Principal Financial Group Inc. Increases Stake in Capitol Federal Financial, Inc. (NASDAQ:CFFN)

Principal Financial Group Inc. boosted its stake in Capitol Federal Financial, Inc. (NASDAQ:CFFN) by 2.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 592,331 shares of the savings and loans company’s stock after purchasing an additional 16,529 shares during the quarter. Principal Financial Group Inc. owned approximately 0.45% of Capitol Federal Financial worth $3,501,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in CFFN. Wealth Enhancement Advisory Services LLC bought a new position in Capitol Federal Financial in the 3rd quarter worth about $152,000. Triune Financial Partners LLC bought a new position in Capitol Federal Financial in the 3rd quarter worth about $136,000. GSA Capital Partners LLP boosted its stake in Capitol Federal Financial by 254.7% in the 3rd quarter. GSA Capital Partners LLP now owns 155,071 shares of the savings and loans company’s stock worth $906,000 after purchasing an additional 111,356 shares during the period. KBC Group NV boosted its stake in 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 worth $54,000 after purchasing an additional 3,463 shares during the period. Finally, LMR Partners LLP bought a new position in Capitol Federal Financial in the 3rd quarter worth about $124,000. Institutional investors own 88.51% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler cut their target price on Capitol Federal Financial from $7.00 to $6.50 and set a “neutral” rating for the company in a research note on Thursday, January 30th.

Insider Activity

In other news, EVP Rick C. Jackson bought 10,000 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The stock was bought at an average price of $5.88 per share, for a total transaction of $58,800.00. Following the transaction, the executive vice president now directly owns 191,428 shares of the company’s stock, valued at $1,125,596.64. This represents a 5.51 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jeffrey M. Johnson bought 5,000 shares of the company’s stock in a transaction that occurred on Friday, January 31st. The stock was purchased at an average price of $5.97 per share, with a total value of $29,850.00. Following the transaction, the director now directly owns 102,900 shares in the company, valued at $614,313. The trade was a 5.11 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 3.20% of the company’s stock.

Capitol Federal Financial Stock Performance

Shares of CFFN opened at $5.87 on Wednesday. The company has a market cap of $779.45 million, a PE ratio of 15.05 and a beta of 0.50. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 2.11. The stock has a 50-day moving average price of $5.89 and a 200-day moving average price of $6.11. Capitol Federal Financial, Inc. has a 12-month low of $4.76 and a 12-month high of $7.20.

Capitol Federal Financial (NASDAQ:CFFN) last issued its quarterly earnings results on Wednesday, January 29th. The savings and loans company reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.01. Capitol Federal Financial had a return on equity of 4.96% and a net margin of 12.67%. As a group, equities analysts forecast that Capitol Federal Financial, Inc. will post 0.46 earnings per share for the current fiscal year.

Capitol Federal Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were given a dividend of $0.085 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $0.34 dividend on an annualized basis and a dividend yield of 5.79%. Capitol Federal Financial’s dividend payout ratio (DPR) is presently 87.18%.

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.