Vestcor Inc Boosts Holdings in Axos Financial, Inc. (NYSE:AX)

Vestcor Inc grew its position in shares of Axos Financial, Inc. (NYSE:AX) by 274.1% in the fourth quarter, Holdings Channel reports. The institutional investor owned 16,478 shares of the company’s stock after buying an additional 12,073 shares during the period. Vestcor Inc’s holdings in Axos Financial were worth $1,151,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. Wasatch Advisors LP grew its holdings in Axos Financial by 34.0% during the third quarter. Wasatch Advisors LP now owns 1,154,737 shares of the company’s stock worth $72,610,000 after acquiring an additional 292,952 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of Axos Financial during the 4th quarter worth $16,464,000. State Street Corp grew its stake in shares of Axos Financial by 5.5% during the 3rd quarter. State Street Corp now owns 3,178,708 shares of the company’s stock worth $199,877,000 after purchasing an additional 164,997 shares during the period. Assenagon Asset Management S.A. acquired a new stake in shares of Axos Financial in the fourth quarter valued at about $9,849,000. Finally, Geode Capital Management LLC boosted its holdings in Axos Financial by 6.8% during the third quarter. Geode Capital Management LLC now owns 1,444,756 shares of the company’s stock worth $90,861,000 after buying an additional 91,797 shares in the last quarter. Institutional investors and hedge funds own 83.79% of the company’s stock.

Axos Financial Stock Up 3.8 %

Shares of NYSE:AX opened at $63.94 on Friday. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $3.65 billion, a P/E ratio of 8.59 and a beta of 1.45. Axos Financial, Inc. has a 52-week low of $44.10 and a 52-week high of $88.46. The stock’s fifty day simple moving average is $68.63 and its 200-day simple moving average is $70.16.

Axos Financial (NYSE:AX) last released its earnings results on Tuesday, January 28th. The company reported $1.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.75 by $0.07. Axos Financial had a net margin of 22.10% and a return on equity of 18.67%. As a group, equities research analysts forecast that Axos Financial, Inc. will post 7.22 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently issued reports on AX. StockNews.com upgraded shares of Axos Financial from a “sell” rating to a “hold” rating in a research report on Monday, December 9th. DA Davidson reduced their price objective on Axos Financial from $96.00 to $88.00 and set a “buy” rating for the company in a report on Thursday, January 30th. Keefe, Bruyette & Woods lowered their target price on Axos Financial from $91.00 to $90.00 and set a “market perform” rating on the stock in a report on Wednesday, January 29th. Raymond James reaffirmed an “outperform” rating and set a $80.00 price target (up previously from $75.00) on shares of Axos Financial in a research note on Wednesday, January 29th. Finally, Needham & Company LLC increased their price objective on shares of Axos Financial from $85.00 to $88.00 and gave the company a “buy” rating in a research note on Wednesday, January 29th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $84.17.

Insider Activity at Axos Financial

In other Axos Financial news, Director Sara Wardell-Smith acquired 3,000 shares of the stock in a transaction dated Tuesday, March 4th. The stock was acquired at an average price of $64.73 per share, with a total value of $194,190.00. Following the completion of the transaction, the director now directly owns 10,250 shares in the company, valued at approximately $663,482.50. This trade represents a 41.38 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 5.07% of the company’s stock.

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.