Charles Schwab Investment Management Inc. Sells 237,757 Shares of Capitol Federal Financial, Inc. (NASDAQ:CFFN)

Charles Schwab Investment Management Inc. decreased its holdings in shares of Capitol Federal Financial, Inc. (NASDAQ:CFFN - Free Report) by 12.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). 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. owned approximately 1.26% of Capitol Federal Financial worth $9,771,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in CFFN. AQR Capital Management LLC raised its position in shares of Capitol Federal Financial by 59.9% in the second quarter. AQR Capital Management LLC now owns 1,494,969 shares of the savings and loans company's stock valued at $8,207,000 after purchasing an additional 560,103 shares during the period. Marshall Wace LLP acquired a new position in Capitol Federal Financial in the 2nd quarter valued at about $1,876,000. Renaissance Technologies LLC raised its holdings in Capitol Federal Financial by 4.9% in the 2nd quarter. Renaissance Technologies LLC now owns 4,340,076 shares of the savings and loans company's stock valued at $23,827,000 after acquiring an additional 203,200 shares during the period. Assenagon Asset Management S.A. lifted its position in Capitol Federal Financial by 54.8% during the third quarter. Assenagon Asset Management S.A. now owns 572,011 shares of the savings and loans company's stock worth $3,341,000 after acquiring an additional 202,614 shares during the last quarter. Finally, Millennium Management LLC boosted its holdings in shares of Capitol Federal Financial by 28.1% during the second quarter. Millennium Management LLC now owns 831,779 shares of the savings and loans company's stock worth $4,566,000 after acquiring an additional 182,683 shares during the period. Institutional investors and hedge funds own 88.51% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Piper Sandler increased their target price on Capitol Federal Financial from $6.50 to $7.00 and gave the stock a "neutral" rating in a research note on Thursday, October 24th.

Capitol Federal Financial Stock Performance

Shares of CFFN traded up $0.01 during midday trading on Tuesday, reaching $6.63. 652,245 shares of the stock were exchanged, compared to its average volume of 832,165. The stock's 50 day simple moving average is $6.43 and its 200 day simple moving average is $5.96. The company has a market cap of $880.27 million, a P/E ratio of 22.83 and a beta of 0.48. Capitol Federal Financial, Inc. has a twelve month low of $4.76 and a twelve month high of $7.20. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 2.11.

Capitol Federal Financial (NASDAQ:CFFN - Get Free Report) last issued its quarterly earnings data on Wednesday, October 23rd. The savings and loans company reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.02. Capitol Federal Financial had a net margin of 9.95% and a return on equity of 4.69%. The business had revenue of $101.65 million during the quarter, compared to analysts' expectations of $45.40 million. During the same quarter in the previous year, the company earned $0.04 EPS. On average, sell-side analysts expect that Capitol Federal Financial, Inc. will post 0.45 earnings per share for the current year.

Capitol Federal Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were paid a dividend of $0.085 per share. The ex-dividend date of this dividend was Friday, November 1st. This represents a $0.34 dividend on an annualized basis and a yield of 5.13%. Capitol Federal Financial's dividend payout ratio (DPR) is presently 117.25%.

Insider Activity at Capitol Federal Financial

In other Capitol Federal Financial news, Director James G. Morris bought 15,000 shares of Capitol Federal Financial stock in a transaction on Monday, December 2nd. The shares were purchased at an average price of $6.84 per share, with a total value of $102,600.00. Following the acquisition, the director now owns 85,995 shares in the company, valued at $588,205.80. This trade represents a 21.13 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 2.20% of the stock is owned by insiders.

Capitol Federal Financial Company 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.