WaFd, Inc (NASDAQ:WAFD) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. trimmed its position in shares of WaFd, Inc (NASDAQ:WAFD) by 0.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,218,446 shares of the bank’s stock after selling 6,802 shares during the period. Charles Schwab Investment Management Inc. owned 1.50% of WaFd worth $39,283,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of WAFD. State Street Corp boosted its position in shares of WaFd by 5.2% during the third quarter. State Street Corp now owns 3,969,790 shares of the bank’s stock worth $138,347,000 after buying an additional 195,845 shares during the period. Geode Capital Management LLC raised its stake in WaFd by 10.0% during the 3rd quarter. Geode Capital Management LLC now owns 1,759,135 shares of the bank’s stock valued at $61,318,000 after acquiring an additional 159,750 shares in the last quarter. Systematic Financial Management LP grew its stake in shares of WaFd by 21.5% in the third quarter. Systematic Financial Management LP now owns 1,432,523 shares of the bank’s stock worth $49,923,000 after purchasing an additional 253,044 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of WaFd by 4.1% during the fourth quarter. Bank of New York Mellon Corp now owns 736,564 shares of the bank’s stock valued at $23,747,000 after purchasing an additional 28,849 shares during the period. Finally, Principal Financial Group Inc. lifted its holdings in WaFd by 4.5% in the fourth quarter. Principal Financial Group Inc. now owns 447,621 shares of the bank’s stock worth $14,431,000 after purchasing an additional 19,117 shares during the period. Institutional investors own 83.71% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Keefe, Bruyette & Woods lowered their target price on shares of WaFd from $42.00 to $34.00 and set a “market perform” rating on the stock in a research note on Tuesday, January 21st. DA Davidson lowered shares of WaFd from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $35.00 to $32.00 in a research note on Thursday, February 6th. StockNews.com upgraded WaFd from a “sell” rating to a “hold” rating in a research report on Thursday, March 6th. Piper Sandler lowered their price target on WaFd from $37.00 to $31.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 21st. Finally, Stephens reissued an “equal weight” rating and issued a $38.00 price objective on shares of WaFd in a research note on Friday, January 17th. Five equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat, WaFd presently has a consensus rating of “Hold” and a consensus price target of $33.75.

WaFd Trading Up 1.7 %

Shares of NASDAQ:WAFD opened at $28.24 on Friday. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.04 and a current ratio of 1.04. The stock has a market capitalization of $2.30 billion, a price-to-earnings ratio of 13.01 and a beta of 0.82. WaFd, Inc has a 1-year low of $25.78 and a 1-year high of $38.62. The company has a 50 day moving average price of $29.88 and a 200 day moving average price of $33.32.

WaFd Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Friday, February 21st were issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 3.82%. This is a boost from WaFd’s previous quarterly dividend of $0.26. The ex-dividend date was Friday, February 21st. WaFd’s payout ratio is presently 49.77%.

About WaFd

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.