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

JPMorgan Chase & Co. increased its stake in Capitol Federal Financial, Inc. (NASDAQ:CFFN) by 52.5% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,052,949 shares of the savings and loans company’s stock after purchasing an additional 362,291 shares during the quarter. JPMorgan Chase & Co. owned 0.79% of Capitol Federal Financial worth $6,149,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Choreo LLC acquired a new stake in shares of Capitol Federal Financial during the 2nd quarter valued at approximately $111,000. Texas Permanent School Fund Corp raised its holdings in Capitol Federal Financial by 20.3% during the second quarter. Texas Permanent School Fund Corp now owns 129,948 shares of the savings and loans company’s stock worth $713,000 after purchasing an additional 21,921 shares during the last quarter. WINTON GROUP Ltd boosted its position in Capitol Federal Financial by 12.6% during the second quarter. WINTON GROUP Ltd now owns 27,172 shares of the savings and loans company’s stock worth $149,000 after purchasing an additional 3,050 shares in the last quarter. Renaissance Technologies LLC grew its holdings in Capitol Federal Financial by 4.9% in the second quarter. Renaissance Technologies LLC now owns 4,340,076 shares of the savings and loans company’s stock valued at $23,827,000 after purchasing an additional 203,200 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC grew its holdings in Capitol Federal Financial by 75.7% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 23,162 shares of the savings and loans company’s stock valued at $127,000 after purchasing an additional 9,976 shares during the last quarter. Institutional investors and hedge funds own 88.51% of the company’s stock.

Insider Activity

In other Capitol Federal Financial news, Director James G. Morris bought 15,000 shares of Capitol Federal Financial stock in a transaction that occurred on Monday, December 2nd. The shares were purchased at an average cost of $6.84 per share, for a total transaction of $102,600.00. Following the completion of the transaction, the director now owns 85,995 shares of the company’s stock, valued at $588,205.80. This represents a 21.13 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 3.20% of the company’s stock.

Capitol Federal Financial Price Performance

CFFN stock opened at $5.74 on Thursday. The stock’s 50 day moving average price is $6.40 and its 200 day moving average price is $6.10. The firm has a market cap of $762.12 million, a P/E ratio of 19.79 and a beta of 0.51. 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.

Capitol Federal Financial (NASDAQ:CFFN) last issued 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. The business had revenue of $101.65 million for the quarter, compared to the consensus estimate of $45.40 million. Capitol Federal Financial had a return on equity of 4.69% and a net margin of 9.95%. During the same period in the prior year, the business earned $0.04 earnings per share. On average, sell-side analysts expect that Capitol Federal Financial, Inc. will post 0.45 earnings per share for the current fiscal year.

Capitol Federal Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were issued a dividend of $0.085 per share. The ex-dividend date was Friday, November 1st. This represents a $0.34 dividend on an annualized basis and a dividend yield of 5.92%. Capitol Federal Financial’s dividend payout ratio (DPR) is presently 117.24%.

Analyst Upgrades and Downgrades

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

Capitol Federal Financial 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.