Principal Financial Group Inc. Has $3.85 Million Position in Capitol Federal Financial, Inc. (NASDAQ:CFFN)

Principal Financial Group Inc. lessened its position in Capitol Federal Financial, Inc. (NASDAQ:CFFN) by 2.1% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 645,401 shares of the savings and loans company’s stock after selling 13,657 shares during the period. Principal Financial Group Inc. owned 0.48% of Capitol Federal Financial worth $3,847,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of CFFN. Azora Capital LP bought a new stake in shares of Capitol Federal Financial in the 4th quarter valued at about $5,054,000. Pinnacle Wealth Planning Services Inc. bought a new stake in shares of Capitol Federal Financial in the 4th quarter valued at about $229,000. Sage Rhino Capital LLC bought a new stake in shares of Capitol Federal Financial in the 4th quarter valued at about $69,000. Cornerstone Investment Partners LLC bought a new stake in shares of Capitol Federal Financial in the 4th quarter valued at about $174,000. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Capitol Federal Financial by 8.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,943,860 shares of the savings and loans company’s stock valued at $12,538,000 after buying an additional 150,482 shares during the last quarter. Institutional investors and hedge funds own 88.51% of the company’s stock.

Analysts Set New Price Targets

CFFN has been the topic of a number of analyst reports. StockNews.com upgraded Capitol Federal Financial from a “sell” rating to a “hold” rating in a research report on Monday, July 1st. Piper Sandler decreased their target price on Capitol Federal Financial from $6.00 to $5.50 and set a “neutral” rating for the company in a research note on Thursday, April 25th. Finally, Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $6.00 target price (down previously from $7.00) on shares of Capitol Federal Financial in a research note on Thursday, April 25th.

Capitol Federal Financial Stock Performance

CFFN stock opened at $5.34 on Friday. Capitol Federal Financial, Inc. has a twelve month low of $4.22 and a twelve month high of $6.88. The company has a debt-to-equity ratio of 2.29, a quick ratio of 1.34 and a current ratio of 1.34. The stock’s 50 day moving average is $5.20 and its 200-day moving average is $5.65.

Capitol Federal Financial (NASDAQ:CFFN) last issued its quarterly earnings results on Wednesday, April 24th. The savings and loans company reported $0.11 EPS for the quarter, hitting analysts’ consensus estimates of $0.11. The business had revenue of $45.96 million for the quarter, compared to analyst estimates of $47.23 million. Capitol Federal Financial had a positive return on equity of 3.85% and a negative net margin of 33.99%. On average, research analysts predict that Capitol Federal Financial, Inc. will post 0.42 EPS for the current year.

Capitol Federal Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 17th. Investors of record on Friday, May 3rd were issued a dividend of $0.085 per share. The ex-dividend date was Thursday, May 2nd. This represents a $0.34 dividend on an annualized basis and a yield of 6.37%. Capitol Federal Financial’s dividend payout ratio (DPR) is currently -36.17%.

Insider Buying and Selling

In other Capitol Federal Financial news, Director Jeffrey M. Johnson purchased 10,000 shares of the company’s stock in a transaction that occurred on Thursday, June 6th. The shares were acquired at an average cost of $5.12 per share, for a total transaction of $51,200.00. Following the completion of the acquisition, the director now owns 97,900 shares of the company’s stock, valued at approximately $501,248. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.20% of the stock is currently owned by corporate insiders.

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.