Assenagon Asset Management S.A. Sells 549,849 Shares of Capitol Federal Financial, Inc. (NASDAQ:CFFN)

Assenagon Asset Management S.A. cut its position in Capitol Federal Financial, Inc. (NASDAQ:CFFN) by 96.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,162 shares of the savings and loans company’s stock after selling 549,849 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Capitol Federal Financial were worth $131,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of CFFN. IFS Advisors LLC increased its position 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 acquiring an additional 4,216 shares during the period. KBC Group NV lifted its stake in shares of 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 purchasing an additional 3,463 shares during the period. Point72 DIFC Ltd bought a new stake in shares of Capitol Federal Financial during the third quarter valued at approximately $66,000. EP Wealth Advisors LLC purchased a new stake in Capitol Federal Financial in the third quarter worth $66,000. Finally, GAMMA Investing LLC raised its holdings in Capitol Federal Financial by 20.7% in 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 in the last quarter. 88.51% of the stock is owned by institutional investors.

Insider Activity

In related news, Director James G. Morris bought 15,000 shares of the stock in a transaction dated Monday, December 2nd. The shares were purchased at an average price 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 of the company’s stock, valued at $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 the SEC website. Insiders own 3.20% of the company’s stock.

Analysts Set New Price Targets

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

Capitol Federal Financial Stock Performance

Capitol Federal Financial stock opened at $5.65 on Friday. Capitol Federal Financial, Inc. has a twelve month low of $4.76 and a twelve month high of $7.20. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 2.11. The company has a market capitalization of $750.15 million, a P/E ratio of 19.48 and a beta of 0.51. The stock’s 50 day moving average is $6.20 and its 200 day moving average is $6.11.

Capitol Federal Financial (NASDAQ:CFFN) last posted its earnings results on Wednesday, October 23rd. The savings and loans company reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.02. The business had revenue of $101.65 million during the quarter, compared to analyst estimates 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 quarter last year, the company earned $0.04 EPS. On average, equities research analysts predict that Capitol Federal Financial, Inc. will post 0.45 earnings per share for the current fiscal year.

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.