Edgestream Partners L.P. Sells 55,130 Shares of Axos Financial, Inc. (NYSE:AX)

Edgestream Partners L.P. lowered its stake in Axos Financial, Inc. (NYSE:AX) by 52.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 49,465 shares of the company’s stock after selling 55,130 shares during the quarter. Edgestream Partners L.P. owned approximately 0.09% of Axos Financial worth $3,455,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. JPMorgan Chase & Co. increased its stake in shares of Axos Financial by 12.9% in the third quarter. JPMorgan Chase & Co. now owns 281,658 shares of the company’s stock valued at $17,711,000 after buying an additional 32,095 shares during the period. Loomis Sayles & Co. L P increased its stake in shares of Axos Financial by 9.4% in the third quarter. Loomis Sayles & Co. L P now owns 453,425 shares of the company’s stock valued at $28,512,000 after buying an additional 39,091 shares during the period. Barclays PLC increased its stake in shares of Axos Financial by 32.6% in the third quarter. Barclays PLC now owns 142,715 shares of the company’s stock valued at $8,974,000 after buying an additional 35,087 shares during the period. Principal Financial Group Inc. increased its stake in shares of Axos Financial by 5.4% in the fourth quarter. Principal Financial Group Inc. now owns 337,918 shares of the company’s stock valued at $23,604,000 after buying an additional 17,201 shares during the period. Finally, Assenagon Asset Management S.A. acquired a new position in shares of Axos Financial in the fourth quarter valued at approximately $9,849,000. Institutional investors own 83.79% of the company’s stock.

Axos Financial Price Performance

Shares of NYSE:AX opened at $64.84 on Friday. The stock has a market cap of $3.70 billion, a PE ratio of 8.72 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 stock’s fifty day simple moving average is $69.36 and its two-hundred day simple moving average is $70.32.

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, 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%. As a group, analysts forecast that Axos Financial, Inc. will post 7.22 EPS for the current fiscal year.

Insider Buying and Selling at Axos Financial

In other news, Director Sara Wardell-Smith bought 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 4th. The stock was bought at an average price of $64.73 per share, for a total transaction of $194,190.00. Following the transaction, the director now directly owns 10,250 shares of the company’s stock, valued at $663,482.50. This represents a 41.38 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 5.07% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on AX. StockNews.com raised Axos Financial from a “sell” rating to a “hold” rating in a research note on Monday, December 9th. DA Davidson lowered their price objective on Axos Financial from $96.00 to $88.00 and set a “buy” rating for the company in a research note on Thursday, January 30th. Keefe, Bruyette & Woods decreased their target price on shares of 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. Raymond James reissued an “outperform” rating and set a $80.00 target price (up previously from $75.00) on shares of Axos Financial in a research report on Wednesday, January 29th. Finally, Needham & Company LLC raised their price objective 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. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target 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.