Charles Schwab Investment Management Inc. decreased its position in shares of Capitol Federal Financial, Inc. (NASDAQ:CFFN - Free Report) by 14.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,439,205 shares of the savings and loans company's stock after selling 233,890 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.08% of Capitol Federal Financial worth $8,506,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also made changes to their positions in CFFN. Fidelis Capital Partners LLC purchased a new position in Capitol Federal Financial during the 4th quarter valued at $74,000. Jones Financial Companies Lllp increased its stake in Capitol Federal Financial by 78.6% in the 4th quarter. Jones Financial Companies Lllp now owns 20,637 shares of the savings and loans company's stock worth $122,000 after buying an additional 9,080 shares during the period. Smartleaf Asset Management LLC lifted its holdings in Capitol Federal Financial by 131.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 7,197 shares of the savings and loans company's stock valued at $43,000 after buying an additional 4,093 shares in the last quarter. Versor Investments LP purchased a new stake in Capitol Federal Financial in the 4th quarter valued at about $87,000. Finally, Proficio Capital Partners LLC bought a new position in Capitol Federal Financial in the 4th quarter worth about $138,000. Hedge funds and other institutional investors own 88.51% of the company's stock.
Insider Buying and Selling
In other news, Director James G. Morris purchased 15,000 shares of the business's stock in a transaction on Wednesday, March 26th. The shares were acquired at an average cost of $5.66 per share, with a total value of $84,900.00. Following the completion of the acquisition, the director now owns 100,995 shares of the company's stock, valued at $571,631.70. This trade represents a 17.44 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Jeffrey M. Johnson acquired 5,000 shares of the firm's stock in a transaction dated Friday, January 31st. The shares were acquired at an average price of $5.97 per share, with a total value of $29,850.00. Following the acquisition, the director now owns 102,900 shares in the company, valued at approximately $614,313. The trade was a 5.11 % increase in their position. The disclosure for this purchase can be found here. Insiders purchased 30,000 shares of company stock worth $173,550 in the last three months. 3.20% of the stock is owned by insiders.
Wall Street Analysts Forecast Growth
Separately, Piper Sandler lowered their price target on Capitol Federal Financial from $7.00 to $6.50 and set a "neutral" rating for the company in a report on Thursday, January 30th.
Read Our Latest Report on CFFN
Capitol Federal Financial Stock Up 1.8 %
Shares of CFFN stock traded up $0.10 on Thursday, hitting $5.75. The stock had a trading volume of 647,575 shares, compared to its average volume of 734,182. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 2.11. Capitol Federal Financial, Inc. has a one year low of $4.76 and a one year high of $7.20. The business has a 50 day moving average price of $5.86 and a 200 day moving average price of $6.09. The company has a market cap of $763.52 million, a PE ratio of 14.74 and a beta of 0.49.
Capitol Federal Financial (NASDAQ:CFFN - Get Free Report) last announced its quarterly earnings results on Wednesday, January 29th. The savings and loans company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.01. Capitol Federal Financial had a net margin of 12.67% and a return on equity of 4.96%. Research analysts anticipate that Capitol Federal Financial, Inc. will post 0.46 earnings per share for the current fiscal year.
Capitol Federal Financial Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were given a $0.085 dividend. This represents a $0.34 annualized dividend and a dividend yield of 5.91%. The ex-dividend date of this dividend was Friday, February 7th. Capitol Federal Financial's payout ratio is 87.18%.
Capitol Federal Financial Company Profile
(
Free Report)
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.
Further Reading
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