American Century Companies Inc. Buys 249,231 Shares of Capitol Federal Financial $CFFN

American Century Companies Inc. increased its stake in Capitol Federal Financial (NASDAQ:CFFN) by 7.7% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,492,927 shares of the savings and loans company’s stock after purchasing an additional 249,231 shares during the quarter. American Century Companies Inc. owned about 2.63% of Capitol Federal Financial worth $22,180,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the stock. HoldCo Asset Management LP purchased a new position in Capitol Federal Financial during the 2nd quarter valued at about $39,443,000. Geode Capital Management LLC lifted its holdings in shares of Capitol Federal Financial by 1.0% in the second quarter. Geode Capital Management LLC now owns 2,976,390 shares of the savings and loans company’s stock worth $18,156,000 after buying an additional 30,425 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its position in shares of Capitol Federal Financial by 36.7% in the second quarter. Arrowstreet Capital Limited Partnership now owns 2,926,820 shares of the savings and loans company’s stock valued at $17,854,000 after acquiring an additional 785,339 shares during the period. AQR Capital Management LLC boosted its position in shares of Capitol Federal Financial by 39.8% in the second quarter. AQR Capital Management LLC now owns 2,418,765 shares of the savings and loans company’s stock valued at $14,754,000 after acquiring an additional 688,130 shares during the period. Finally, Invesco Ltd. grew its stake in Capitol Federal Financial by 25.5% during the second quarter. Invesco Ltd. now owns 2,311,690 shares of the savings and loans company’s stock valued at $14,101,000 after acquiring an additional 469,641 shares in the last quarter. Hedge funds and other institutional investors own 88.51% of the company’s stock.

Capitol Federal Financial Stock Performance

NASDAQ CFFN opened at $6.99 on Tuesday. Capitol Federal Financial has a 52-week low of $4.90 and a 52-week high of $7.84. The company has a fifty day moving average of $7.14 and a 200-day moving average of $6.71. The company has a market capitalization of $907.58 million, a P/E ratio of 12.48 and a beta of 0.68. The company has a debt-to-equity ratio of 1.76, a quick ratio of 1.24 and a current ratio of 1.24.

Capitol Federal Financial (NASDAQ:CFFN) last released its earnings results on Wednesday, January 28th. The savings and loans company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.01. Capitol Federal Financial had a return on equity of 6.99% and a net margin of 16.98%.The business had revenue of $56.80 million for the quarter, compared to analysts’ expectations of $56.02 million. As a group, equities research analysts predict that Capitol Federal Financial will post 0.46 EPS for the current fiscal year.

Capitol Federal Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 20th. Investors of record on Friday, February 6th were issued a dividend of $0.085 per share. The ex-dividend date of this dividend was Friday, February 6th. This represents a $0.34 dividend on an annualized basis and a dividend yield of 4.9%. This is a positive change from Capitol Federal Financial’s previous quarterly dividend of $0.04. Capitol Federal Financial’s payout ratio is 60.71%.

Wall Street Analyst Weigh In

CFFN has been the subject of several analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of Capitol Federal Financial in a report on Monday, December 29th. Keefe, Bruyette & Woods increased their price objective on Capitol Federal Financial from $6.50 to $7.50 and gave the stock a “market perform” rating in a research report on Thursday, January 29th. Four equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, Capitol Federal Financial presently has a consensus rating of “Hold” and an average price target of $7.25.

Capitol Federal Financial Company Profile

Capitol Federal Financial, Inc is a bank holding company headquartered in Kansas City, Missouri. Through its principal subsidiary, Capitol Federal Savings Bank, the company provides a range of retail and commercial banking products and services. These offerings include checking and savings accounts, certificates of deposit, home equity lines of credit and other consumer loan products. In addition, Capitol Federal Financial operates an active mortgage origination business, making residential mortgage loans both for its own portfolio and for sale in the secondary market.

Established in 1893, Capitol Federal has grown into one of the nation’s largest mutual savings banks, emphasizing long-term customer relationships and conservative credit practices.