Louisiana State Employees Retirement System Invests $2.14 Million in Axos Financial, Inc $AX

Louisiana State Employees Retirement System bought a new stake in shares of Axos Financial, Inc (NYSE:AX) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund bought 25,100 shares of the company’s stock, valued at approximately $2,136,000.

A number of other institutional investors have also recently bought and sold shares of the business. Eurizon Capital SGR S.p.A. purchased a new position in Axos Financial during the 4th quarter valued at about $26,000. Basepoint Wealth LLC acquired a new stake in Axos Financial in the fourth quarter valued at approximately $28,000. Brown Brothers Harriman & Co. bought a new stake in Axos Financial in the third quarter worth $29,000. EverSource Wealth Advisors LLC boosted its stake in shares of Axos Financial by 294.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 446 shares of the company’s stock worth $34,000 after acquiring an additional 333 shares in the last quarter. Finally, Torren Management LLC bought a new stake in Axos Financial during the fourth quarter worth approximately $36,000. 83.79% of the stock is currently owned by institutional investors and hedge funds.

Axos Financial Price Performance

Axos Financial stock opened at $96.39 on Tuesday. The business’s 50-day simple moving average is $89.73 and its 200 day simple moving average is $90.21. The stock has a market cap of $5.48 billion, a price-to-earnings ratio of 11.71 and a beta of 1.24. Axos Financial, Inc has a 12-month low of $74.89 and a 12-month high of $101.92. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.38.

Axos Financial (NYSE:AX) last announced its quarterly earnings data on Thursday, April 30th. The company reported $1.90 earnings per share for the quarter, missing the consensus estimate of $2.13 by ($0.23). Axos Financial had a return on equity of 16.48% and a net margin of 22.53%.The firm had revenue of $392.25 million for the quarter, compared to the consensus estimate of $372.51 million. During the same period in the prior year, the firm posted $1.81 earnings per share. As a group, research analysts anticipate that Axos Financial, Inc will post 8.38 earnings per share for the current year.

Insider Buying and Selling

In other Axos Financial news, EVP Michael James Watson sold 1,653 shares of the firm’s stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $83.77, for a total value of $138,471.81. Following the transaction, the executive vice president directly owned 4,592 shares of the company’s stock, valued at approximately $384,671.84. This trade represents a 26.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Roque A. Santi sold 500 shares of the company’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of $87.77, for a total transaction of $43,885.00. Following the sale, the director owned 7,646 shares of the company’s stock, valued at $671,089.42. The trade was a 6.14% decrease in their position. The disclosure for this sale is available in the SEC filing. 4.85% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on AX. Raymond James Financial upgraded shares of Axos Financial from an “outperform” rating to a “strong-buy” rating and decreased their price target for the company from $110.00 to $100.00 in a report on Tuesday, April 7th. Zacks Research lowered shares of Axos Financial from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 8th. Weiss Ratings cut Axos Financial from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, May 14th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $110.00 target price on shares of Axos Financial in a research report on Monday, March 16th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Axos Financial presently has an average rating of “Moderate Buy” and an average target price of $109.40.

About Axos Financial

Axos Financial, Inc (NYSE: AX) is a diversified online banking and financial services holding company headquartered in San Diego, California. The firm traces its origins to 1999 with the launch of Bank of Internet USA and rebranded as Axos Financial in December 2018 to reflect an expanded suite of digital offerings. Axos Financial operates through its wholly owned subsidiary, Axos Bank, providing a technology-driven banking platform that serves both retail and commercial clients across the United States.

Through its digital banking platform, Axos Financial delivers a range of deposit products, including checking and savings accounts, money market and certificate of deposit accounts, as well as individual retirement accounts.