Axos Financial, Inc $AX Shares Sold by Edgestream Partners L.P.

Edgestream Partners L.P. lessened its holdings in shares of Axos Financial, Inc (NYSE:AX) by 91.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,835 shares of the company’s stock after selling 138,295 shares during the period. Edgestream Partners L.P.’s holdings in Axos Financial were worth $1,092,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Amundi purchased a new position in Axos Financial in the 1st quarter worth approximately $259,000. EverSource Wealth Advisors LLC grew its position in shares of Axos Financial by 42.8% in the first quarter. EverSource Wealth Advisors LLC now owns 767 shares of the company’s stock valued at $65,000 after purchasing an additional 230 shares in the last quarter. California State Teachers Retirement System grew its position in shares of Axos Financial by 22.2% in the first quarter. California State Teachers Retirement System now owns 62,401 shares of the company’s stock valued at $5,310,000 after purchasing an additional 11,346 shares in the last quarter. Empowered Funds LLC increased its holdings in shares of Axos Financial by 74.7% in the first quarter. Empowered Funds LLC now owns 216,366 shares of the company’s stock valued at $18,411,000 after purchasing an additional 92,487 shares during the last quarter. Finally, Quantinno Capital Management LP increased its holdings in shares of Axos Financial by 236.5% in the first quarter. Quantinno Capital Management LP now owns 56,525 shares of the company’s stock valued at $4,810,000 after purchasing an additional 39,729 shares during the last quarter. Institutional investors and hedge funds own 83.79% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on AX shares. Weiss Ratings upgraded Axos Financial from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, July 1st. DA Davidson set a $121.00 target price on Axos Financial in a report on Friday. Zacks Research downgraded Axos Financial from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 8th. Needham & Company LLC lifted their price target on Axos Financial from $110.00 to $128.00 and gave the stock a “buy” rating in a report on Friday. Finally, Raymond James Financial raised shares of Axos Financial from an “outperform” rating to a “strong-buy” rating and lowered their price target for the company from $110.00 to $100.00 in a research report on Tuesday, April 7th. Two research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, Axos Financial presently has a consensus rating of “Buy” and a consensus target price of $114.83.

Insider Buying and Selling at Axos Financial

In related news, Director Roque A. Santi sold 500 shares of the stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $87.77, for a total transaction of $43,885.00. Following the transaction, the director owned 7,646 shares of the company’s stock, valued at approximately $671,089.42. This represents a 6.14% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Michael James Watson sold 1,653 shares of the stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $83.77, for a total value of $138,471.81. Following the transaction, the executive vice president directly owned 4,592 shares in the company, valued at approximately $384,671.84. The trade was a 26.47% decrease in their position. The disclosure for this sale is available in the SEC filing. 4.85% of the stock is currently owned by insiders.

Axos Financial Stock Up 2.1%

NYSE:AX opened at $103.58 on Tuesday. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.24. The stock’s fifty day moving average is $93.75 and its two-hundred day moving average is $91.94. Axos Financial, Inc has a 52 week low of $74.89 and a 52 week high of $105.20. The stock has a market capitalization of $5.89 billion, a price-to-earnings ratio of 12.23 and a beta of 1.22.

About Axos Financial

Axos Financial, Inc (NYSE: AX) is a diversified online banking and financial services holding company headquartered in San Diego, California. The firm traces its origins to 1999 with the launch of Bank of Internet USA and rebranded as Axos Financial in December 2018 to reflect an expanded suite of digital offerings. Axos Financial operates through its wholly owned subsidiary, Axos Bank, providing a technology-driven banking platform that serves both retail and commercial clients across the United States.

Through its digital banking platform, Axos Financial delivers a range of deposit products, including checking and savings accounts, money market and certificate of deposit accounts, as well as individual retirement accounts.