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

Edgestream Partners L.P. lowered its holdings in Axos Financial, Inc. (NYSE:AX - Free Report) by 52.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 49,465 shares of the company's stock after selling 55,130 shares during the period. Edgestream Partners L.P. owned approximately 0.09% of Axos Financial worth $3,455,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of AX. State Street Corp raised 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 valued at $199,877,000 after purchasing an additional 164,997 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Axos Financial by 6.8% during the 3rd quarter. Geode Capital Management LLC now owns 1,444,756 shares of the company's stock valued at $90,861,000 after buying an additional 91,797 shares in the last quarter. Wasatch Advisors LP lifted 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. Geneva Capital Management LLC lifted its holdings in shares of Axos Financial by 0.3% during the 3rd quarter. Geneva Capital Management LLC now owns 708,520 shares of the company's stock worth $44,552,000 after acquiring an additional 1,976 shares during the last quarter. Finally, Loomis Sayles & Co. L P grew its position in Axos Financial by 9.4% in the third quarter. Loomis Sayles & Co. L P now owns 453,425 shares of the company's stock worth $28,512,000 after acquiring an additional 39,091 shares in the last quarter. Institutional investors own 83.79% of the company's stock.

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Insider Activity

In other Axos Financial news, Director Sara Wardell-Smith bought 3,000 shares of Axos Financial 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 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 ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 5.07% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on AX shares. DA Davidson dropped their price target 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 reduced their price target on shares of Axos Financial from $91.00 to $90.00 and set a "market perform" rating on the stock in a research report on Wednesday, January 29th. Needham & Company LLC boosted their price objective 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. StockNews.com raised shares of Axos Financial from a "sell" rating to a "hold" rating in a research note on Monday, December 9th. Finally, Raymond James reiterated an "outperform" rating and issued a $80.00 target price (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 assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $84.17.

Axos Financial Trading Up 0.2 %

NYSE:AX traded up $0.13 during midday trading on Wednesday, reaching $62.49. 455,738 shares of the stock traded hands, compared to its average volume of 513,216. The stock has a market capitalization of $3.57 billion, a P/E ratio of 8.40 and a beta of 1.45. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.09 and a current ratio of 1.09. The company has a fifty day moving average of $69.06 and a 200 day moving average of $70.30. Axos Financial, Inc. has a 12 month low of $44.10 and a 12 month high of $88.46.

Axos Financial (NYSE:AX - Get Free Report) last issued its quarterly earnings data on Tuesday, January 28th. The company reported $1.82 EPS for the quarter, beating the consensus estimate of $1.75 by $0.07. Axos Financial had a net margin of 22.10% and a return on equity of 18.67%. On average, research analysts predict that Axos Financial, Inc. will post 7.22 EPS for the current year.

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.