Teacher Retirement System of Texas Has $512,000 Position in Axos Financial, Inc (NYSE:AX)

Teacher Retirement System of Texas reduced its position in shares of Axos Financial, Inc (NYSE:AX - Free Report) by 31.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,929 shares of the company's stock after selling 3,583 shares during the period. Teacher Retirement System of Texas' holdings in Axos Financial were worth $512,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Heck Capital Advisors LLC acquired a new stake in Axos Financial in the fourth quarter valued at $35,000. NewEdge Advisors LLC lifted its position in shares of Axos Financial by 1,700.0% during the fourth quarter. NewEdge Advisors LLC now owns 900 shares of the company's stock worth $63,000 after purchasing an additional 850 shares during the last quarter. GAMMA Investing LLC grew its stake in Axos Financial by 39.2% in the first quarter. GAMMA Investing LLC now owns 1,834 shares of the company's stock worth $118,000 after purchasing an additional 516 shares in the last quarter. Covestor Ltd grew its stake in Axos Financial by 24.1% in the fourth quarter. Covestor Ltd now owns 2,274 shares of the company's stock worth $158,000 after purchasing an additional 442 shares in the last quarter. Finally, Palouse Capital Management Inc. grew its stake in Axos Financial by 37.2% in the first quarter. Palouse Capital Management Inc. now owns 2,649 shares of the company's stock worth $171,000 after purchasing an additional 718 shares in the last quarter. 83.79% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Piper Sandler dropped their target price on shares of Axos Financial from $84.00 to $80.00 and set an "overweight" rating on the stock in a report on Thursday, May 1st. Jefferies Financial Group started coverage on shares of Axos Financial in a report on Wednesday, May 21st. They issued a "buy" rating and a $90.00 price objective on the stock. Wall Street Zen cut shares of Axos Financial from a "hold" rating to a "sell" rating in a report on Saturday, July 5th. DA Davidson dropped their price objective on shares of Axos Financial from $88.00 to $84.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. Finally, Keefe, Bruyette & Woods increased their price objective on shares of Axos Financial from $85.00 to $90.00 and gave the stock a "market perform" rating in a report on Friday, July 11th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $85.86.

Insider Buying and Selling

In other news, Director Paul Grinberg sold 30,000 shares of the firm's stock in a transaction on Monday, May 5th. The shares were sold at an average price of $68.09, for a total value of $2,042,700.00. Following the sale, the director owned 113,295 shares in the company, valued at approximately $7,714,256.55. This trade represents a 20.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 5.07% of the stock is currently owned by company insiders.

Axos Financial Trading Down 0.1%

AX stock traded down $0.09 during mid-day trading on Friday, reaching $85.47. 286,741 shares of the stock traded hands, compared to its average volume of 459,687. The stock's fifty day moving average is $75.18 and its 200-day moving average is $69.18. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.19. The company has a market cap of $4.82 billion, a P/E ratio of 11.64 and a beta of 1.29. Axos Financial, Inc has a 52-week low of $54.46 and a 52-week high of $88.46.

Axos Financial (NYSE:AX - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $1.81 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.74 by $0.07. The business had revenue of $432.72 million during the quarter, compared to analyst estimates of $305.04 million. Axos Financial had a net margin of 21.93% and a return on equity of 17.58%. During the same period in the prior year, the firm earned $1.91 earnings per share. As a group, sell-side analysts expect that Axos Financial, Inc will post 7.22 earnings per share for the current year.

Axos Financial declared that its Board of Directors has initiated a share buyback plan on Monday, May 12th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the company to repurchase up to 2.5% of its shares through open market purchases. Shares buyback plans are typically an indication that the company's board believes its shares are undervalued.

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.