State of Alaska Department of Revenue Boosts Stock Holdings in Axos Financial, Inc $AX

State of Alaska Department of Revenue raised its holdings in shares of Axos Financial, Inc (NYSE:AX) by 22.9% in the 4th quarter, Holdings Channel.com reports. The firm owned 37,686 shares of the company’s stock after buying an additional 7,017 shares during the quarter. State of Alaska Department of Revenue’s holdings in Axos Financial were worth $3,245,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of AX. Flagship Harbor Advisors LLC purchased a new stake in Axos Financial in the 4th quarter valued at about $48,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its position in Axos Financial by 16.9% during the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 3,760 shares of the company’s stock worth $324,000 after acquiring an additional 543 shares during the period. Victory Financial Group LLC acquired a new stake in shares of Axos Financial in the fourth quarter valued at about $314,000. Allspring Global Investments Holdings LLC raised its position in shares of Axos Financial by 21.5% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 313,216 shares of the company’s stock valued at $27,369,000 after buying an additional 55,373 shares during the last quarter. Finally, Waldron Private Wealth LLC acquired a new stake in Axos Financial during the fourth quarter worth about $214,000. Institutional investors own 83.79% of the company’s stock.

Insider Buying and Selling at Axos Financial

In other Axos Financial news, EVP Derrick Walsh sold 4,846 shares of the firm’s stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $101.21, for a total transaction of $490,463.66. Following the completion of the sale, the executive vice president directly owned 37,936 shares in the company, valued at approximately $3,839,502.56. This trade represents a 11.33% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director James John Court sold 11,163 shares of Axos Financial stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $101.01, for a total value of $1,127,574.63. Following the sale, the director owned 32,169 shares of the company’s stock, valued at approximately $3,249,390.69. This represents a 25.76% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 59,303 shares of company stock valued at $5,908,474. 4.85% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

AX has been the subject of several recent research reports. Needham & Company LLC reissued a “buy” rating and issued a $110.00 price objective on shares of Axos Financial in a research note on Monday, March 16th. Raymond James Financial raised shares of Axos Financial from an “outperform” rating to a “strong-buy” rating and dropped their price objective for the company from $110.00 to $100.00 in a research note on Tuesday, April 7th. Weiss Ratings restated a “buy (b)” rating on shares of Axos Financial in a research report on Monday, December 29th. Zacks Research lowered shares of Axos Financial from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 8th. Finally, DA Davidson boosted their price objective on shares of Axos Financial from $107.50 to $112.00 and gave the stock a “buy” rating in a research report on Friday, January 30th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Axos Financial has an average rating of “Moderate Buy” and an average price target of $104.50.

Axos Financial Stock Performance

Shares of AX opened at $94.68 on Friday. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.08 and a quick ratio of 1.08. The stock has a market capitalization of $5.37 billion, a PE ratio of 12.00 and a beta of 1.26. Axos Financial, Inc has a 12-month low of $58.52 and a 12-month high of $101.92. The business’s fifty day moving average price is $89.94 and its 200 day moving average price is $87.09.

Axos Financial (NYSE:AX) last posted its earnings results on Thursday, January 29th. The company reported $2.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.07 by $0.18. The company had revenue of $385.09 million for the quarter, compared to analysts’ expectations of $345.89 million. Axos Financial had a return on equity of 16.98% and a net margin of 22.66%.The firm’s quarterly revenue was up 25.1% compared to the same quarter last year. During the same period last year, the business posted $1.82 earnings per share. Equities research analysts forecast that Axos Financial, Inc will post 7.22 EPS for the current year.

Axos Financial Company Profile

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.