Public Sector Pension Investment Board Grows Stock Holdings in Axos Financial, Inc. (NYSE:AX)

Public Sector Pension Investment Board grew its holdings in shares of Axos Financial, Inc. (NYSE:AX – Get Rating) by 1.1% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 109,056 shares of the company’s stock after purchasing an additional 1,180 shares during the period. Public Sector Pension Investment Board owned approximately 0.18% of Axos Financial worth $6,097,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in AX. FMR LLC purchased a new position in shares of Axos Financial during the first quarter valued at approximately $1,387,000. First Trust Advisors LP purchased a new position in shares of Axos Financial during the first quarter valued at approximately $1,255,000. Morgan Stanley raised its holdings in Axos Financial by 49.6% in the 2nd quarter. Morgan Stanley now owns 314,358 shares of the company’s stock worth $14,584,000 after acquiring an additional 104,264 shares during the last quarter. Advisor Group Holdings Inc. raised its holdings in Axos Financial by 18.4% in the 3rd quarter. Advisor Group Holdings Inc. now owns 12,859 shares of the company’s stock worth $662,000 after acquiring an additional 1,999 shares during the last quarter. Finally, Barclays PLC raised its holdings in Axos Financial by 61.3% in the 3rd quarter. Barclays PLC now owns 44,607 shares of the company’s stock worth $2,298,000 after acquiring an additional 16,946 shares during the last quarter. Hedge funds and other institutional investors own 77.12% of the company’s stock.

NYSE:AX opened at $38.68 on Friday. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.55. Axos Financial, Inc. has a 12 month low of $34.11 and a 12 month high of $62.44. The company has a market cap of $2.31 billion, a PE ratio of 10.23 and a beta of 1.46. The company has a 50 day simple moving average of $40.66 and a two-hundred day simple moving average of $50.14.

Axos Financial (NYSE:AX – Get Rating) last posted its earnings results on Thursday, April 28th. The company reported $1.05 EPS for the quarter, topping analysts’ consensus estimates of $0.99 by $0.06. Axos Financial had a net margin of 31.52% and a return on equity of 16.50%. The business had revenue of $178.31 million during the quarter, compared to the consensus estimate of $176.90 million. During the same quarter in the previous year, the firm posted $0.92 EPS. Research analysts forecast that Axos Financial, Inc. will post 4.09 earnings per share for the current year.

In other news, EVP Thomas M. Constantine sold 1,421 shares of the firm’s stock in a transaction dated Wednesday, March 2nd. The stock was sold at an average price of $54.18, for a total value of $76,989.78. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Brian D. Swanson sold 3,699 shares of the firm’s stock in a transaction dated Wednesday, March 9th. The stock was sold at an average price of $48.90, for a total value of $180,881.10. The disclosure for this sale can be found here. Insiders own 4.73% of the company’s stock.

A number of brokerages recently weighed in on AX. Zacks Investment Research lowered shares of Axos Financial from a “buy” rating to a “hold” rating in a report on Monday, April 11th. Piper Sandler decreased their price objective on shares of Axos Financial from $62.00 to $50.00 in a report on Friday, April 29th. Finally, B. Riley decreased their price objective on shares of Axos Financial from $62.00 to $58.00 in a report on Tuesday, April 12th.

About Axos Financial (Get Rating)

Axos Financial, Inc, together with its subsidiaries, provides consumer and business banking products in the United States. It operates through Banking Business and Securities Business segments. The company offers deposits products, including consumer and business checking, demand, savings, time deposit, money market, zero balance, and insured cash sweep accounts.

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