SG Americas Securities LLC Has $325,000 Stake in WaFd, Inc (NASDAQ:WAFD)

SG Americas Securities LLC grew its stake in shares of WaFd, Inc (NASDAQ:WAFD) by 81.2% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 10,091 shares of the bank’s stock after buying an additional 4,522 shares during the period. SG Americas Securities LLC’s holdings in WaFd were worth $325,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. Charles Schwab Investment Management Inc. increased its stake in WaFd by 7.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,225,248 shares of the bank’s stock valued at $42,700,000 after acquiring an additional 84,155 shares during the period. Citigroup Inc. grew its holdings in shares of WaFd by 11.9% during the 3rd quarter. Citigroup Inc. now owns 186,174 shares of the bank’s stock worth $6,488,000 after purchasing an additional 19,751 shares in the last quarter. Barclays PLC increased its position in shares of WaFd by 33.3% during the third quarter. Barclays PLC now owns 161,958 shares of the bank’s stock valued at $5,643,000 after purchasing an additional 40,499 shares during the period. Franklin Resources Inc. raised its stake in shares of WaFd by 6.7% in the third quarter. Franklin Resources Inc. now owns 26,463 shares of the bank’s stock valued at $954,000 after purchasing an additional 1,669 shares in the last quarter. Finally, Oliver Luxxe Assets LLC acquired a new position in shares of WaFd in the third quarter valued at $1,823,000. Institutional investors and hedge funds own 83.71% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Piper Sandler lowered their price target on shares of WaFd from $37.00 to $31.00 and set a “neutral” rating on the stock in a report on Tuesday, January 21st. DA Davidson upped their target price on shares of WaFd from $39.00 to $41.00 and gave the company a “buy” rating in a research note on Monday, October 21st. Keefe, Bruyette & Woods cut their price target on shares of WaFd from $42.00 to $34.00 and set a “market perform” rating for the company in a research note on Tuesday, January 21st. Stephens reaffirmed an “equal weight” rating and set a $38.00 price objective on shares of WaFd in a report on Friday, January 17th. Finally, StockNews.com raised WaFd from a “sell” rating to a “hold” rating in a report on Tuesday, November 12th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $36.00.

WaFd Trading Up 3.1 %

Shares of WaFd stock opened at $30.37 on Wednesday. The stock has a market capitalization of $2.47 billion, a P/E ratio of 14.00 and a beta of 0.85. WaFd, Inc has a 12-month low of $25.78 and a 12-month high of $38.62. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.21. The company has a 50-day simple moving average of $32.67 and a 200 day simple moving average of $34.33.

WaFd Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Friday, November 22nd were paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.42%. The ex-dividend date was Friday, November 22nd. WaFd’s dividend payout ratio (DPR) is currently 47.93%.

WaFd Profile

WaFd, Inc operates as the bank holding company for Washington Federal Bank that provides lending, depository, insurance, and other banking services in the United States. The company offers deposit products, including business and personal checking accounts, and term certificates of deposit, as well as money market accounts and passbook savings accounts.