Axos Financial, Inc. (NYSE:AX) Shares Purchased by Teacher Retirement System of Texas

Teacher Retirement System of Texas boosted its position in shares of Axos Financial, Inc. (NYSE:AX) by 3.4% in the fourth quarter, HoldingsChannel.com reports. The fund owned 11,512 shares of the company’s stock after purchasing an additional 374 shares during the period. Teacher Retirement System of Texas’ holdings in Axos Financial were worth $804,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Heck Capital Advisors LLC purchased a new position in shares of Axos Financial in the fourth quarter valued at approximately $35,000. Kestra Investment Management LLC purchased a new position in Axos Financial in the 4th quarter valued at approximately $52,000. R Squared Ltd acquired a new position in shares of Axos Financial in the fourth quarter worth $66,000. SRS Capital Advisors Inc. increased its position in shares of Axos Financial by 238.6% during the fourth quarter. SRS Capital Advisors Inc. now owns 1,097 shares of the company’s stock worth $77,000 after acquiring an additional 773 shares during the period. Finally, Parkside Financial Bank & Trust raised its stake in shares of Axos Financial by 206.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,261 shares of the company’s stock valued at $88,000 after acquiring an additional 849 shares in the last quarter. 83.79% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently commented on AX shares. Keefe, Bruyette & Woods lowered their target price on Axos Financial from $91.00 to $90.00 and set a “market perform” rating for the company in a research note on Wednesday, January 29th. Raymond James restated an “outperform” rating and set a $80.00 target price (up from $75.00) on shares of Axos Financial in a research note 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. Needham & Company LLC boosted their price target 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. Finally, DA Davidson reduced their price objective 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 equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Axos Financial has an average rating of “Moderate Buy” and a consensus target price of $84.17.

Axos Financial Stock Performance

Shares of AX opened at $63.61 on Friday. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.20. Axos Financial, Inc. has a 52-week low of $44.10 and a 52-week high of $88.46. The stock has a 50 day moving average price of $67.66 and a 200 day moving average price of $70.02. The company has a market capitalization of $3.63 billion, a price-to-earnings ratio of 8.55 and a beta of 1.45.

Axos Financial (NYSE:AX) last posted its earnings results on Tuesday, January 28th. The company reported $1.82 EPS for the quarter, beating analysts’ consensus estimates of $1.75 by $0.07. Axos Financial had a net margin of 22.10% and a return on equity of 18.67%. Research analysts predict that Axos Financial, Inc. will post 7.22 EPS for the current fiscal year.

Insider Activity

In other Axos Financial news, Director Sara Wardell-Smith bought 3,000 shares of the stock in a transaction dated Tuesday, March 4th. The shares were acquired at an average cost of $64.73 per share, for a total transaction of $194,190.00. Following the completion of the transaction, the director now owns 10,250 shares in the company, valued at approximately $663,482.50. The trade was a 41.38 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 5.07% 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.