Legal & General Group Plc Takes Position in Capitol Federal Financial $CFFN

Legal & General Group Plc acquired a new position in Capitol Federal Financial (NASDAQ:CFFN) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 267,526 shares of the savings and loans company’s stock, valued at approximately $2,277,000. Legal & General Group Plc owned approximately 0.21% of Capitol Federal Financial as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Capitol Federal Financial by 4.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 73,638 shares of the savings and loans company’s stock valued at $412,000 after purchasing an additional 3,036 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in Capitol Federal Financial during the 1st quarter worth about $119,000. Caxton Associates LLP acquired a new position in shares of Capitol Federal Financial during the 1st quarter worth about $315,000. Jane Street Group LLC boosted its stake in shares of Capitol Federal Financial by 18.4% during the 1st 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 during the last quarter. Finally, Strs Ohio bought a new position in shares of Capitol Federal Financial in the 1st quarter valued at about $59,000. Institutional investors and hedge funds own 88.51% of the company’s stock.

Capitol Federal Financial Trading Up 0.8%

Shares of NASDAQ:CFFN opened at $8.87 on Friday. The company has a debt-to-equity ratio of 1.60, a quick ratio of 1.20 and a current ratio of 1.20. The company has a 50-day simple moving average of $8.66 and a 200 day simple moving average of $7.96. The company has a market capitalization of $1.11 billion, a P/E ratio of 13.65 and a beta of 0.68. Capitol Federal Financial has a 52-week low of $5.97 and a 52-week high of $9.26.

Capitol Federal Financial (NASDAQ:CFFN) last posted its earnings results on Wednesday, July 29th. The savings and loans company reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.02. The business had revenue of $60.15 million for the quarter, compared to analyst estimates of $58.65 million. Capitol Federal Financial had a return on equity of 8.01% and a net margin of 18.69%.

Capitol Federal Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 21st. Stockholders of record on Friday, August 7th were given a $0.085 dividend. The ex-dividend date of this dividend was Friday, August 7th. This represents a $0.34 annualized dividend and a dividend yield of 3.8%. Capitol Federal Financial’s dividend payout ratio is presently 52.31%.

Analyst Ratings Changes

A number of analysts recently issued reports on CFFN shares. Piper Sandler lifted their target price on Capitol Federal Financial from $8.50 to $9.50 and gave the company a “neutral” rating in a research report on Monday, August 3rd. New Street Research set a $10.00 price target on Capitol Federal Financial in a research report on Thursday, July 9th. Weiss Ratings restated a “buy (b-)” rating on shares of Capitol Federal Financial in a research note on Friday, August 7th. Finally, Benchmark initiated coverage on Capitol Federal Financial in a research report on Wednesday, July 8th. They set a “buy” rating and a $10.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $9.25.

Capitol Federal Financial 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.