Principal Financial Group Inc. Reduces Stock Position in Capitol Federal Financial, Inc. (NASDAQ:CFFN)

Principal Financial Group Inc. decreased its holdings in shares of Capitol Federal Financial, Inc. (NASDAQ:CFFN) by 5.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 575,802 shares of the savings and loans company’s stock after selling 33,175 shares during the quarter. Principal Financial Group Inc. owned 0.43% of Capitol Federal Financial worth $3,363,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Renaissance Technologies LLC lifted its holdings in Capitol Federal Financial by 4.9% in the 2nd quarter. Renaissance Technologies LLC now owns 4,340,076 shares of the savings and loans company’s stock worth $23,827,000 after buying an additional 203,200 shares during the period. Tidal Investments LLC bought a new stake in shares of Capitol Federal Financial during the 1st quarter valued at about $609,000. Wealth Enhancement Advisory Services LLC purchased a new position in Capitol Federal Financial during the third quarter valued at $152,000. AQR Capital Management LLC lifted its stake in shares of Capitol Federal Financial by 59.9% during the 2nd quarter. AQR Capital Management LLC now owns 1,494,969 shares of the savings and loans company’s stock valued at $8,207,000 after buying an additional 560,103 shares in the last quarter. Finally, Algert Global LLC bought a new stake in shares of Capitol Federal Financial during the second quarter valued at approximately $70,000. Hedge funds and other institutional investors own 88.51% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Piper Sandler upped their target price on shares of Capitol Federal Financial from $6.50 to $7.00 and gave the company a “neutral” rating in a research report on Thursday, October 24th. Keefe, Bruyette & Woods upped their target price on Capitol Federal Financial from $6.00 to $6.50 and gave the company a “market perform” rating in a research report on Thursday, July 25th.

Capitol Federal Financial Stock Up 0.5 %

Shares of CFFN stock opened at $6.69 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 current ratio of 1.31, a quick ratio of 1.34 and a debt-to-equity ratio of 2.11. The stock has a market cap of $888.03 million, a P/E ratio of 23.07 and a beta of 0.47. The stock has a 50 day moving average of $6.23 and a 200 day moving average of $5.81.

Capitol Federal Financial (NASDAQ:CFFN) last issued its quarterly earnings results on Wednesday, October 23rd. The savings and loans company reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.02. The firm had revenue of $101.65 million for 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 period in the previous year, the company posted $0.04 earnings per share. As a group, sell-side analysts expect that Capitol Federal Financial, Inc. will post 0.45 EPS for the current year.

Capitol Federal Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were paid a dividend of $0.085 per share. This represents a $0.34 dividend on an annualized basis and a yield of 5.08%. The ex-dividend date was Friday, November 1st. Capitol Federal Financial’s dividend payout ratio (DPR) is currently 117.25%.

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.