Axos Financial, Inc. has a 52-week low of $32.05 and a 52-week high of $63.44. The company has a 50-day simple moving average of $56.59 and a two-hundred day simple moving average of $53.92.

Axos Financial (NYSE:AX) last released its earnings results on Tuesday, April 30th. The company reported $1.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.70 by $0.21. The company had revenue of $476.73 million during the quarter, compared to analyst estimates of $277.85 million. Axos Financial had a return on equity of 18.57% and a net margin of 24.39%. During the same period in the prior year, the company posted $1.35 earnings per share. Research analysts anticipate that Axos Financial, Inc. will post 6.76 EPS for the current fiscal 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.