Commonwealth of Pennsylvania Public School Empls Retrmt SYS Has $2.09 Million Holdings in Axos Financial, Inc. (NYSE:AX)

Posted by Defense World Staff on Aug 18th, 2023

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lessened its holdings in Axos Financial, Inc. (NYSE:AX – Free Report) by 1.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 56,542 shares of the company’s stock after selling 607 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned 0.10% of Axos Financial worth $2,088,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Moisand Fitzgerald Tamayo LLC acquired a new stake in shares of Axos Financial in the 1st quarter valued at $25,000. State of Wyoming lifted its stake in shares of Axos Financial by 50.0% in the 4th quarter. State of Wyoming now owns 1,131 shares of the company’s stock valued at $43,000 after purchasing an additional 377 shares during the last quarter. Tobam lifted its stake in shares of Axos Financial by 362.4% in the 1st quarter. Tobam now owns 1,845 shares of the company’s stock valued at $68,000 after purchasing an additional 1,446 shares during the last quarter. IFP Advisors Inc raised its holdings in Axos Financial by 10.8% in the 4th quarter. IFP Advisors Inc now owns 2,720 shares of the company’s stock worth $114,000 after acquiring an additional 265 shares during the period. Finally, National Bank of Canada FI raised its holdings in Axos Financial by 29.5% in the 1st quarter. National Bank of Canada FI now owns 2,852 shares of the company’s stock worth $105,000 after acquiring an additional 649 shares during the period. Institutional investors and hedge funds own 78.42% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on the stock. StockNews.com assumed coverage on shares of Axos Financial in a report on Thursday. They issued a “hold” rating on the stock. Raymond James lifted their target price on shares of Axos Financial from $47.00 to $55.00 and gave the stock an “outperform” rating in a report on Monday, July 31st. Piper Sandler lifted their target price on shares of Axos Financial from $48.00 to $63.00 in a report on Friday, July 28th. Finally, Wedbush lifted their target price on shares of Axos Financial from $42.00 to $49.00 in a report on Friday, July 28th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $54.60.

Get Our Latest Report on AX

Insider Transactions at Axos Financial

In related news, EVP Andrew J. Micheletti sold 6,000 shares of the company’s stock in a transaction dated Tuesday, June 13th. The shares were sold at an average price of $41.29, for a total value of $247,740.00. Following the sale, the executive vice president now owns 503,689 shares of the company’s stock, valued at $20,797,318.81. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, EVP Andrew J. Micheletti sold 6,000 shares of the company’s stock in a transaction dated Tuesday, June 13th. The shares were sold at an average price of $41.29, for a total value of $247,740.00. Following the sale, the executive vice president now owns 503,689 shares of the company’s stock, valued at $20,797,318.81. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Gregory Garrabrants sold 85,312 shares of the company’s stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $45.36, for a total transaction of $3,869,752.32. Following the completion of the sale, the chief executive officer now directly owns 1,435,979 shares in the company, valued at approximately $65,136,007.44. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 131,312 shares of company stock worth $5,938,692. 4.81% of the stock is currently owned by company insiders.

Axos Financial Stock Performance

NYSE:AX opened at $40.59 on Friday. The firm’s 50-day moving average is $42.44 and its 200-day moving average is $40.07. Axos Financial, Inc. has a 52-week low of $33.15 and a 52-week high of $51.46. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.08 and a current ratio of 1.08. The company has a market cap of $2.41 billion, a price-to-earnings ratio of 7.96 and a beta of 1.47.

Axos Financial (NYSE:AX – Get Free Report) last posted its quarterly earnings data on Thursday, July 27th. The company reported $1.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.27 by $0.23. Axos Financial had a net margin of 24.04% and a return on equity of 18.00%. The company had revenue of $236.46 million for the quarter, compared to the consensus estimate of $227.98 million. Equities research analysts anticipate that Axos Financial, Inc. will post 5.28 earnings per share for the current year.

Axos Financial Profile

(Free Report)

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.