California State Teachers Retirement System Has $5.67 Million Stock Holdings in Axos Financial, Inc $AX

Key Points

• California State Teachers Retirement System reduced its Axos Financial stake by 6.7% in the second quarter, selling 4,209 shares and retaining 58,192 shares worth approximately $5.67 million. Institutional investors collectively own 83.79% of the company.
• Analysts remain generally positive, with Axos Financial carrying a “Moderate Buy” consensus rating and an average price target of $115.67, above its reported share price of $93.18.
• Axos Financial exceeded quarterly expectations, reporting earnings of $2.53 per share versus the $2.16 consensus and revenue of $379.77 million versus estimates of $375.54 million.

California State Teachers Retirement System lessened its holdings in Axos Financial, Inc (NYSE:AX - Free Report) by 6.7% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 58,192 shares of the company's stock after selling 4,209 shares during the quarter. California State Teachers Retirement System owned 0.10% of Axos Financial worth $5,667,319 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of AX. BlackRock Inc. purchased a new position in Axos Financial during the second quarter worth about $817,051,000. Principal Financial Group Inc. lifted its stake in shares of Axos Financial by 4.9% during the 1st quarter. Principal Financial Group Inc. now owns 353,951 shares of the company's stock worth $30,118,000 after acquiring an additional 16,627 shares during the last quarter. Kennedy Capital Management LLC boosted its stake in Axos Financial by 12.3% in the fourth quarter. Kennedy Capital Management LLC now owns 308,935 shares of the company's stock valued at $26,618,000 after acquiring an additional 33,854 shares in the last quarter. Jackson Creek Investment Advisors LLC raised its position in Axos Financial by 714.0% during the fourth quarter. Jackson Creek Investment Advisors LLC now owns 20,725 shares of the company's stock valued at $1,786,000 after acquiring an additional 18,179 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in Axos Financial by 3.6% during the fourth quarter. Geode Capital Management LLC now owns 1,775,539 shares of the company's stock worth $154,687,000 after acquiring an additional 62,269 shares during the last quarter. Institutional investors and hedge funds own 83.79% of the company's stock.

Wall Street Analysts Forecast Growth

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

Axos Financial Price Performance

Shares of AX stock traded down $0.57 on Tuesday, reaching $93.18. 140,183 shares of the company were exchanged, compared to its average volume of 379,565. Axos Financial, Inc has a 1 year low of $74.89 and a 1 year high of $105.74. The company has a market cap of $5.29 billion, a price-to-earnings ratio of 11.00 and a beta of 1.22. The business has a 50-day moving average price of $98.03 and a 200 day moving average price of $92.42. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.07 and a current ratio of 1.07.

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 (EPS) for the quarter, topping analysts' consensus estimates of $2.16 by $0.37. The firm had revenue of $379.77 million for the quarter, compared to analyst estimates of $375.54 million. Axos Financial had a return on equity of 16.96% and a net margin of 22.39%.During the same quarter last year, the company posted $1.94 earnings per share. Equities research analysts forecast that Axos Financial, Inc will post 9.59 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Roque Santi sold 500 shares of the business's stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $105.30, for a total value of $52,650.00. Following the completion of the transaction, the director owned 7,146 shares in the company, valued at $752,473.80. The trade was a 6.54% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 4.85% of the stock is owned by corporate insiders.

About Axos Financial

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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