Maryland State Retirement & Pension System Has $1.02 Million Stock Holdings in Axos Financial, Inc. (NYSE:AX)

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

A number of other hedge funds have also recently made changes to their positions in AX. SummerHaven Investment Management LLC raised its position in Axos Financial by 1.2% in the 4th quarter. SummerHaven Investment Management LLC now owns 17,185 shares of the company’s stock valued at $938,000 after buying an additional 206 shares during the last quarter. Semanteon Capital Management LP bought a new position in shares of Axos Financial during the fourth quarter valued at about $473,000. GAMMA Investing LLC purchased a new position in Axos Financial during the fourth quarter worth about $49,000. New York State Common Retirement Fund increased its stake in Axos Financial by 2.1% in the 4th quarter. New York State Common Retirement Fund now owns 24,257 shares of the company’s stock valued at $1,324,000 after buying an additional 493 shares during the last quarter. Finally, Cetera Trust Company N.A bought a new stake in Axos Financial during the fourth quarter worth $304,000. 83.79% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Axos Financial

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

Axos Financial Price Performance

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

Axos Financial (NYSE:AX) last announced its quarterly earnings results on Tuesday, April 30th. The company reported $1.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.70 by $0.21. The firm had revenue of $476.73 million for the quarter, compared to the consensus estimate of $277.85 million. Axos Financial had a net margin of 24.39% and a return on equity of 18.57%. During the same period in the prior year, the firm posted $1.35 earnings per share. Equities research analysts anticipate that Axos Financial, Inc. will post 6.76 earnings per share for the current year.

Analysts Set New Price Targets

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

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.