New York State Teachers Retirement System Boosts Stock Position in Axos Financial, Inc. (NYSE:AX)

New York State Teachers Retirement System boosted its holdings in shares of Axos Financial, Inc. (NYSE:AX) by 0.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 43,126 shares of the company’s stock after purchasing an additional 279 shares during the quarter. New York State Teachers Retirement System owned approximately 0.08% of Axos Financial worth $3,012,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Heck Capital Advisors LLC purchased a new stake in Axos Financial during the 4th quarter worth approximately $35,000. Farther Finance Advisors LLC grew its position in shares of Axos Financial by 881.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 648 shares of the company’s stock worth $41,000 after acquiring an additional 582 shares in the last quarter. Ashton Thomas Securities LLC acquired a new position in shares of Axos Financial in the 3rd quarter worth approximately $41,000. R Squared Ltd acquired a new position in shares of Axos Financial in the 4th quarter worth approximately $66,000. Finally, US Bancorp DE grew its position in shares of Axos Financial by 325.2% in the 3rd quarter. US Bancorp DE now owns 1,029 shares of the company’s stock worth $65,000 after acquiring an additional 787 shares in the last quarter. 83.79% of the stock is currently owned by hedge funds and other institutional investors.

Axos Financial Trading Down 3.2 %

Shares of AX stock opened at $66.02 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.09 and a current ratio of 1.09. Axos Financial, Inc. has a 1 year low of $44.10 and a 1 year high of $88.46. The stock has a fifty day moving average of $70.91 and a two-hundred day moving average of $70.16. The firm has a market capitalization of $3.77 billion, a PE ratio of 8.87 and a beta of 1.45.

Axos Financial (NYSE:AX) last announced its quarterly earnings results on Tuesday, January 28th. The company reported $1.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.75 by $0.07. Axos Financial had a return on equity of 18.67% and a net margin of 22.10%. As a group, research analysts expect that Axos Financial, Inc. will post 7.22 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on AX shares. StockNews.com upgraded Axos Financial from a “sell” rating to a “hold” rating in a research report on Monday, December 9th. Keefe, Bruyette & Woods decreased their target price on Axos Financial from $91.00 to $90.00 and set a “market perform” rating for the company in a research report on Wednesday, January 29th. Needham & Company LLC lifted their target price on Axos Financial from $85.00 to $88.00 and gave the stock a “buy” rating in a research report on Wednesday, January 29th. Raymond James restated an “outperform” rating and set a $80.00 price objective (up previously from $75.00) on shares of Axos Financial in a research report on Wednesday, January 29th. Finally, DA Davidson reduced their price objective on Axos Financial from $96.00 to $88.00 and set a “buy” rating for the company in a research report on Thursday, January 30th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $84.17.

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.