Illinois Municipal Retirement Fund Has $1.50 Million Position in Axos Financial, Inc. (NYSE:AX)

Illinois Municipal Retirement Fund cut its holdings in Axos Financial, Inc. (NYSE:AX) by 11.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 27,483 shares of the company’s stock after selling 3,487 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Axos Financial were worth $1,501,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. American Century Companies Inc. increased its stake in shares of Axos Financial by 152.8% in the 3rd quarter. American Century Companies Inc. now owns 1,395,715 shares of the company’s stock valued at $52,842,000 after acquiring an additional 843,606 shares during the last quarter. Brandywine Global Investment Management LLC increased its stake in Axos Financial by 251.9% in the third quarter. Brandywine Global Investment Management LLC now owns 182,352 shares of the company’s stock valued at $6,904,000 after purchasing an additional 130,529 shares in the last quarter. EJF Capital LLC increased its stake in Axos Financial by 232.5% in the third quarter. EJF Capital LLC now owns 111,763 shares of the company’s stock valued at $4,231,000 after purchasing an additional 78,155 shares in the last quarter. Davis Asset Management L.P. raised its holdings in Axos Financial by 5.3% in the third quarter. Davis Asset Management L.P. now owns 1,500,000 shares of the company’s stock worth $56,790,000 after purchasing an additional 75,000 shares during the period. Finally, Ameriprise Financial Inc. boosted its position in shares of Axos Financial by 5.7% during the third quarter. Ameriprise Financial Inc. now owns 1,376,615 shares of the company’s stock worth $52,119,000 after purchasing an additional 74,649 shares in the last quarter. Institutional investors and hedge funds own 83.79% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on AX shares. Wedbush raised their price objective on Axos Financial from $59.00 to $62.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 31st. StockNews.com upgraded Axos Financial from a “sell” rating to a “hold” rating in a report on Monday, February 5th. Finally, Raymond James lifted their price objective on Axos Financial from $45.00 to $62.00 and gave the company an “outperform” rating in a report on Wednesday, January 31st.

Axos Financial Stock Up 0.2 %

Shares of AX stock opened at $53.05 on Friday. The company has a market capitalization of $3.02 billion, a price-to-earnings ratio of 7.82 and a beta of 1.44. Axos Financial, Inc. has a 12-month low of $32.05 and a 12-month high of $60.00. The firm has a fifty day moving average of $51.43 and a 200-day moving average of $48.10. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.24.

Axos Financial (NYSE:AX) last released its earnings results on Tuesday, January 30th. The company reported $1.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.39 by $0.21. Axos Financial had a return on equity of 17.83% and a net margin of 24.55%. The firm had revenue of $352.74 million during the quarter, compared to analysts’ expectations of $247.43 million. During the same quarter in the prior year, the company earned $1.38 EPS. The company’s revenue was up 54.5% on a year-over-year basis. As a group, equities research analysts predict that Axos Financial, Inc. will post 6.45 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, EVP Andrew J. Micheletti sold 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $52.89, for a total transaction of $132,225.00. Following the completion of the transaction, the executive vice president now directly owns 422,583 shares of the company’s stock, valued at approximately $22,350,414.87. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Sara Wardell-Smith bought 5,000 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The shares were acquired at an average price of $49.75 per share, for a total transaction of $248,750.00. Following the completion of the acquisition, the director now owns 5,000 shares of the company’s stock, valued at approximately $248,750. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Andrew J. Micheletti sold 2,500 shares of the stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $52.89, for a total value of $132,225.00. Following the transaction, the executive vice president now directly owns 422,583 shares of the company’s stock, valued at $22,350,414.87. The disclosure for this sale can be found here. 4.82% of the stock is owned by corporate 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.