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

Vestcor Inc boosted its position in Axos Financial, Inc. (NYSE:AX - Free Report) by 274.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,478 shares of the company's stock after acquiring an additional 12,073 shares during the quarter. Vestcor Inc's holdings in Axos Financial were worth $1,151,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Hancock Whitney Corp increased its stake in Axos Financial by 1.3% in the third quarter. Hancock Whitney Corp now owns 10,931 shares of the company's stock valued at $687,000 after acquiring an additional 142 shares during the last quarter. Crossmark Global Holdings Inc. grew its stake in shares of Axos Financial by 4.4% during the third quarter. Crossmark Global Holdings Inc. now owns 3,836 shares of the company's stock valued at $241,000 after buying an additional 162 shares during the last quarter. Illinois Municipal Retirement Fund grew its stake in shares of Axos Financial by 0.7% during the fourth quarter. Illinois Municipal Retirement Fund now owns 29,916 shares of the company's stock valued at $2,090,000 after buying an additional 196 shares during the last quarter. Versor Investments LP grew its stake in shares of Axos Financial by 5.3% during the fourth quarter. Versor Investments LP now owns 4,000 shares of the company's stock valued at $279,000 after buying an additional 200 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd grew its stake in shares of Axos Financial by 2.0% during the fourth quarter. Y Intercept Hong Kong Ltd now owns 13,567 shares of the company's stock valued at $948,000 after buying an additional 266 shares during the last quarter. Institutional investors own 83.79% of the company's stock.

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Insider Buying and Selling at Axos Financial

In other news, Director Sara Wardell-Smith acquired 3,000 shares of the business's stock in a transaction on Tuesday, March 4th. The shares were acquired at an average cost of $64.73 per share, with a total value of $194,190.00. Following the transaction, the director now owns 10,250 shares in the company, valued at $663,482.50. The trade was a 41.38 % increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 5.07% of the company's stock.

Analyst Upgrades and Downgrades

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

Axos Financial Trading Up 1.3 %

Shares of NYSE AX traded up $0.82 during trading hours on Wednesday, hitting $64.23. The company's stock had a trading volume of 433,994 shares, compared to its average volume of 422,536. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.09 and a current ratio of 1.09. The stock has a market cap of $3.67 billion, a price-to-earnings ratio of 8.63 and a beta of 1.45. Axos Financial, Inc. has a 12 month low of $44.10 and a 12 month high of $88.46. The business has a 50-day simple moving average of $68.37 and a 200-day simple moving average of $70.09.

Axos Financial (NYSE:AX - Get Free Report) last posted its quarterly earnings data on Tuesday, January 28th. The company reported $1.82 earnings per share for the quarter, beating the consensus estimate of $1.75 by $0.07. Axos Financial had a return on equity of 18.67% and a net margin of 22.10%. On average, analysts anticipate that Axos Financial, Inc. will post 7.22 earnings per share for the current fiscal year.

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.