Principal Financial Group Inc. Lowers Holdings in Capitol Federal Financial, Inc. (NASDAQ:CFFN)

Principal Financial Group Inc. lowered its holdings in Capitol Federal Financial, Inc. (NASDAQ:CFFN) by 5.4% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 575,802 shares of the savings and loans company’s stock after selling 33,175 shares during the quarter. Principal Financial Group Inc.’s holdings in Capitol Federal Financial were worth $3,363,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of CFFN. AQR Capital Management LLC boosted its position in shares of 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 period. Marshall Wace LLP acquired a new position in Capitol Federal Financial during the second quarter worth $1,876,000. Renaissance Technologies LLC boosted 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 buying an additional 203,200 shares during the period. Assenagon Asset Management S.A. raised its holdings in shares of Capitol Federal Financial by 54.8% in the 3rd quarter. Assenagon Asset Management S.A. now owns 572,011 shares of the savings and loans company’s stock valued at $3,341,000 after buying an additional 202,614 shares during the period. Finally, Millennium Management LLC raised its holdings in shares of Capitol Federal Financial by 28.1% in the 2nd 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 period. Institutional investors and hedge funds own 88.51% of the company’s stock.

Capitol Federal Financial Price Performance

Capitol Federal Financial stock opened at $5.89 on Friday. 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, Inc. has a 52-week low of $4.76 and a 52-week high of $7.20. The firm has a market cap of $782.04 million, a PE ratio of 20.31 and a beta of 0.51. The company’s 50 day moving average is $6.50 and its two-hundred day moving average is $6.08.

Capitol Federal Financial (NASDAQ:CFFN) last announced its quarterly earnings data on Wednesday, October 23rd. The savings and loans company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.02. Capitol Federal Financial had a return on equity of 4.69% and a net margin of 9.95%. The business had revenue of $101.65 million for the quarter, compared to analysts’ expectations of $45.40 million. During the same period last year, the firm earned $0.04 earnings per share. On average, research analysts expect that Capitol Federal Financial, Inc. will post 0.45 EPS for the current fiscal year.

Capitol Federal Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were issued a $0.085 dividend. The ex-dividend date of this dividend was Friday, November 1st. This represents a $0.34 annualized dividend and a yield of 5.77%. Capitol Federal Financial’s dividend payout ratio (DPR) is 117.24%.

Insider Activity at Capitol Federal Financial

In other news, Director James G. Morris bought 15,000 shares of the stock in a transaction that occurred on Monday, December 2nd. The stock was purchased at an average price of $6.84 per share, for a total transaction of $102,600.00. Following the completion of the purchase, the director now owns 85,995 shares in the company, valued at approximately $588,205.80. This trade represents a 21.13 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.20% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler lifted their target price 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.

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.