VIRGINIA RETIREMENT SYSTEMS ET Al Makes New $1.28 Million Investment in Axos Financial, Inc $AX

Key Points

• Virginia Retirement Systems purchased 13,155 Axos Financial shares worth approximately $1.28 million during the second quarter.
• Institutional investors own 83.79% of Axos Financial, with BlackRock and California State Teachers’ Retirement System among the largest recent investors.
• Axos Financial exceeded quarterly earnings expectations, reporting $2.53 EPS versus the $2.16 consensus estimate, while analysts maintain a “Moderate Buy” consensus and an average price target of $115.67.

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in Axos Financial, Inc (NYSE:AX - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 13,155 shares of the company's stock, valued at approximately $1,281,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of AX. BlackRock Inc. acquired a new stake in shares of Axos Financial during the second quarter worth $817,051,000. California State Teachers Retirement System lifted its holdings in Axos Financial by 8,982.1% in the second quarter. California State Teachers Retirement System now owns 5,667,319 shares of the company's stock valued at $551,940,000 after buying an additional 5,604,918 shares during the period. State Street Corp lifted its holdings in Axos Financial by 0.5% in the fourth quarter. State Street Corp now owns 2,696,323 shares of the company's stock valued at $232,315,000 after buying an additional 13,669 shares during the period. Dimensional Fund Advisors LP boosted its position in Axos Financial by 0.3% during the first quarter. Dimensional Fund Advisors LP now owns 2,177,003 shares of the company's stock valued at $185,234,000 after acquiring an additional 7,509 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position 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 valued at $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.

Axos Financial Trading Down 0.5%

AX opened at $93.23 on Friday. The company has a fifty day moving average price of $98.17 and a two-hundred day moving average price of $92.40. 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 P/E ratio of 11.01 and a beta of 1.22. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.35.

Axos Financial (NYSE:AX - Get Free Report) last released its quarterly earnings data 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 company had revenue of $379.77 million for the quarter, compared to analysts' expectations of $375.54 million. Axos Financial had a net margin of 22.39% and a return on equity of 16.96%. During the same quarter in the prior year, the firm earned $1.94 EPS. Analysts predict that Axos Financial, Inc will post 9.59 EPS for the current fiscal year.

Insiders Place Their Bets

In other Axos Financial news, Director Roque Santi sold 500 shares of the stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $105.30, for a total value of $52,650.00. Following the transaction, the director owned 7,146 shares in the company, valued at approximately $752,473.80. This represents a 6.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 4.85% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on AX shares. Needham & Company LLC lifted their price objective on Axos Financial from $110.00 to $128.00 and gave the stock a "buy" 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 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 note on Thursday, August 13th. DA Davidson set a $121.00 target price on Axos Financial in a report on Friday, July 31st. Finally, Keefe, Bruyette & Woods boosted their price target on Axos Financial from $105.00 to $110.00 and gave the company a "market perform" rating in a research note on Friday, July 31st. One 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 currently has an average rating of "Moderate Buy" and a consensus 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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