Empowered Funds LLC Raises Stake in Axos Financial, Inc. (NYSE:AX)

Empowered Funds LLC boosted its position in shares of Axos Financial, Inc. (NYSE:AX - Free Report) by 28.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 16,306 shares of the company's stock after acquiring an additional 3,588 shares during the period. Empowered Funds LLC's holdings in Axos Financial were worth $1,139,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. SkyOak Wealth LLC bought a new stake in shares of Axos Financial during the fourth quarter valued at approximately $328,000. Heck Capital Advisors LLC bought a new stake in shares of Axos Financial during the fourth quarter valued at approximately $35,000. R Squared Ltd bought a new stake in shares of Axos Financial during the fourth quarter valued at approximately $66,000. KBC Group NV raised its position in shares of Axos Financial by 53.8% during the fourth quarter. KBC Group NV now owns 2,469 shares of the company's stock valued at $172,000 after buying an additional 864 shares during the last quarter. Finally, Exchange Traded Concepts LLC raised its position in shares of Axos Financial by 5.5% during the fourth quarter. Exchange Traded Concepts LLC now owns 15,621 shares of the company's stock valued at $1,091,000 after buying an additional 820 shares during the last quarter. Institutional investors own 83.79% of the company's stock.

Axos Financial Trading Down 0.3 %

NYSE AX traded down $0.19 on Wednesday, hitting $70.11. 300,777 shares of the stock were exchanged, compared to its average volume of 409,221. 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 fifty day moving average price of $71.40 and a two-hundred day moving average price of $70.17. The firm has a market capitalization of $4.00 billion, a P/E ratio of 9.42 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.

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

Wall Street Analysts Forecast Growth

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

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.