WaFd, Inc (NASDAQ:WAFD) Shares Bought by Principal Financial Group Inc.

Principal Financial Group Inc. raised its holdings in WaFd, Inc (NASDAQ:WAFDFree Report) by 4.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 447,621 shares of the bank’s stock after purchasing an additional 19,117 shares during the period. Principal Financial Group Inc. owned about 0.55% of WaFd worth $14,431,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in WAFD. Blue Trust Inc. boosted its stake in WaFd by 80.8% during the third quarter. Blue Trust Inc. now owns 1,188 shares of the bank’s stock worth $41,000 after buying an additional 531 shares during the last quarter. Louisiana State Employees Retirement System boosted its position in shares of WaFd by 15.6% during the 3rd quarter. Louisiana State Employees Retirement System now owns 39,300 shares of the bank’s stock worth $1,370,000 after acquiring an additional 5,300 shares in the last quarter. DekaBank Deutsche Girozentrale acquired a new position in shares of WaFd during the 3rd quarter worth about $250,000. State of Alaska Department of Revenue boosted its position in shares of WaFd by 16.8% during the 3rd quarter. State of Alaska Department of Revenue now owns 46,347 shares of the bank’s stock worth $1,615,000 after acquiring an additional 6,672 shares in the last quarter. Finally, Roubaix Capital LLC acquired a new stake in shares of WaFd in the 3rd quarter valued at about $3,281,000. 83.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on WAFD shares. Piper Sandler decreased their target price on WaFd from $37.00 to $31.00 and set a “neutral” rating for the company in a research report on Tuesday, January 21st. Stephens reissued an “equal weight” rating and set a $38.00 target price on shares of WaFd in a research note on Friday, January 17th. Keefe, Bruyette & Woods cut their target price on WaFd from $42.00 to $34.00 and set a “market perform” rating for the company in a research note on Tuesday, January 21st. DA Davidson downgraded WaFd from a “buy” rating to a “neutral” rating and cut their target price for the stock from $35.00 to $32.00 in a research note on Thursday, February 6th. Finally, StockNews.com downgraded WaFd from a “hold” rating to a “sell” rating in a research note on Tuesday. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $33.75.

Check Out Our Latest Stock Analysis on WaFd

WaFd Stock Performance

NASDAQ WAFD opened at $29.33 on Thursday. WaFd, Inc has a 1-year low of $25.78 and a 1-year high of $38.62. The company has a market capitalization of $2.39 billion, a P/E ratio of 13.52 and a beta of 0.85. The business has a 50 day moving average price of $30.87 and a 200 day moving average price of $33.87. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.04 and a quick ratio of 1.04.

WaFd Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 7th. Shareholders of record on Friday, February 21st will be issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 3.68%. The ex-dividend date is Friday, February 21st. This is a boost from WaFd’s previous quarterly dividend of $0.26. WaFd’s dividend payout ratio is 49.77%.

WaFd Profile

(Free Report)

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.

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Institutional Ownership by Quarter for WaFd (NASDAQ:WAFD)

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