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

State of Alaska Department of Revenue grew its stake in shares of Axos Financial, Inc. (NYSE:AX) by 3.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 owned about 0.05% of Axos Financial worth $1,941,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets increased its holdings in shares of Axos Financial by 37.6% in the 1st quarter. BNP Paribas Financial Markets now owns 45,960 shares of the company’s stock valued at $2,484,000 after acquiring an additional 12,560 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S bought a new stake in Axos Financial during the first quarter valued at $706,000. GSA Capital Partners LLP raised its holdings in shares of Axos Financial by 122.2% during the first quarter. GSA Capital Partners LLP now owns 31,440 shares of the company’s stock worth $1,699,000 after purchasing an additional 17,288 shares during the period. SG Americas Securities LLC lifted its position in shares of Axos Financial by 24.5% in the 1st quarter. SG Americas Securities LLC now owns 5,800 shares of the company’s stock worth $313,000 after buying an additional 1,142 shares during the last quarter. Finally, Illinois Municipal Retirement Fund boosted its holdings in shares of Axos Financial by 9.6% in the 1st quarter. Illinois Municipal Retirement Fund now owns 30,132 shares of the company’s stock valued at $1,628,000 after buying an additional 2,649 shares during the period. 83.79% of the stock is owned by institutional investors and hedge funds.

Axos Financial Stock Down 2.7 %

AX opened at $65.87 on Friday. The stock’s 50 day moving average price is $64.96 and its 200 day moving average price is $61.37. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.08 and a quick ratio of 1.08. The stock has a market cap of $3.75 billion, a P/E ratio of 7.97 and a beta of 1.39. Axos Financial, Inc. has a 12 month low of $32.05 and a 12 month high of $79.15.

Axos Financial (NYSE:AX) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $1.96 earnings per share for the quarter, beating analysts’ consensus estimates of $1.80 by $0.16. The business had revenue of $512.87 million for the quarter, compared to analysts’ expectations of $299.59 million. Axos Financial had a net margin of 24.07% and a return on equity of 19.47%. During the same period in the previous year, the business earned $1.41 earnings per share. As a group, research analysts predict that Axos Financial, Inc. will post 7.03 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In other news, EVP Andrew J. Micheletti sold 5,197 shares of the stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $63.13, for a total value 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 $26,776,526.37. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 5.07% of the stock is owned by 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.