Vestcor Inc Increases Position in Axos Financial, Inc. (NYSE:AX)

Vestcor Inc grew its position in shares of Axos Financial, Inc. (NYSE:AX) by 274.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,478 shares of the company’s stock after purchasing 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 SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Swiss National Bank lifted its stake in Axos Financial by 0.7% during the 4th quarter. Swiss National Bank now owns 106,400 shares of the company’s stock worth $7,432,000 after acquiring an additional 700 shares in the last quarter. HighTower Advisors LLC lifted its position in shares of Axos Financial by 220.2% during the fourth quarter. HighTower Advisors LLC now owns 13,348 shares of the company’s stock worth $932,000 after purchasing an additional 9,180 shares in the last quarter. Moran Wealth Management LLC purchased a new position in shares of Axos Financial in the fourth quarter valued at approximately $387,000. Ashton Thomas Private Wealth LLC acquired a new position in shares of Axos Financial in the fourth quarter valued at approximately $226,000. Finally, Raymond James Financial Inc. purchased a new stake in Axos Financial during the 4th quarter worth approximately $16,464,000. 83.79% of the stock is currently owned by hedge funds and other institutional investors.

Axos Financial Stock Up 3.8 %

Axos Financial stock opened at $63.94 on Friday. The company has a market capitalization of $3.65 billion, a P/E ratio of 8.59 and a beta of 1.45. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.09 and a current ratio of 1.09. Axos Financial, Inc. has a fifty-two week low of $44.10 and a fifty-two week high of $88.46. The stock has a 50-day simple moving average of $68.63 and a 200-day simple moving average of $70.16.

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

Wall Street Analysts Forecast Growth

Several equities analysts have commented on AX shares. DA Davidson decreased their price target on shares of Axos Financial from $96.00 to $88.00 and set a “buy” rating for the company in a research report on Thursday, January 30th. StockNews.com raised shares of Axos Financial from a “sell” rating to a “hold” rating in a research report on Monday, December 9th. Raymond James reissued an “outperform” rating and issued a $80.00 target price (up previously from $75.00) on shares of Axos Financial in a report on Wednesday, January 29th. Keefe, Bruyette & Woods lowered their price objective on Axos Financial from $91.00 to $90.00 and set a “market perform” rating for the company in a research report on Wednesday, January 29th. Finally, Needham & Company LLC boosted their target price on Axos Financial from $85.00 to $88.00 and gave the stock a “buy” rating in a research note on Wednesday, January 29th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $84.17.

Insider Activity at Axos Financial

In related news, Director Sara Wardell-Smith purchased 3,000 shares of the stock in a transaction that occurred on Tuesday, March 4th. The shares were purchased at an average price of $64.73 per share, with a total value of $194,190.00. Following the completion of the acquisition, the director now directly owns 10,250 shares in the company, valued at $663,482.50. This represents a 41.38 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 5.07% of the stock is owned by 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.