47,951 Shares in Axos Financial, Inc. (NYSE:AX) Acquired by Van ECK Associates Corp

Van ECK Associates Corp bought a new position in Axos Financial, Inc. (NYSE:AX - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 47,951 shares of the company's stock, valued at approximately $3,349,000. Van ECK Associates Corp owned 0.08% of Axos Financial as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Heck Capital Advisors LLC acquired a new stake in Axos Financial during the fourth quarter valued at $35,000. Farther Finance Advisors LLC boosted its position in Axos Financial by 881.8% during the third quarter. Farther Finance Advisors LLC now owns 648 shares of the company's stock valued at $41,000 after purchasing an additional 582 shares during the last quarter. Ashton Thomas Securities LLC acquired a new stake in Axos Financial during the third quarter valued at $41,000. R Squared Ltd acquired a new stake in Axos Financial during the fourth quarter valued at $66,000. Finally, US Bancorp DE boosted its position in Axos Financial by 325.2% during the third quarter. US Bancorp DE now owns 1,029 shares of the company's stock valued at $65,000 after purchasing an additional 787 shares during the last quarter. Institutional investors and hedge funds own 83.79% of the company's stock.

Analyst Ratings Changes

A number of research firms recently issued reports on AX. Keefe, Bruyette & Woods reduced 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. Needham & Company LLC lifted their price objective on Axos Financial from $85.00 to $88.00 and gave the company a "buy" rating in a research report on Wednesday, January 29th. DA Davidson reduced their price target on 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 Axos Financial from a "sell" rating to a "hold" rating in a research report on Monday, December 9th. Finally, Raymond James reaffirmed 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. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $84.17.

Axos Financial Stock Performance

Shares of NYSE AX traded down $2.19 during trading hours on Friday, hitting $66.02. 399,814 shares of the company's stock were exchanged, compared to its average volume of 389,019. Axos Financial, Inc. has a 1-year low of $44.10 and a 1-year high of $88.46. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.09 and a quick ratio of 1.09. The stock has a market capitalization of $3.77 billion, a price-to-earnings ratio of 8.87 and a beta of 1.45. The company's 50-day moving average price is $70.91 and its 200-day moving average price is $70.16.

Axos Financial (NYSE:AX - Get Free Report) last issued its quarterly earnings results on Tuesday, January 28th. The company reported $1.82 earnings per share (EPS) 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, sell-side analysts expect 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.