Axos Financial, Inc. (NYSE:AX) Shares Purchased by State of Tennessee Department of Treasury

State of Tennessee Department of Treasury raised its position in shares of Axos Financial, Inc. (NYSE:AX - Free Report) by 79.6% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 23,889 shares of the company's stock after buying an additional 10,586 shares during the quarter. State of Tennessee Department of Treasury's holdings in Axos Financial were worth $1,669,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of AX. Vanguard Group Inc. raised its stake in Axos Financial by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 6,129,602 shares of the company's stock valued at $428,153,000 after buying an additional 49,695 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of Axos Financial by 9.6% during the fourth quarter. American Century Companies Inc. now owns 1,874,779 shares of the company's stock valued at $130,953,000 after acquiring an additional 163,952 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Axos Financial by 3.0% in the 4th quarter. Geode Capital Management LLC now owns 1,488,259 shares of the company's stock valued at $103,975,000 after purchasing an additional 43,503 shares during the last quarter. Invesco Ltd. boosted its stake in Axos Financial by 7.0% in the 4th quarter. Invesco Ltd. now owns 484,561 shares of the company's stock worth $33,847,000 after purchasing an additional 31,530 shares in the last quarter. Finally, Boston Partners purchased a new stake in Axos Financial during the 4th quarter worth approximately $29,918,000. 83.79% of the stock is currently owned by institutional investors.

Axos Financial Stock Performance

Shares of NYSE AX traded up $1.82 during trading on Friday, reaching $67.32. 414,245 shares of the company traded hands, compared to its average volume of 523,771. The stock has a market cap of $3.80 billion, a P/E ratio of 9.05 and a beta of 1.25. The firm's fifty day simple moving average is $62.56 and its 200 day simple moving average is $69.54. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.20. Axos Financial, Inc. has a 12-month low of $44.10 and a 12-month high of $88.46.

Axos Financial (NYSE:AX - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The company reported $1.81 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.74 by $0.07. The company had revenue of $432.72 million during the quarter, compared to the consensus estimate of $305.04 million. Axos Financial had a return on equity of 18.67% and a net margin of 22.10%. During the same period in the previous year, the company posted $1.91 earnings per share. As a group, research analysts anticipate that Axos Financial, Inc. will post 7.22 earnings per share for the current fiscal year.

Analyst Ratings Changes

AX has been the subject of a number of research analyst reports. Needham & Company LLC reaffirmed a "buy" rating and issued a $88.00 price target on shares of Axos Financial in a report on Thursday. Keefe, Bruyette & Woods reduced 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. DA Davidson dropped their price target on Axos Financial from $88.00 to $84.00 and set a "buy" rating on the stock in a research note on Thursday. Raymond James reissued an "outperform" rating and issued a $72.00 price objective (down from $80.00) on shares of Axos Financial in a report on Friday. Finally, Piper Sandler decreased their target price on Axos Financial from $84.00 to $80.00 and set an "overweight" rating for the company in a report on Thursday. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $81.50.

Insider Buying and Selling

In other Axos Financial news, Director Sara Wardell-Smith purchased 3,000 shares of the stock in a transaction on Tuesday, March 4th. The shares were bought at an average price 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 of the company's stock, valued at $663,482.50. This trade represents a 41.38 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. 5.07% of the stock is currently owned by insiders.

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.