JPMorgan Chase & Co. Raises Holdings in Capitol Federal Financial, Inc. (NASDAQ:CFFN)

JPMorgan Chase & Co. increased its stake in shares of Capitol Federal Financial, Inc. (NASDAQ:CFFN - Free Report) by 24.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,306,936 shares of the savings and loans company's stock after purchasing an additional 253,987 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.98% of Capitol Federal Financial worth $7,724,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Barclays PLC increased its holdings in Capitol Federal Financial by 71.3% in the third quarter. Barclays PLC now owns 271,769 shares of the savings and loans company's stock valued at $1,587,000 after purchasing an additional 113,106 shares during the period. Virtu Financial LLC acquired a new stake in shares of Capitol Federal Financial in the fourth quarter valued at about $116,000. Sei Investments Co. increased its stake in shares of Capitol Federal Financial by 66.3% in the fourth quarter. Sei Investments Co. now owns 168,756 shares of the savings and loans company's stock valued at $997,000 after buying an additional 67,276 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Capitol Federal Financial by 511.4% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 203,065 shares of the savings and loans company's stock worth $1,200,000 after acquiring an additional 169,850 shares during the last quarter. Finally, Proficio Capital Partners LLC acquired a new position in shares of Capitol Federal Financial in the fourth quarter worth approximately $138,000. Institutional investors own 88.51% of the company's stock.

Capitol Federal Financial Stock Up 0.6 %

Shares of NASDAQ CFFN traded up $0.03 during midday trading on Friday, hitting $5.26. 681,620 shares of the stock traded hands, compared to its average volume of 789,029. The company has a debt-to-equity ratio of 2.11, a quick ratio of 1.30 and a current ratio of 1.30. 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 $5.66 and a two-hundred day moving average price of $6.02. The company has a market cap of $698.45 million, a PE ratio of 13.49 and a beta of 0.52.

Capitol Federal Financial (NASDAQ:CFFN - Get Free Report) last released its quarterly earnings data on Wednesday, January 29th. The savings and loans company reported $0.12 earnings per share for the quarter, beating analysts' consensus estimates of $0.11 by $0.01. Capitol Federal Financial had a net margin of 12.67% and a return on equity of 4.96%. On average, equities analysts predict that Capitol Federal Financial, Inc. will post 0.46 EPS for the current year.

Capitol Federal Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were issued a dividend of $0.085 per share. This represents a $0.34 dividend on an annualized basis and a yield of 6.46%. The ex-dividend date was Friday, February 7th. Capitol Federal Financial's dividend payout ratio is currently 87.18%.

Insider Activity

In other news, Director Jeffrey M. Johnson acquired 5,000 shares of the business's stock in a transaction on Friday, January 31st. The shares were purchased at an average cost of $5.97 per share, with a total value of $29,850.00. Following the acquisition, the director now directly owns 102,900 shares of the company's stock, valued at $614,313. The trade was a 5.11 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director James G. Morris bought 15,000 shares of Capitol Federal Financial stock in a transaction dated Wednesday, March 26th. The stock was purchased at an average price of $5.66 per share, with a total value of $84,900.00. Following the purchase, the director now owns 100,995 shares in the company, valued at approximately $571,631.70. This represents a 17.44 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased 40,000 shares of company stock worth $229,850 over the last 90 days. 3.20% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler cut their price target on Capitol Federal Financial from $7.00 to $6.50 and set a "neutral" rating on the stock in a report on Thursday, January 30th.

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.