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

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Axos Financial, Inc (NYSE:AX) during the second quarter, Holdings Channel.com reports. The fund acquired 13,155 shares of the company’s stock, valued at approximately $1,281,000.

Other hedge funds have also recently made changes to their positions in the company. California State Teachers Retirement System raised its holdings in shares of Axos Financial by 8,982.1% in the 2nd quarter. California State Teachers Retirement System now owns 5,667,319 shares of the company’s stock worth $551,940,000 after acquiring an additional 5,604,918 shares during the last quarter. Two Sigma Securities LLC acquired a new position in Axos Financial during the 2nd quarter valued at about $280,000. Hsbc Holdings PLC increased its holdings in Axos Financial by 227.4% during the 2nd quarter. Hsbc Holdings PLC now owns 10,018 shares of the company’s stock worth $970,000 after purchasing an additional 6,958 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in Axos Financial during the 2nd quarter worth approximately $4,353,000. Finally, Empowered Funds LLC purchased a new stake in shares of Axos Financial in the second quarter worth approximately $24,453,000. 83.79% of the stock is currently owned by institutional investors and hedge funds.

Axos Financial Price Performance

Axos Financial stock opened at $93.23 on Friday. Axos Financial, Inc has a 52 week low of $74.89 and a 52 week high of $105.74. The company’s 50 day moving average price is $98.17 and its two-hundred day moving average price is $92.40. The stock 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 quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.35.

Axos Financial (NYSE:AX) last released its earnings results on Thursday, July 30th. The company reported $2.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.16 by $0.37. The company had revenue of $379.77 million during 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 period in the prior year, the company posted $1.94 earnings per share. On average, equities analysts predict that Axos Financial, Inc will post 9.59 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on AX. DA Davidson set a $121.00 target price on Axos Financial in a report on Friday, July 31st. Needham & Company LLC upped their price target on Axos Financial from $110.00 to $128.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Keefe, Bruyette & Woods raised their price objective 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. Benchmark lifted their price objective on shares of Axos Financial from $115.00 to $120.00 and gave the stock a “buy” rating in a report on Thursday, August 13th. Finally, Weiss Ratings raised shares of Axos Financial from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, July 1st. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, Axos Financial currently has an average rating of “Moderate Buy” and a consensus target price of $115.67.

Insiders Place Their Bets

In other Axos Financial news, Director Roque Santi sold 500 shares of the business’s stock in a transaction 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 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 4.85% of the company’s stock.

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.