Ieq Capital LLC Acquires New Stake in Axos Financial, Inc. (NYSE:AX)

Ieq Capital LLC purchased a new position in shares of Axos Financial, Inc. (NYSE:AX - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 5,894 shares of the company's stock, valued at approximately $412,000.

Other institutional investors have also recently made changes to their positions in the company. Raymond James & Associates lifted its stake in shares of Axos Financial by 29.7% during the 3rd quarter. Raymond James & Associates now owns 109,964 shares of the company's stock worth $6,915,000 after purchasing an additional 25,158 shares during the last quarter. Louisiana State Employees Retirement System grew its position in shares of Axos Financial by 2.7% in the 3rd quarter. Louisiana State Employees Retirement System now owns 26,200 shares of the company's stock worth $1,647,000 after buying an additional 700 shares during the last quarter. DekaBank Deutsche Girozentrale raised its stake in shares of Axos Financial by 2.0% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 22,226 shares of the company's stock worth $1,376,000 after acquiring an additional 431 shares in the last quarter. State of Alaska Department of Revenue increased its position in shares of Axos Financial by 3.7% during the third quarter. State of Alaska Department of Revenue now owns 30,883 shares of the company's stock worth $1,941,000 after purchasing an additional 1,115 shares in the last quarter. Finally, New York State Teachers Retirement System increased its position in Axos Financial by 0.8% during the 3rd quarter. New York State Teachers Retirement System now owns 42,847 shares of the company's stock valued at $2,694,000 after buying an additional 348 shares in the last quarter. Hedge funds and other institutional investors own 83.79% of the company's stock.

Axos Financial Price Performance

NYSE AX traded down $0.56 during trading hours on Monday, reaching $66.24. The company's stock had a trading volume of 414,419 shares, compared to its average volume of 515,897. The firm has a market capitalization of $3.78 billion, a price-to-earnings ratio of 8.90 and a beta of 1.45. The company's 50-day moving average is $70.10 and its two-hundred day moving average is $70.32. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.09 and a quick ratio of 1.09. Axos Financial, Inc. has a 1-year low of $44.10 and a 1-year high of $88.46.

Axos Financial (NYSE:AX - Get Free Report) last announced its earnings results on Tuesday, January 28th. The company reported $1.82 earnings per share for the quarter, topping 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, equities analysts predict that Axos Financial, Inc. will post 7.22 EPS for the current year.

Analyst Ratings Changes

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

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.