State of Alaska Department of Revenue Purchases 7,017 Shares of Axos Financial, Inc $AX

State of Alaska Department of Revenue lifted its stake in Axos Financial, Inc (NYSE:AX) by 22.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 37,686 shares of the company’s stock after purchasing an additional 7,017 shares during the period. State of Alaska Department of Revenue owned 0.07% of Axos Financial worth $3,245,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in AX. Royal Bank of Canada grew its holdings in shares of Axos Financial by 0.9% in the 1st quarter. Royal Bank of Canada now owns 108,986 shares of the company’s stock valued at $7,031,000 after acquiring an additional 1,015 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Axos Financial by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 32,539 shares of the company’s stock valued at $2,099,000 after buying an additional 1,429 shares during the period. United Services Automobile Association bought a new stake in shares of Axos Financial in the first quarter valued at approximately $212,000. Cetera Investment Advisers boosted its stake in shares of Axos Financial by 1.8% in the second quarter. Cetera Investment Advisers now owns 8,197 shares of the company’s stock valued at $623,000 after buying an additional 141 shares during the period. Finally, Arrowstreet Capital Limited Partnership bought a new stake in Axos Financial during the second quarter worth $6,252,000. Institutional investors and hedge funds own 83.79% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on AX. Jefferies Financial Group upped their price target on shares of Axos Financial from $110.00 to $115.00 and gave the stock a “buy” rating in a report on Friday, January 30th. DA Davidson upped their price target on shares of Axos Financial from $107.50 to $112.00 and gave the company a “buy” rating in a research report on Friday, January 30th. Needham & Company LLC restated a “buy” rating and issued a $110.00 target price on shares of Axos Financial in a research note on Monday, March 16th. Keefe, Bruyette & Woods upped their target price on Axos Financial from $100.00 to $110.00 and gave the stock a “market perform” rating in a research report on Friday, January 30th. Finally, Raymond James Financial raised shares of Axos Financial from an “outperform” rating to a “strong-buy” rating and dropped their price target for the company from $110.00 to $100.00 in a research report on Tuesday, April 7th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Axos Financial currently has a consensus rating of “Moderate Buy” and a consensus price target of $104.50.

Insider Activity at Axos Financial

In other Axos Financial news, Director James John Court sold 11,163 shares of the company’s stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $101.01, for a total value of $1,127,574.63. Following the sale, the director owned 32,169 shares in the company, valued at approximately $3,249,390.69. This represents a 25.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Gregory Garrabrants sold 43,294 shares of the company’s stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $99.10, for a total transaction of $4,290,435.40. Following the completion of the transaction, the chief executive officer owned 1,418,751 shares in the company, valued at approximately $140,598,224.10. This represents a 2.96% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 59,303 shares of company stock worth $5,908,474 over the last 90 days. 4.85% of the stock is owned by company insiders.

Axos Financial Stock Down 0.1%

AX opened at $94.68 on Friday. The company has a fifty day moving average price of $89.94 and a 200-day moving average price of $87.09. The firm has a market capitalization of $5.37 billion, a P/E ratio of 12.00 and a beta of 1.26. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.08 and a quick ratio of 1.08. Axos Financial, Inc has a one year low of $58.52 and a one year high of $101.92.

Axos Financial (NYSE:AX) last posted its quarterly earnings results on Thursday, January 29th. The company reported $2.25 earnings per share for the quarter, topping the consensus estimate of $2.07 by $0.18. Axos Financial had a net margin of 22.66% and a return on equity of 16.98%. The business had revenue of $385.09 million during the quarter, compared to the consensus estimate of $345.89 million. During the same period in the previous year, the firm posted $1.82 earnings per share. The firm’s revenue for the quarter was up 25.1% on a year-over-year basis. Equities research analysts expect that Axos Financial, Inc will post 7.22 earnings per share for the current fiscal year.

Axos Financial Profile

Axos Financial, Inc (NYSE: AX) is a diversified online banking and financial services holding company headquartered in San Diego, California. The firm traces its origins to 1999 with the launch of Bank of Internet USA and rebranded as Axos Financial in December 2018 to reflect an expanded suite of digital offerings. Axos Financial operates through its wholly owned subsidiary, Axos Bank, providing a technology-driven banking platform that serves both retail and commercial clients across the United States.

Through its digital banking platform, Axos Financial delivers a range of deposit products, including checking and savings accounts, money market and certificate of deposit accounts, as well as individual retirement accounts.