Edgestream Partners L.P. Buys 5,682 Shares of Axos Financial, Inc (NYSE:AX)

Edgestream Partners L.P. lifted its stake in shares of Axos Financial, Inc (NYSE:AX - Free Report) by 11.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 55,147 shares of the company's stock after purchasing an additional 5,682 shares during the quarter. Edgestream Partners L.P. owned 0.10% of Axos Financial worth $3,558,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC boosted its position in Axos Financial by 94.8% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 8,017 shares of the company's stock worth $517,000 after buying an additional 3,901 shares during the period. NewEdge Advisors LLC boosted its position in Axos Financial by 1,700.0% during the 4th quarter. NewEdge Advisors LLC now owns 900 shares of the company's stock worth $63,000 after buying an additional 850 shares during the period. GAMMA Investing LLC boosted its position in Axos Financial by 39.2% during the 1st quarter. GAMMA Investing LLC now owns 1,834 shares of the company's stock worth $118,000 after buying an additional 516 shares during the period. Swiss National Bank boosted its position in Axos Financial by 0.7% during the 4th quarter. Swiss National Bank now owns 106,400 shares of the company's stock worth $7,432,000 after buying an additional 700 shares during the period. Finally, O Shaughnessy Asset Management LLC acquired a new position in shares of Axos Financial in the 4th quarter worth approximately $223,000. 83.79% of the stock is owned by institutional investors.

Analysts Set New Price Targets

AX has been the topic of a number of recent analyst reports. Needham & Company LLC boosted their price target on shares of Axos Financial from $88.00 to $92.00 and gave the stock a "buy" rating in a research report on Wednesday, July 2nd. DA Davidson lowered their price objective on shares of Axos Financial from $88.00 to $84.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. Keefe, Bruyette & Woods lifted their price objective on shares of Axos Financial from $85.00 to $90.00 and gave the company a "market perform" rating in a research note on Friday, July 11th. Jefferies Financial Group assumed coverage on shares of Axos Financial in a research note on Wednesday, May 21st. They set a "buy" rating and a $90.00 price target for the company. Finally, Raymond James Financial boosted their price target on shares of Axos Financial from $72.00 to $90.00 and gave the company an "outperform" rating in a research note on Tuesday, July 8th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $85.86.

Insider Buying and Selling at Axos Financial

In related news, Director Paul Grinberg sold 30,000 shares of the business's stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $68.09, for a total value of $2,042,700.00. Following the transaction, the director directly owned 113,295 shares of the company's stock, valued at approximately $7,714,256.55. The trade was a 20.94% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 5.07% of the company's stock.

Axos Financial Stock Up 3.0%

Shares of NYSE AX traded up $2.50 during trading on Thursday, hitting $85.77. The stock had a trading volume of 466,585 shares, compared to its average volume of 462,223. Axos Financial, Inc has a 12 month low of $54.46 and a 12 month high of $88.46. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.09 and a quick ratio of 1.09. The company has a market capitalization of $4.83 billion, a PE ratio of 11.68 and a beta of 1.29. The firm has a fifty day moving average of $74.85 and a two-hundred day moving average of $69.08.

Axos Financial (NYSE:AX - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The company reported $1.81 earnings per share for the quarter, topping analysts' consensus estimates of $1.74 by $0.07. The company had revenue of $432.72 million for the quarter, compared to the consensus estimate of $305.04 million. Axos Financial had a net margin of 21.93% and a return on equity of 17.58%. During the same period in the previous year, the firm earned $1.91 EPS. As a group, equities research analysts forecast that Axos Financial, Inc will post 7.22 EPS for the current fiscal year.

Axos Financial announced that its board has approved a stock buyback plan on Monday, May 12th that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the company to repurchase up to 2.5% of its shares through open market purchases. Shares buyback plans are usually an indication that the company's leadership believes its shares are undervalued.

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.