State Street Corp Cuts Stock Position in Capitol Federal Financial, Inc. (NASDAQ:CFFN)

State Street Corp lessened its stake in Capitol Federal Financial, Inc. (NASDAQ:CFFN - Free Report) by 4.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,976,852 shares of the savings and loans company's stock after selling 296,540 shares during the quarter. State Street Corp owned approximately 4.50% of Capitol Federal Financial worth $34,905,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. IFS Advisors LLC raised its stake in shares of Capitol Federal Financial by 1,865.5% in the third quarter. IFS Advisors LLC now owns 4,442 shares of the savings and loans company's stock valued at $26,000 after buying an additional 4,216 shares during the period. KBC Group NV raised its stake in Capitol Federal Financial by 59.8% in the 3rd quarter. KBC Group NV now owns 9,256 shares of the savings and loans company's stock valued at $54,000 after acquiring an additional 3,463 shares during the period. Wealthstream Advisors Inc. bought a new stake in Capitol Federal Financial in the 2nd quarter valued at about $55,000. Point72 DIFC Ltd purchased a new stake in Capitol Federal Financial during the third quarter valued at about $66,000. Finally, GAMMA Investing LLC boosted its position in Capitol Federal Financial by 20.7% during the third quarter. GAMMA Investing LLC now owns 11,648 shares of the savings and loans company's stock worth $68,000 after purchasing an additional 1,995 shares during the period. Hedge funds and other institutional investors own 88.51% of the company's stock.

Insider Activity at Capitol Federal Financial

In related news, Director James G. Morris purchased 15,000 shares of the business's stock in a transaction on Monday, December 2nd. The stock was acquired at an average price of $6.84 per share, with a total value of $102,600.00. Following the purchase, 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 legal filing with the Securities & Exchange Commission, which is available through this link. 2.20% of the stock is owned by corporate insiders.

Capitol Federal Financial Price Performance

NASDAQ CFFN traded down $0.01 during trading hours on Friday, hitting $6.01. The company had a trading volume of 3,870,340 shares, compared to its average volume of 845,513. The company has a debt-to-equity ratio of 2.11, a quick ratio of 1.31 and a current ratio of 1.31. The firm has a market capitalization of $797.97 million, a price-to-earnings ratio of 20.72 and a beta of 0.48. Capitol Federal Financial, Inc. has a 52 week low of $4.76 and a 52 week high of $7.20. The firm has a 50 day simple moving average of $6.57 and a 200 day simple moving average of $6.02.

Capitol Federal Financial (NASDAQ:CFFN - Get Free Report) last released its quarterly earnings data on Wednesday, October 23rd. The savings and loans company reported $0.09 EPS for the quarter, beating analysts' consensus estimates 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 company had revenue of $101.65 million during the quarter, compared to analyst estimates of $45.40 million. During the same period last year, the business earned $0.04 earnings per share. Equities research 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 disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were given a $0.085 dividend. The ex-dividend date was Friday, November 1st. This represents a $0.34 dividend on an annualized basis and a dividend yield of 5.66%. Capitol Federal Financial's dividend payout ratio (DPR) is presently 117.24%.

Analysts Set New Price Targets

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

About Capitol Federal Financial

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.