Van ECK Associates Corp Takes Position in Axos Financial, Inc. (NYSE:AX)

Van ECK Associates Corp acquired a new position in shares of Axos Financial, Inc. (NYSE:AX) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 47,951 shares of the company’s stock, valued at approximately $3,349,000. Van ECK Associates Corp owned about 0.08% of Axos Financial at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Wasatch Advisors LP increased its holdings in shares of Axos Financial by 34.0% during the 3rd quarter. Wasatch Advisors LP now owns 1,154,737 shares of the company’s stock worth $72,610,000 after acquiring an additional 292,952 shares during the last quarter. State Street Corp boosted its position in Axos Financial by 5.5% during the third quarter. State Street Corp now owns 3,178,708 shares of the company’s stock worth $199,877,000 after purchasing an additional 164,997 shares during the period. Assenagon Asset Management S.A. acquired a new position in shares of Axos Financial in the fourth quarter valued at $9,849,000. Geode Capital Management LLC increased its holdings in shares of Axos Financial by 6.8% in the third quarter. Geode Capital Management LLC now owns 1,444,756 shares of the company’s stock valued at $90,861,000 after purchasing an additional 91,797 shares during the last quarter. Finally, Principal Financial Group Inc. raised its position in shares of Axos Financial by 27.9% in the third quarter. Principal Financial Group Inc. now owns 320,717 shares of the company’s stock valued at $20,167,000 after purchasing an additional 70,017 shares during the period. 83.79% of the stock is owned by institutional investors.

Axos Financial Stock Down 0.3 %

NYSE AX opened at $70.11 on Thursday. The company has a market cap of $4.00 billion, a price-to-earnings ratio of 9.42 and a beta of 1.45. Axos Financial, Inc. has a 1-year low of $44.10 and a 1-year high of $88.46. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.20. The company has a 50 day moving average of $71.40 and a 200-day moving average of $70.17.

Axos Financial (NYSE:AX) last announced its quarterly earnings data on Tuesday, January 28th. The company reported $1.82 earnings per share 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, equities research analysts expect that Axos Financial, Inc. will post 7.22 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Needham & Company LLC lifted their target price on shares of Axos Financial from $85.00 to $88.00 and gave the stock a “buy” rating in a report on Wednesday, January 29th. 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 report on Wednesday, January 29th. Raymond James reiterated an “outperform” rating and set a $80.00 target price (up previously from $75.00) on shares of Axos Financial in a research note on Wednesday, January 29th. StockNews.com raised 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 Axos Financial from $96.00 to $88.00 and set a “buy” rating on the stock in a report on Thursday, January 30th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $84.17.

About Axos Financial

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.