State Street Corp Trims Stake in Capitol Federal Financial, Inc. (NASDAQ:CFFN)

State Street Corp lessened its position in shares of Capitol Federal Financial, Inc. (NASDAQ:CFFN) by 4.7% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund 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 about 4.50% of Capitol Federal Financial worth $34,905,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in CFFN. Renaissance Technologies LLC grew its position in shares of Capitol Federal Financial by 4.9% during the second quarter. Renaissance Technologies LLC now owns 4,340,076 shares of the savings and loans company’s stock worth $23,827,000 after acquiring an additional 203,200 shares during the last quarter. AQR Capital Management LLC grew its position in Capitol Federal Financial by 59.9% during the 2nd quarter. AQR Capital Management LLC now owns 1,494,969 shares of the savings and loans company’s stock worth $8,207,000 after purchasing an additional 560,103 shares during the last quarter. Azora Capital LP increased its stake in Capitol Federal Financial by 7.9% in the third quarter. Azora Capital LP now owns 1,465,821 shares of the savings and loans company’s stock valued at $8,560,000 after purchasing an additional 107,826 shares during the period. Millennium Management LLC raised its holdings in shares of Capitol Federal Financial by 28.1% in the second quarter. Millennium Management LLC now owns 831,779 shares of the savings and loans company’s stock valued at $4,566,000 after buying an additional 182,683 shares during the last quarter. Finally, Panagora Asset Management Inc. boosted its stake in shares of Capitol Federal Financial by 7.0% during the second quarter. Panagora Asset Management Inc. now owns 644,737 shares of the savings and loans company’s stock worth $3,540,000 after buying an additional 41,990 shares during the period. Institutional investors and hedge funds own 88.51% of the company’s stock.

Insider Activity

In related news, Director James G. Morris bought 15,000 shares of the company’s stock in a transaction on Monday, December 2nd. The stock was bought at an average cost of $6.84 per share, with a total value of $102,600.00. Following the completion of the acquisition, the director now owns 85,995 shares in the company, valued at approximately $588,205.80. This represents a 21.13 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 2.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler boosted their price target on Capitol Federal Financial from $6.50 to $7.00 and gave the company a “neutral” rating in a research report on Thursday, October 24th.

Capitol Federal Financial Stock Performance

Shares of CFFN opened at $6.01 on Friday. The stock has a market capitalization of $797.97 million, a P/E ratio of 20.72 and a beta of 0.48. The company has a debt-to-equity ratio of 2.11, a quick ratio of 1.31 and a current ratio of 1.31. Capitol Federal Financial, Inc. has a 1 year low of $4.76 and a 1 year high of $7.20. The company’s fifty day moving average is $6.57 and its two-hundred day moving average is $6.02.

Capitol Federal Financial (NASDAQ:CFFN) last issued its quarterly earnings results on Wednesday, October 23rd. The savings and loans company reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.02. The business had revenue of $101.65 million for the quarter, compared to analyst estimates of $45.40 million. Capitol Federal Financial had a net margin of 9.95% and a return on equity of 4.69%. During the same period in the previous year, the business posted $0.04 earnings per share. On average, sell-side analysts predict 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 announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were paid a dividend of $0.085 per share. This represents a $0.34 dividend on an annualized basis and a dividend yield of 5.66%. The ex-dividend date was Friday, November 1st. Capitol Federal Financial’s dividend payout ratio (DPR) is 117.24%.

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.