The Texas Permanent School Fund gained shares of Axos Financial, Inc. (NYSE:AX – GET Rating) up 1.6% in the first quarter, according to its recent Form 13F filing with the SEC. The institutional investor held 37,966 shares of the company after selling 629 shares during the period. The Texas Permanent School Fund owns 0.06% of Exos Financial’s $1,761,000, according to the most recent SEC filing.
Other institutional investors and hedge funds have also changed their positions in the company. Pembroke Management Ltd increased its stake in Exos Financial by 1.9% in the first quarter. After purchasing an additional 9,258 shares in the previous quarter, Pembroke Management Ltd now owns 499,350 shares of the company, valued at $23,165,000. Aigen Investment Management LP acquired a new stake in Exos Financial for approximately $410,000 during the first quarter. The New York State Common Retirement Fund increased its holding in Exos Financial by 4.0% during the first quarter. After purchasing an additional 2,828 shares in the previous quarter, the New York State Common Retirement Fund now holds 73,900 shares worth $3,428,000 in the company. Ziegler Capital Management LLC acquired a new interest in Exos Financial for approximately $275,000 during the first quarter. Finally, Victory Capital Management Inc. increased its stake in Exos Financial to 38.3% during the first quarter. After purchasing an additional 5,360 shares in the previous quarter, Victory Capital Management Inc. holds 19,373 shares of the company’s stock for $734,000. Institutional investors hold 77.12 percent of the company’s shares.
Insider buying and selling at Exos Financial
In other Exos Financial news, Director Paul Grinberg sold 2,985 shares of Exos Financial in a transaction on Monday, August. The shares sold at an average price of $41.04 for a total value of $122,504.40. Following the sale, the Director now directly owns 59,749 shares of the Company, valued at approximately $2,452,098.96. The sale was disclosed in a legal filing with the SEC, available at this hyperlink. In other Exos Financial news, Director Paul Grinberg sold 2,985 shares of Exos Financial in a transaction on Monday, August. The shares sold at an average price of $41.04 for a total value of $122,504.40. Following the sale, the Director now directly owns 59,749 shares of the Company, valued at approximately $2,452,098.96. The sale was disclosed in a legal filing with the SEC, available at this hyperlink. In addition, EVP Thomas M. Constantine sold 4,331 shares of Exos Financial in a transaction on Tuesday, August 9th. The shares sold at an average price of $42.84 for a total transaction of $185,540.04. Following the completion of the sale, the Executive Vice President now owns 14,245 shares of the Company, valued at $610,255.80. The disclosure of this sale can be found here. 4.73% of the shares are currently owned by insiders.
Exos Financial stock is up 1.9%
AX shares opened at $45.92 on Friday. The company has a market cap of $2.74 billion, a price-to-earnings ratio of 12.15 and a beta of 1.46. Exos Financial, Inc. One year low of $34.11 and one year high of $62.44. The company’s 50-day moving average price is $38.44 and its 200-day moving average price is $42.91. The company has a gearing ratio of 0.55, a current ratio of 1.09 and a quick ratio of 1.09.
Exos Financial (NYSE: AX – GET RATINGS) last released its quarterly earnings data on Thursday, August. The company reported $0.96 per share for the quarter, not missing the consensus estimate of $0.99 ($0.03). Company revenue for the quarter was $192.50 million compared to the consensus estimate of $179.34 million. Exos Financial had a net margin of 31.52% and a return on equity of 16.50%. The company’s revenue for the quarter rose 21.5% year over year. In the same quarter last year, the company generated earnings per share of $0.92. Selling analysts expect Axos Financial, Inc. to post 4.09 EPS for the current fiscal year.
Wall Street analysts are weighing
Several equity analysts have recently issued reports on AX stocks. Keefe, Bruett and Woods upgraded Exos Financial’s shares from a “market performance” rating to an “outperform” rating and raised their price target on the stock to $56.00 from $52.00 in a report Monday, the 11th of July. Wedbush downgraded Exos Financial shares from an Outperform rating to a Neutral rating and set a price target of $40.00 for the stock. In a report on Thursday, June 30, DA Davidson increased its target price on shares of Axos Financial to $53.00 in a report on Tuesday. B. Riley lowered its target price on Exos Financial shares to $49.00 from $58.00 in a research note on Monday, July 11. Finally, Piper Sandler lowered his price target on shares of Exos Financial from $62.00 to $50.00 in a research note on Friday, April 29.
About Exos Financial
Exos Financial, Inc., together with its subsidiaries, provides consumer and business banking products throughout the United States. It operates in the banking and securities business segments. The Company offers deposit products including consumer and business checks, demand, savings, time deposit, money market, zero balance and insured cash sweep accounts.
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