Teacher Retirement System of Texas Raises Holdings in Axos Financial, Inc. (NYSE:AX)

Teacher Retirement System of Texas boosted its stake in shares of Axos Financial, Inc. (NYSE:AX) by 3.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,512 shares of the company’s stock after acquiring an additional 374 shares during the quarter. Teacher Retirement System of Texas’ holdings in Axos Financial were worth $804,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. State Street Corp boosted its stake in shares of Axos Financial by 5.5% during the 3rd quarter. State Street Corp now owns 3,178,708 shares of the company’s stock worth $199,877,000 after acquiring an additional 164,997 shares in the last quarter. Geode Capital Management LLC boosted its position in Axos Financial by 6.8% during the third quarter. Geode Capital Management LLC now owns 1,444,756 shares of the company’s stock worth $90,861,000 after purchasing an additional 91,797 shares in the last quarter. Wasatch Advisors LP grew its holdings in Axos Financial by 34.0% in the third quarter. Wasatch Advisors LP now owns 1,154,737 shares of the company’s stock valued at $72,610,000 after purchasing an additional 292,952 shares during the period. Boston Partners purchased a new stake in shares of Axos Financial in the fourth quarter valued at approximately $29,918,000. Finally, Principal Financial Group Inc. raised its stake in shares of Axos Financial by 5.4% during the 4th quarter. Principal Financial Group Inc. now owns 337,918 shares of the company’s stock worth $23,604,000 after buying an additional 17,201 shares during the period. 83.79% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on AX shares. Keefe, Bruyette & Woods dropped their price target on shares of Axos Financial from $91.00 to $90.00 and set a “market perform” rating on the stock in a research note on Wednesday, January 29th. Needham & Company LLC boosted their target price on shares of Axos Financial from $85.00 to $88.00 and gave the stock a “buy” rating in a research note on Wednesday, January 29th. StockNews.com raised shares of Axos Financial from a “sell” rating to a “hold” rating in a research note on Monday, December 9th. DA Davidson cut their price objective on Axos Financial from $96.00 to $88.00 and set a “buy” rating for the company in a research note on Thursday, January 30th. Finally, Raymond James reissued an “outperform” rating and set a $80.00 target price (up previously from $75.00) on shares of Axos Financial in a report on Wednesday, January 29th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $84.17.

Insider Transactions at Axos Financial

In other news, Director Sara Wardell-Smith purchased 3,000 shares of the business’s stock in a transaction dated Tuesday, March 4th. The stock was acquired at an average price of $64.73 per share, for a total transaction of $194,190.00. Following the acquisition, the director now directly owns 10,250 shares of the company’s stock, valued at approximately $663,482.50. This represents a 41.38 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 5.07% of the company’s stock.

Axos Financial Stock Down 1.7 %

AX stock opened at $63.61 on Friday. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.20. The firm has a 50-day moving average of $67.66 and a two-hundred day moving average of $70.02. Axos Financial, Inc. has a 12 month low of $44.10 and a 12 month high of $88.46. The company has a market cap of $3.63 billion, a price-to-earnings ratio of 8.55 and a beta of 1.45.

Axos Financial (NYSE:AX) last posted its quarterly earnings results on Tuesday, January 28th. The company reported $1.82 EPS for the quarter, beating the consensus estimate 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, analysts forecast that Axos Financial, Inc. will post 7.22 earnings per share 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.