Charles Schwab Investment Management Inc. lessened its stake in shares of Kearny Financial Corp. (NASDAQ:KRNY - Free Report) by 17.3% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 708,634 shares of the savings and loans company's stock after selling 147,769 shares during the period. Charles Schwab Investment Management Inc. owned 1.10% of Kearny Financial worth $4,868,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors have also recently made changes to their positions in KRNY. AQR Capital Management LLC raised its stake in Kearny Financial by 101.6% during the second quarter. AQR Capital Management LLC now owns 1,419,996 shares of the savings and loans company's stock valued at $8,733,000 after purchasing an additional 715,500 shares in the last quarter. Millennium Management LLC grew its stake in shares of Kearny Financial by 144.1% in the 2nd quarter. Millennium Management LLC now owns 798,200 shares of the savings and loans company's stock worth $4,909,000 after buying an additional 471,155 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Kearny Financial by 3.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 426,700 shares of the savings and loans company's stock worth $2,624,000 after buying an additional 15,423 shares during the last quarter. American Century Companies Inc. raised its position in shares of Kearny Financial by 2.7% during the 2nd quarter. American Century Companies Inc. now owns 391,352 shares of the savings and loans company's stock valued at $2,407,000 after buying an additional 10,220 shares in the last quarter. Finally, Creative Planning lifted its holdings in shares of Kearny Financial by 46.1% in the 3rd quarter. Creative Planning now owns 191,969 shares of the savings and loans company's stock valued at $1,319,000 after acquiring an additional 60,541 shares during the last quarter. Hedge funds and other institutional investors own 71.01% of the company's stock.
Kearny Financial Trading Down 2.1 %
Shares of Kearny Financial stock traded down $0.17 on Friday, hitting $8.03. 429,039 shares of the company traded hands, compared to its average volume of 417,672. Kearny Financial Corp. has a 52 week low of $5.28 and a 52 week high of $9.46. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.99. The stock's 50 day moving average price is $7.62 and its 200-day moving average price is $6.79. The company has a market cap of $518.58 million, a PE ratio of -5.54 and a beta of 0.80.
Kearny Financial (NASDAQ:KRNY - Get Free Report) last announced its quarterly earnings data on Thursday, October 24th. The savings and loans company reported $0.10 earnings per share for the quarter, hitting analysts' consensus estimates of $0.10. Kearny Financial had a positive return on equity of 3.05% and a negative net margin of 27.43%. The firm had revenue of $87.88 million for the quarter, compared to analyst estimates of $37.70 million. During the same quarter in the prior year, the company posted $0.16 earnings per share.
Kearny Financial Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 20th. Investors of record on Wednesday, November 6th were issued a dividend of $0.11 per share. The ex-dividend date was Wednesday, November 6th. This represents a $0.44 annualized dividend and a yield of 5.48%. Kearny Financial's dividend payout ratio is presently -30.34%.
Analyst Ratings Changes
Separately, StockNews.com upgraded Kearny Financial from a "sell" rating to a "hold" rating in a report on Monday, October 28th.
Read Our Latest Report on KRNY
About Kearny Financial
(
Free Report)
Kearny Financial Corp. operates as the holding company for Kearny Bank that provides various banking products and services in the United States. It offers various deposit products, including interest-bearing and non-interest-bearing checking accounts, money market deposit accounts, savings accounts, and certificates of deposit accounts.
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