Louisiana State Employees Retirement System Acquires New Holdings in Axos Financial, Inc $AX

Louisiana State Employees Retirement System bought a new stake in Axos Financial, Inc (NYSE:AX) in the 1st quarter, Holdings Channel.com reports. The fund bought 25,100 shares of the company’s stock, valued at approximately $2,136,000.

Several other large investors have also recently bought and sold shares of the company. Cetera Investment Advisers boosted its position in shares of Axos Financial by 0.7% during the fourth quarter. Cetera Investment Advisers now owns 16,547 shares of the company’s stock worth $1,426,000 after purchasing an additional 108 shares in the last quarter. Ashton Thomas Private Wealth LLC increased its position in shares of Axos Financial by 3.3% in the 4th quarter. Ashton Thomas Private Wealth LLC now owns 3,495 shares of the company’s stock valued at $301,000 after buying an additional 113 shares in the last quarter. Police & Firemen s Retirement System of New Jersey increased its position in shares of Axos Financial by 0.9% in the 4th quarter. Police & Firemen s Retirement System of New Jersey now owns 14,871 shares of the company’s stock valued at $1,281,000 after buying an additional 132 shares in the last quarter. Salomon & Ludwin LLC increased its position in shares of Axos Financial by 43.2% in the 4th quarter. Salomon & Ludwin LLC now owns 441 shares of the company’s stock valued at $39,000 after buying an additional 133 shares in the last quarter. Finally, Rockefeller Capital Management L.P. raised its stake in Axos Financial by 7.2% during the 4th quarter. Rockefeller Capital Management L.P. now owns 2,186 shares of the company’s stock worth $188,000 after buying an additional 146 shares during the period. Institutional investors own 83.79% of the company’s stock.

Insider Buying and Selling at Axos Financial

In other news, EVP Michael James Watson sold 1,653 shares of Axos Financial stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $83.77, for a total value of $138,471.81. Following the completion of the transaction, the executive vice president owned 4,592 shares of the company’s stock, valued at $384,671.84. This trade represents a 26.47% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Roque A. Santi sold 500 shares of the business’s stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $87.77, for a total transaction of $43,885.00. Following the transaction, the director owned 7,646 shares in the company, valued at $671,089.42. This represents a 6.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 4.85% of the company’s stock.

Axos Financial Trading Up 0.2%

Axos Financial stock opened at $96.39 on Tuesday. The company has a market cap of $5.48 billion, a price-to-earnings ratio of 11.71 and a beta of 1.24. The firm has a 50-day moving average of $89.73 and a 200-day moving average of $90.21. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.15 and a quick ratio of 1.15. Axos Financial, Inc has a one year low of $74.89 and a one year high of $101.92.

Axos Financial (NYSE:AX) last released its earnings results on Thursday, April 30th. The company reported $1.90 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.13 by ($0.23). The company had revenue of $392.25 million during the quarter, compared to analyst estimates of $372.51 million. Axos Financial had a net margin of 22.53% and a return on equity of 16.48%. During the same period in the prior year, the firm posted $1.81 EPS. On average, equities analysts expect that Axos Financial, Inc will post 8.38 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have weighed in on AX. Weiss Ratings lowered Axos Financial from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, May 14th. Raymond James Financial upgraded Axos Financial from an “outperform” rating to a “strong-buy” rating and lowered their price target for the stock from $110.00 to $100.00 in a report on Tuesday, April 7th. Needham & Company LLC reiterated a “buy” rating and set a $110.00 price objective on shares of Axos Financial in a report on Monday, March 16th. Finally, Zacks Research lowered Axos Financial from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 8th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Axos Financial presently has a consensus rating of “Moderate Buy” and an average target price of $109.40.

Axos Financial Company 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.