Axos Financial, Inc. (NYSE:AX) Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue cut its holdings in Axos Financial, Inc. (NYSE:AX) by 0.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 30,700 shares of the company’s stock after selling 183 shares during the quarter. State of Alaska Department of Revenue’s holdings in Axos Financial were worth $2,144,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. State Street Corp increased its stake in shares of Axos Financial by 5.5% during the third 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 during the period. Geode Capital Management LLC boosted its holdings 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 buying an additional 91,797 shares in the last quarter. Wasatch Advisors LP boosted its holdings in Axos Financial by 34.0% during the third quarter. Wasatch Advisors LP now owns 1,154,737 shares of the company’s stock worth $72,610,000 after buying an additional 292,952 shares in the last quarter. Geneva Capital Management LLC boosted its holdings in Axos Financial by 0.3% during the third quarter. Geneva Capital Management LLC now owns 708,520 shares of the company’s stock worth $44,552,000 after buying an additional 1,976 shares in the last quarter. Finally, Emerald Advisers LLC boosted its holdings in Axos Financial by 14.4% during the third quarter. Emerald Advisers LLC now owns 505,544 shares of the company’s stock worth $31,789,000 after buying an additional 63,458 shares in the last quarter. 83.79% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Edward James Ratinoff sold 4,002 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $79.41, for a total transaction of $317,798.82. Following the completion of the transaction, the director now owns 46,209 shares of the company’s stock, valued at approximately $3,669,456.69. This represents a 7.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 5.07% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

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

Axos Financial Stock Performance

Shares of AX opened at $71.82 on Tuesday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.09 and a current ratio of 1.09. The company has a market capitalization of $4.10 billion, a price-to-earnings ratio of 9.65 and a beta of 1.45. The company’s 50 day simple moving average is $72.77 and its 200 day simple moving average is $70.30. Axos Financial, Inc. has a 1 year low of $44.10 and a 1 year high of $88.46.

Axos Financial (NYSE:AX) last issued its quarterly earnings results on Tuesday, January 28th. The company reported $1.82 EPS for the quarter, topping the consensus estimate of $1.75 by $0.07. Axos Financial had a net margin of 22.10% and a return on equity of 18.67%. On average, sell-side analysts predict that Axos Financial, Inc. will post 7.18 EPS for the current 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.