Edgestream Partners L.P. Trims Position in Axos Financial, Inc. (NYSE:AX)

Edgestream Partners L.P. trimmed its position in Axos Financial, Inc. (NYSE:AX) by 52.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 49,465 shares of the company’s stock after selling 55,130 shares during the period. Edgestream Partners L.P.’s holdings in Axos Financial were worth $3,455,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in AX. Wasatch Advisors LP grew its stake in Axos Financial by 34.0% in the third quarter. Wasatch Advisors LP now owns 1,154,737 shares of the company’s stock worth $72,610,000 after purchasing an additional 292,952 shares during the period. Raymond James Financial Inc. purchased a new stake in Axos Financial in the fourth quarter worth $16,464,000. State Street Corp grew its stake in Axos Financial by 5.5% in 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. purchased a new stake in Axos Financial in the fourth quarter worth $9,849,000. Finally, Geode Capital Management LLC grew its stake in Axos Financial by 6.8% in the third quarter. Geode Capital Management LLC now owns 1,444,756 shares of the company’s stock worth $90,861,000 after purchasing an additional 91,797 shares during the period. 83.79% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Axos Financial news, Director Sara Wardell-Smith purchased 3,000 shares of the stock in a transaction dated Tuesday, March 4th. The shares were purchased at an average cost of $64.73 per share, with a total value of $194,190.00. Following the completion of the acquisition, the director now directly owns 10,250 shares in the company, valued at $663,482.50. This trade represents a 41.38 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 5.07% of the company’s stock.

Axos Financial Trading Up 1.9 %

NYSE AX opened at $64.84 on Friday. The stock has a market cap of $3.70 billion, a P/E ratio of 8.72 and a beta of 1.45. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.20. Axos Financial, Inc. has a 12 month low of $44.10 and a 12 month high of $88.46. The stock’s fifty day moving average price is $69.36 and its 200-day moving average price is $70.32.

Axos Financial (NYSE:AX) last announced its quarterly earnings results on Tuesday, January 28th. The company reported $1.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.75 by $0.07. Axos Financial had a return on equity of 18.67% and a net margin of 22.10%. As a group, equities 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 recently weighed in on the company. DA Davidson reduced their price target on Axos Financial from $96.00 to $88.00 and set a “buy” rating on the stock in a research note on Thursday, January 30th. Needham & Company LLC increased their target price on Axos Financial from $85.00 to $88.00 and gave the stock a “buy” rating in a research note on Wednesday, January 29th. Keefe, Bruyette & Woods cut their target price on Axos Financial from $91.00 to $90.00 and set a “market perform” rating on the stock in a research note on Wednesday, January 29th. Raymond James reissued an “outperform” rating and issued a $80.00 target price (up from $75.00) on shares of Axos Financial in a research note on Wednesday, January 29th. Finally, StockNews.com raised Axos Financial from a “sell” rating to a “hold” rating in a research note on Monday, December 9th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target 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.