State Street Corp Acquires 164,997 Shares of Axos Financial, Inc. (NYSE:AX)

State Street Corp lifted its holdings in shares of Axos Financial, Inc. (NYSE:AX) by 5.5% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 3,178,708 shares of the company’s stock after purchasing an additional 164,997 shares during the period. State Street Corp owned 5.57% of Axos Financial worth $199,877,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Kathleen S. Wright Associates Inc. bought a new stake in shares of Axos Financial during the third quarter worth approximately $27,000. Hollencrest Capital Management acquired a new stake in Axos Financial during the 2nd quarter worth $25,000. Farther Finance Advisors LLC raised its position in shares of Axos Financial by 881.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 648 shares of the company’s stock valued at $41,000 after acquiring an additional 582 shares during the last quarter. Ashton Thomas Securities LLC acquired a new position in shares of Axos Financial in the 3rd quarter valued at $41,000. Finally, 1620 Investment Advisors Inc. bought a new position in shares of Axos Financial in the 2nd quarter worth $49,000. 83.79% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Axos Financial news, Director Edward James Ratinoff sold 4,002 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $79.41, for a total value of $317,798.82. Following the completion of the transaction, the director now directly owns 46,209 shares in the company, valued at $3,669,456.69. This trade represents a 7.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Gregory Garrabrants sold 125,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $81.89, for a total value of $10,236,250.00. Following the transaction, the chief executive officer now directly owns 1,340,377 shares in the company, valued at $109,763,472.53. This trade represents a 8.53 % decrease in their position. The disclosure for this sale can be found here. 5.07% of the stock is owned by corporate insiders.

Axos Financial Price Performance

AX stock opened at $79.43 on Friday. The stock has a 50-day moving average price of $73.92 and a two-hundred day moving average price of $66.32. Axos Financial, Inc. has a 1 year low of $44.10 and a 1 year high of $88.46. The stock has a market cap of $4.53 billion, a PE ratio of 9.62 and a beta of 1.42. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.17.

Axos Financial (NYSE:AX) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $1.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.80 by $0.16. The business had revenue of $512.87 million during the quarter, compared to the consensus estimate of $299.59 million. Axos Financial had a return on equity of 18.99% and a net margin of 24.07%. During the same period last year, the company earned $1.41 earnings per share. Equities analysts forecast that Axos Financial, Inc. will post 7.07 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have commented on AX. Keefe, Bruyette & Woods upped their target price on shares of Axos Financial from $74.00 to $91.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. Needham & Company LLC upped their price objective on shares of Axos Financial from $82.00 to $85.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. StockNews.com raised Axos Financial from a “sell” rating to a “hold” rating in a research note on Monday. Finally, Wedbush dropped their price target on Axos Financial from $80.00 to $75.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 24th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $83.20.

Axos Financial Company 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.