Axos Financial, Inc. (NYSE:AX) Shares Purchased by Public Sector Pension Investment Board

Public Sector Pension Investment Board increased its stake in Axos Financial, Inc. (NYSE:AX) by 7.5% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 111,569 shares of the company’s stock after acquiring an additional 7,766 shares during the quarter. Public Sector Pension Investment Board owned approximately 0.20% of Axos Financial worth $6,376,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the stock. Hollencrest Capital Management purchased a new stake in shares of Axos Financial during the second quarter worth about $25,000. Newbridge Financial Services Group Inc. acquired a new stake in Axos Financial in the 4th quarter worth about $26,000. Investment Research & Advisory Group Inc. purchased a new stake in Axos Financial during the 1st quarter worth approximately $27,000. EntryPoint Capital LLC raised its holdings in shares of Axos Financial by 816.7% during the first quarter. EntryPoint Capital LLC now owns 495 shares of the company’s stock valued at $27,000 after acquiring an additional 441 shares during the last quarter. Finally, FinTrust Capital Advisors LLC purchased a new position in shares of Axos Financial in the fourth quarter valued at approximately $44,000. 83.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently commented on AX shares. Piper Sandler boosted their price target on Axos Financial from $68.00 to $84.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. 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 report on Wednesday, July 31st. Wedbush decreased their price target on shares of Axos Financial from $80.00 to $75.00 and set a “neutral” rating on the stock in a research note on Tuesday. Finally, Keefe, Bruyette & Woods lowered shares of Axos Financial from an “outperform” rating to a “market perform” rating and set a $79.00 price target on the stock. in a research report on Wednesday, July 31st. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $79.75.

Insider Transactions at Axos Financial

In related 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 value of $328,086.61. Following the transaction, the executive vice president now directly owns 424,149 shares in the company, valued at $26,776,526.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 4.82% of the company’s stock.

Axos Financial Stock Down 2.3 %

Shares of AX opened at $64.32 on Wednesday. Axos Financial, Inc. has a 52-week low of $32.05 and a 52-week high of $79.15. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.17. The stock has a fifty day simple moving average of $67.26 and a two-hundred day simple moving average of $59.12. The company has a market capitalization of $3.66 billion, a PE ratio of 8.73 and a beta of 1.40.

Axos Financial (NYSE:AX) last released its quarterly earnings data on Tuesday, July 30th. The company reported $1.80 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.80. Axos Financial had a net margin of 23.96% and a return on equity of 18.57%. The firm had revenue of $484.29 million during the quarter, compared to analysts’ expectations of $296.02 million. During the same period last year, the business earned $1.50 earnings per share. As a group, equities analysts forecast that Axos Financial, Inc. will post 7.22 EPS for the current year.

Axos Financial 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.