Axos Financial, Inc $AX Holdings Raised by California State Teachers Retirement System

Key Points

• California State Teachers Retirement System increased its Axos Financial stake by 8,982.1% in the second quarter, acquiring 5.6 million additional shares and ending with a 9.96% ownership position valued at approximately $551.9 million.
• Axos Financial reported quarterly EPS of $2.53, beating estimates of $2.16, while revenue reached $379.8 million versus expectations of $375.5 million. Return on equity was 16.96% and net margin was 22.39%.
• Analysts maintain a generally positive outlook, with the stock carrying a “Moderate Buy” consensus rating and an average price target of $115.67, above its reported share price of $93.87.

California State Teachers Retirement System increased its stake in Axos Financial, Inc (NYSE:AX - Free Report) by 8,982.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,667,319 shares of the company's stock after purchasing an additional 5,604,918 shares during the quarter. California State Teachers Retirement System owned about 9.96% of Axos Financial worth $551,940,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of AX. Rockefeller Capital Management L.P. lifted its stake in shares of Axos Financial by 7.2% in the 4th quarter. Rockefeller Capital Management L.P. now owns 2,186 shares of the company's stock worth $188,000 after acquiring an additional 146 shares during the period. GAMMA Investing LLC raised its holdings in Axos Financial by 6.6% during the second quarter. GAMMA Investing LLC now owns 2,427 shares of the company's stock worth $236,000 after purchasing an additional 150 shares in the last quarter. Coldstream Capital Management Inc. raised its holdings in Axos Financial by 3.9% during the fourth quarter. Coldstream Capital Management Inc. now owns 6,034 shares of the company's stock worth $520,000 after purchasing an additional 224 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in Axos Financial by 42.8% in the first quarter. EverSource Wealth Advisors LLC now owns 767 shares of the company's stock worth $65,000 after purchasing an additional 230 shares during the period. Finally, Oak Associates Ltd. OH lifted its position in Axos Financial by 3.9% in the first quarter. Oak Associates Ltd. OH now owns 7,059 shares of the company's stock worth $601,000 after purchasing an additional 267 shares during the period. Institutional investors own 83.79% of the company's stock.

Axos Financial Stock Performance

Shares of NYSE AX opened at $93.87 on Tuesday. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $5.33 billion, a price-to-earnings ratio of 11.08 and a beta of 1.22. The stock's fifty day simple moving average is $98.03 and its 200 day simple moving average is $92.42. Axos Financial, Inc has a 52-week low of $74.89 and a 52-week high of $105.74.

Axos Financial (NYSE:AX - Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The company reported $2.53 earnings per share for the quarter, beating analysts' consensus estimates of $2.16 by $0.37. Axos Financial had a return on equity of 16.96% and a net margin of 22.39%.The business had revenue of $379.77 million during the quarter, compared to analyst estimates of $375.54 million. During the same quarter last year, the company posted $1.94 EPS. As a group, sell-side analysts forecast that Axos Financial, Inc will post 9.59 earnings per share for the current fiscal year.

Insider Buying and Selling at Axos Financial

In related news, Director Roque Santi sold 500 shares of the company's stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $105.30, for a total transaction of $52,650.00. Following the transaction, the director directly owned 7,146 shares of the company's stock, valued at approximately $752,473.80. The trade was a 6.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 4.85% of the company's stock.

Wall Street Analyst Weigh In

AX has been the topic of several research analyst reports. Keefe, Bruyette & Woods lifted their price target on Axos Financial from $105.00 to $110.00 and gave the company a "market perform" rating in a research report on Friday, July 31st. Weiss Ratings upgraded Axos Financial from a "buy (b-)" rating to a "buy (b)" rating in a report on Wednesday, July 1st. DA Davidson set a $121.00 target price on Axos Financial in a research note on Friday, July 31st. Needham & Company LLC lifted their target price on Axos Financial from $110.00 to $128.00 and gave the stock a "buy" rating in a report on Friday, July 31st. Finally, Benchmark boosted their price target on shares of Axos Financial from $115.00 to $120.00 and gave the stock a "buy" rating in a research report on Thursday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $115.67.

Axos Financial Profile

Axos Financial, Inc is the parent company of Axos Bank, a digital-first financial institution that provides banking and financial services to consumers, businesses and institutional clients. The company operates primarily through online and mobile platforms, supplemented by relationship-based banking and specialized service teams.

Axos Bank offers deposit products, personal and business checking and savings accounts, certificates of deposit, consumer lending, residential mortgage loans, commercial and industrial loans, commercial real estate financing and treasury management services.

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