JPMorgan Chase & Co. Reduces Stock Position in Capitol Federal Financial $CFFN

JPMorgan Chase & Co. cut its stake in Capitol Federal Financial (NASDAQ:CFFN) by 16.9% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 588,434 shares of the savings and loans company’s stock after selling 119,440 shares during the quarter. JPMorgan Chase & Co. owned about 0.45% of Capitol Federal Financial worth $3,737,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Capitol Federal Financial by 4.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 73,638 shares of the savings and loans company’s stock worth $412,000 after purchasing an additional 3,036 shares during the period. Dynamic Technology Lab Private Ltd bought a new stake in shares of Capitol Federal Financial during the first quarter valued at about $119,000. Caxton Associates LLP bought a new stake in shares of Capitol Federal Financial during the first quarter valued at about $315,000. Jane Street Group LLC lifted its holdings in shares of Capitol Federal Financial by 18.4% in the first quarter. Jane Street Group LLC now owns 209,504 shares of the savings and loans company’s stock worth $1,173,000 after buying an additional 32,523 shares in the last quarter. Finally, Strs Ohio purchased a new stake in shares of Capitol Federal Financial in the first quarter worth about $59,000. 88.51% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently commented on CFFN. Keefe, Bruyette & Woods boosted their price objective on shares of Capitol Federal Financial from $6.50 to $7.50 and gave the company a “market perform” rating in a research note on Thursday, January 29th. Weiss Ratings reiterated a “hold (c)” rating on shares of Capitol Federal Financial in a research note on Friday, March 27th. Four investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, Capitol Federal Financial presently has an average rating of “Hold” and an average target price of $7.25.

Capitol Federal Financial Price Performance

Shares of NASDAQ CFFN opened at $7.25 on Friday. The stock’s 50-day simple moving average is $7.26 and its two-hundred day simple moving average is $6.79. Capitol Federal Financial has a twelve month low of $4.90 and a twelve month high of $7.84. The firm has a market capitalization of $941.37 million, a P/E ratio of 12.95 and a beta of 0.67. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.76.

Capitol Federal Financial (NASDAQ:CFFN) last issued its quarterly earnings results on Wednesday, January 28th. The savings and loans company reported $0.16 earnings per share (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 firm had revenue of $56.80 million during the quarter, compared to the consensus estimate of $56.02 million. As a group, equities analysts anticipate that Capitol Federal Financial will post 0.46 EPS for the current fiscal year.

Capitol Federal Financial Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 20th. Shareholders of record on Friday, February 6th were given a dividend of $0.085 per share. The ex-dividend date was Friday, February 6th. This is a boost from Capitol Federal Financial’s previous quarterly dividend of $0.04. This represents a $0.34 annualized dividend and a yield of 4.7%. Capitol Federal Financial’s dividend payout ratio (DPR) is presently 60.71%.

About Capitol Federal Financial

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.