Maryland State Retirement & Pension System Lowers Position in Axos Financial, Inc. (NYSE:AX)

Maryland State Retirement & Pension System decreased its holdings in shares of Axos Financial, Inc. (NYSE:AX) by 3.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 18,674 shares of the company’s stock after selling 648 shares during the period. Maryland State Retirement & Pension System’s holdings in Axos Financial were worth $1,020,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the business. Carmel Capital Partners LLC acquired a new stake in shares of Axos Financial during the 3rd quarter valued at approximately $30,000. GAMMA Investing LLC acquired a new stake in Axos Financial in the fourth quarter valued at $49,000. Covestor Ltd increased its position in shares of Axos Financial by 34.1% in the third quarter. Covestor Ltd now owns 1,302 shares of the company’s stock valued at $49,000 after buying an additional 331 shares in the last quarter. Strs Ohio raised its stake in shares of Axos Financial by 220.0% during the 4th quarter. Strs Ohio now owns 1,600 shares of the company’s stock worth $87,000 after buying an additional 1,100 shares during the last quarter. Finally, Raymond James Trust N.A. purchased a new stake in shares of Axos Financial in the 4th quarter worth about $205,000. 83.79% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Axos Financial

In other news, Director Sara Wardell-Smith purchased 5,000 shares of the company’s stock in a transaction on Friday, March 15th. The shares were bought at an average price of $49.75 per share, for a total transaction of $248,750.00. Following the completion of the purchase, the director now owns 5,000 shares of the company’s stock, valued at $248,750. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, EVP Andrew J. Micheletti sold 2,500 shares of Axos Financial stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $52.89, for a total transaction of $132,225.00. Following the transaction, the executive vice president now directly owns 422,583 shares in the company, valued at approximately $22,350,414.87. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Sara Wardell-Smith acquired 5,000 shares of the business’s stock in a transaction dated Friday, March 15th. The stock was purchased at an average price of $49.75 per share, with a total value of $248,750.00. Following the acquisition, the director now owns 5,000 shares of the company’s stock, valued at $248,750. The disclosure for this purchase can be found here. 4.82% of the stock is currently owned by company insiders.

Axos Financial Stock Performance

Axos Financial stock opened at $60.60 on Friday. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.20. The stock has a 50 day moving average of $52.20 and a 200-day moving average of $49.47. The stock has a market cap of $3.45 billion, a P/E ratio of 8.22 and a beta of 1.42. Axos Financial, Inc. has a 52 week low of $32.05 and a 52 week high of $61.07.

Axos Financial (NYSE:AX) last released its earnings results on Tuesday, April 30th. The company reported $1.91 earnings per share for the quarter, beating the consensus estimate of $1.70 by $0.21. Axos Financial had a net margin of 24.39% and a return on equity of 18.57%. The firm had revenue of $476.73 million during the quarter, compared to analyst estimates of $277.85 million. During the same quarter in the previous year, the firm earned $1.35 earnings per share. On average, analysts expect that Axos Financial, Inc. will post 6.76 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently issued reports on AX shares. StockNews.com upgraded Axos Financial from a “sell” rating to a “hold” rating in a research report on Monday, February 5th. Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $79.00 price objective (up previously from $77.00) on shares of Axos Financial in a research report on Thursday, May 2nd. Raymond James raised their target price on shares of Axos Financial from $45.00 to $62.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 31st. Piper Sandler increased their price target on Axos Financial from $65.00 to $68.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 1st. Finally, Wedbush reaffirmed a “neutral” rating and issued a $60.00 price objective on shares of Axos Financial in a research report on Wednesday, May 1st. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Axos Financial presently has a consensus rating of “Moderate Buy” and a consensus price target of $67.25.

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.