SkyOak Wealth LLC Invests $328,000 in Axos Financial, Inc. (NYSE:AX)

SkyOak Wealth LLC bought a new position in Axos Financial, Inc. (NYSE:AX - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 4,694 shares of the company's stock, valued at approximately $328,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Heck Capital Advisors LLC bought a new stake in Axos Financial during the 4th quarter valued at approximately $35,000. R Squared Ltd bought a new position in shares of Axos Financial during the fourth quarter valued at $66,000. KBC Group NV increased its stake in shares of Axos Financial by 53.8% in the fourth quarter. KBC Group NV now owns 2,469 shares of the company's stock valued at $172,000 after buying an additional 864 shares in the last quarter. Exchange Traded Concepts LLC increased its stake in shares of Axos Financial by 5.5% in the fourth quarter. Exchange Traded Concepts LLC now owns 15,621 shares of the company's stock valued at $1,091,000 after buying an additional 820 shares in the last quarter. Finally, Inspire Investing LLC increased its position in Axos Financial by 12.3% in the fourth quarter. Inspire Investing LLC now owns 14,223 shares of the company's stock worth $994,000 after purchasing an additional 1,561 shares during the period. Hedge funds and other institutional investors own 83.79% of the company's stock.

Analysts Set New Price Targets

AX has been the subject of several analyst reports. Raymond James restated an "outperform" rating and set a $80.00 target price (up from $75.00) on shares of Axos Financial in a research report on Wednesday, January 29th. Keefe, Bruyette & Woods dropped their price objective on shares of Axos Financial from $91.00 to $90.00 and set a "market perform" rating on the stock in a report on Wednesday, January 29th. Needham & Company LLC raised their target price on shares of Axos Financial from $85.00 to $88.00 and gave the company a "buy" rating in a research report on Wednesday, January 29th. DA Davidson decreased their target price on shares of Axos Financial from $96.00 to $88.00 and set a "buy" rating for the company in a research report on Thursday, January 30th. Finally, StockNews.com raised shares of Axos Financial from a "sell" rating to a "hold" rating in a research report on Monday, December 9th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Axos Financial currently has an average rating of "Moderate Buy" and an average price target of $84.17.

Insiders Place Their Bets

In other news, Director Edward James Ratinoff sold 4,002 shares of the business's stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $79.41, for a total value of $317,798.82. Following the completion of the transaction, the director now directly owns 46,209 shares in the company, valued at approximately $3,669,456.69. The trade was a 7.97 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 5.07% of the company's stock.

Axos Financial Stock Performance

Shares of AX traded up $0.92 during midday trading on Wednesday, reaching $72.02. The stock had a trading volume of 144,751 shares, compared to its average volume of 426,296. The firm has a 50 day simple moving average of $73.62 and a 200-day simple moving average of $70.33. Axos Financial, Inc. has a one year low of $44.10 and a one year high of $88.46. The firm has a market cap of $4.11 billion, a PE ratio of 9.69 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 (NYSE:AX - Get Free Report) last announced its earnings results on Tuesday, January 28th. The company reported $1.82 EPS for the quarter, topping 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%. As a group, sell-side analysts anticipate that Axos Financial, Inc. will post 7.18 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.