State of New Jersey Common Pension Fund D Buys Shares of 34,829 Axos Financial, Inc. (NYSE:AX)

State of New Jersey Common Pension Fund D purchased a new stake in Axos Financial, Inc. (NYSE:AX) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 34,829 shares of the company’s stock, valued at approximately $1,990,000. State of New Jersey Common Pension Fund D owned approximately 0.06% of Axos Financial as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of AX. Goldman Sachs Group Inc. boosted its position in Axos Financial by 114.1% during the fourth quarter. Goldman Sachs Group Inc. now owns 795,381 shares of the company’s stock valued at $43,428,000 after purchasing an additional 423,930 shares in the last quarter. Norges Bank purchased a new stake in shares of Axos Financial during the fourth quarter valued at about $21,573,000. Cubist Systematic Strategies LLC boosted its holdings in shares of Axos Financial by 167.9% in the 4th quarter. Cubist Systematic Strategies LLC now owns 369,759 shares of the company’s stock valued at $20,189,000 after buying an additional 231,722 shares in the last quarter. M&G Plc purchased a new position in shares of Axos Financial in the 1st quarter worth approximately $8,249,000. Finally, Epoch Investment Partners Inc. purchased a new position in shares of Axos Financial in the 1st quarter worth approximately $7,829,000. Hedge funds and other institutional investors own 83.79% of the company’s stock.

Insider Buying and Selling

In other Axos Financial news, EVP Andrew J. Micheletti sold 5,197 shares of the company’s stock in a transaction 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 sale, the executive vice president now directly owns 424,149 shares of the company’s stock, valued at $26,776,526.37. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 4.82% of the stock is currently owned by corporate insiders.

Axos Financial Trading Down 2.8 %

Shares of NYSE:AX opened at $66.21 on Friday. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.17. Axos Financial, Inc. has a 52-week low of $32.05 and a 52-week high of $79.15. The stock has a market cap of $3.77 billion, a price-to-earnings ratio of 8.98 and a beta of 1.40. The business has a 50-day moving average price of $67.38 and a 200-day moving average price of $58.81.

Axos Financial (NYSE:AX) last posted its quarterly earnings results on Tuesday, July 30th. The company reported $1.80 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.80. The company had revenue of $484.29 million during the quarter, compared to analyst estimates of $296.02 million. Axos Financial had a net margin of 23.96% and a return on equity of 18.57%. During the same period last year, the firm posted $1.50 EPS. Equities analysts predict that Axos Financial, Inc. will post 7.22 EPS for the current year.

Analyst Ratings Changes

AX has been the subject of several recent analyst reports. Piper Sandler raised their target price on shares of Axos Financial from $68.00 to $84.00 and gave the company an “overweight” rating in a research note on Wednesday, July 31st. Wedbush boosted their target price on Axos Financial from $60.00 to $80.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 31st. Keefe, Bruyette & Woods cut Axos Financial from an “outperform” rating to a “market perform” rating and set a $79.00 price target for the company. in a research note on Wednesday, July 31st. Finally, Raymond James raised their price target on Axos Financial from $67.00 to $81.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, Axos Financial currently has an average rating of “Hold” and a consensus target price of $81.00.

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.