Charles Schwab Investment Management Inc. decreased its position in Capitol Federal Financial, Inc. (NASDAQ:CFFN – Free Report) by 12.4% during the 3rd quarter, Holdings Channel.com reports. The fund owned 1,673,095 shares of the savings and loans company’s stock after selling 237,757 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Capitol Federal Financial were worth $9,771,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CFFN. GAMMA Investing LLC lifted its position in Capitol Federal Financial by 20.7% in the 3rd quarter. GAMMA Investing LLC now owns 11,648 shares of the savings and loans company’s stock valued at $68,000 after acquiring an additional 1,995 shares in the last quarter. Diversified Trust Co raised its stake in shares of Capitol Federal Financial by 10.0% in the 3rd quarter. Diversified Trust Co now owns 26,573 shares of the savings and loans company’s stock valued at $155,000 after purchasing an additional 2,425 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Capitol Federal Financial by 9.0% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 33,215 shares of the savings and loans company’s stock valued at $194,000 after purchasing an additional 2,731 shares in the last quarter. WINTON GROUP Ltd boosted its position in shares of Capitol Federal Financial by 12.6% during the second quarter. WINTON GROUP Ltd now owns 27,172 shares of the savings and loans company’s stock worth $149,000 after buying an additional 3,050 shares during the period. Finally, KBC Group NV grew its holdings in shares of Capitol Federal Financial by 59.8% during the third quarter. KBC Group NV now owns 9,256 shares of the savings and loans company’s stock worth $54,000 after buying an additional 3,463 shares in the last quarter. 88.51% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Separately, Piper Sandler increased their target price on shares of Capitol Federal Financial from $6.50 to $7.00 and gave the stock a “neutral” rating in a report on Thursday, October 24th.
Insider Activity
In other Capitol Federal Financial news, Director James G. Morris bought 15,000 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The shares were acquired at an average cost of $6.84 per share, for a total transaction of $102,600.00. Following the transaction, the director now directly owns 85,995 shares in the company, valued at approximately $588,205.80. This represents a 21.13 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 2.20% of the company’s stock.
Capitol Federal Financial Price Performance
NASDAQ:CFFN opened at $6.62 on Tuesday. The company has a market cap of $878.94 million, a P/E ratio of 22.83 and a beta of 0.48. The firm’s fifty day moving average price is $6.43 and its two-hundred day moving average price is $5.96. Capitol Federal Financial, Inc. has a one year low of $4.76 and a one year high of $7.20. The company has a debt-to-equity ratio of 2.11, a current ratio of 1.31 and a quick ratio of 1.31.
Capitol Federal Financial (NASDAQ:CFFN – Get Free Report) last released its quarterly earnings results on Wednesday, October 23rd. The savings and loans company reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.02. The company had revenue of $101.65 million during the quarter, compared to the consensus estimate of $45.40 million. Capitol Federal Financial had a net margin of 9.95% and a return on equity of 4.69%. During the same period in the previous year, the business earned $0.04 earnings per share. Equities analysts expect that Capitol Federal Financial, Inc. will post 0.45 earnings per share for the current year.
Capitol Federal Financial Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were issued a $0.085 dividend. This represents a $0.34 dividend on an annualized basis and a dividend yield of 5.14%. The ex-dividend date of this dividend was Friday, November 1st. Capitol Federal Financial’s dividend payout ratio is presently 117.25%.
Capitol Federal Financial Profile
Capitol Federal Financial, Inc operates as the holding company for Capitol Federal Savings Bank that provides various retail banking products and services in the United States. The company accepts a range of deposit products, including savings accounts, money market accounts, interest-bearing and non-interest-bearing checking accounts, and certificates of deposit.
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