Louisiana State Employees Retirement System Acquires 700 Shares of Axos Financial, Inc. (NYSE:AX)

Louisiana State Employees Retirement System grew its holdings in Axos Financial, Inc. (NYSE:AX) by 2.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,200 shares of the company’s stock after acquiring an additional 700 shares during the period. Louisiana State Employees Retirement System’s holdings in Axos Financial were worth $1,647,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the business. Hollencrest Capital Management purchased a new position in Axos Financial during the second quarter valued at $25,000. EntryPoint Capital LLC lifted its stake in Axos Financial by 816.7% in the 1st quarter. EntryPoint Capital LLC now owns 495 shares of the company’s stock worth $27,000 after purchasing an additional 441 shares in the last quarter. Kathleen S. Wright Associates Inc. bought a new position in shares of Axos Financial during the 3rd quarter valued at about $27,000. Advisors Asset Management Inc. grew its position in shares of Axos Financial by 122.5% during the first quarter. Advisors Asset Management Inc. now owns 901 shares of the company’s stock valued at $49,000 after purchasing an additional 496 shares in the last quarter. Finally, 1620 Investment Advisors Inc. bought a new stake in shares of Axos Financial in the second quarter worth about $49,000. Institutional investors own 83.79% of the company’s stock.

Axos Financial Stock Up 1.8 %

NYSE AX opened at $67.69 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 firm has a market capitalization of $3.86 billion, a price-to-earnings ratio of 9.34 and a beta of 1.39. The company has a fifty day moving average of $64.89 and a two-hundred day moving average of $61.33.

Axos Financial (NYSE:AX) last released its quarterly earnings results on Wednesday, October 30th. The company reported $1.96 EPS for the quarter, topping analysts’ consensus estimates of $1.80 by $0.16. Axos Financial had a net margin of 23.96% and a return on equity of 18.57%. The firm had revenue of $512.87 million during the quarter, compared to analysts’ expectations of $299.59 million. During the same period in the previous year, the company earned $1.41 EPS. On average, analysts predict that Axos Financial, Inc. will post 7.12 earnings per share for the current year.

Analyst Upgrades and Downgrades

AX has been the subject of a number of research reports. Raymond James increased their price target on Axos Financial from $67.00 to $81.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. Needham & Company LLC raised their target price on shares of Axos Financial from $82.00 to $85.00 and gave the company a “buy” rating in a report on Thursday. Piper Sandler upped their price target 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. Keefe, Bruyette & Woods cut shares of Axos Financial from an “outperform” rating to a “market perform” rating and set a $79.00 price objective for the company. in a research note on Wednesday, July 31st. Finally, Wedbush reduced their target price on shares of Axos Financial from $80.00 to $75.00 and set a “neutral” rating on the stock in a report on Tuesday, September 24th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Axos Financial presently has a consensus rating of “Moderate Buy” and a consensus price target of $80.80.

Insider Activity

In related news, EVP Andrew J. Micheletti sold 5,197 shares of the business’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $63.13, for a total transaction of $328,086.61. Following the completion of the transaction, the executive vice president now owns 424,149 shares in the company, valued at $26,776,526.37. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 4.82% of the company’s stock.

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.