Corebridge Financial Inc. Lowers Stock Holdings in Capitol Federal Financial, Inc. (NASDAQ:CFFN)

Corebridge Financial Inc. cut its stake in shares of Capitol Federal Financial, Inc. (NASDAQ:CFFN) by 7.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 65,984 shares of the savings and loans company’s stock after selling 5,150 shares during the quarter. Corebridge Financial Inc.’s holdings in Capitol Federal Financial were worth $390,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of CFFN. Smartleaf Asset Management LLC raised its position in Capitol Federal Financial by 131.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 7,197 shares of the savings and loans company’s stock valued at $43,000 after purchasing an additional 4,093 shares in the last quarter. Stifel Financial Corp grew its holdings in Capitol Federal Financial by 9.4% during the 3rd quarter. Stifel Financial Corp now owns 66,067 shares of the savings and loans company’s stock worth $386,000 after acquiring an additional 5,673 shares in the last quarter. Captrust Financial Advisors increased its position in Capitol Federal Financial by 14.6% during the 3rd quarter. Captrust Financial Advisors now owns 53,897 shares of the savings and loans company’s stock valued at $315,000 after purchasing an additional 6,869 shares during the period. Endeavor Private Wealth Inc. bought a new stake in shares of Capitol Federal Financial in the 4th quarter valued at about $53,000. Finally, Jones Financial Companies Lllp lifted its position in shares of Capitol Federal Financial by 78.6% in the 4th quarter. Jones Financial Companies Lllp now owns 20,637 shares of the savings and loans company’s stock worth $122,000 after purchasing an additional 9,080 shares during the period. Institutional investors own 88.51% of the company’s stock.

Insiders Place Their Bets

In other Capitol Federal Financial news, Director Jeffrey M. Johnson purchased 5,000 shares of the business’s stock in a transaction that occurred on Friday, January 31st. The stock was purchased at an average price of $5.97 per share, for a total transaction of $29,850.00. Following the purchase, the director now directly owns 102,900 shares in the company, valued at approximately $614,313. This trade represents a 5.11 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director James G. Morris purchased 15,000 shares of the stock in a transaction on Wednesday, March 26th. The shares were acquired at an average price of $5.66 per share, for a total transaction of $84,900.00. Following the transaction, the director now directly owns 100,995 shares of the company’s stock, valued at $571,631.70. This represents a 17.44 % increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 40,000 shares of company stock valued at $229,850. Company insiders own 3.20% of the company’s stock.

Analysts Set New Price Targets

Separately, Piper Sandler dropped their price objective on Capitol Federal Financial from $7.00 to $6.50 and set a “neutral” rating on the stock in a research report on Thursday, January 30th.

Capitol Federal Financial Trading Up 5.0 %

Shares of NASDAQ:CFFN opened at $5.46 on Thursday. The company has a debt-to-equity ratio of 2.11, a current ratio of 1.30 and a quick ratio of 1.30. The firm has a market capitalization of $725.01 million, a P/E ratio of 14.00 and a beta of 0.52. The business’s 50-day moving average is $5.79 and its 200 day moving average is $6.05. Capitol Federal Financial, Inc. has a 1 year low of $4.76 and a 1 year high of $7.20.

Capitol Federal Financial (NASDAQ:CFFN) last posted its quarterly earnings data on Wednesday, January 29th. The savings and loans company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.11 by $0.01. Capitol Federal Financial had a net margin of 12.67% and a return on equity of 4.96%. On average, research analysts predict that Capitol Federal Financial, Inc. will post 0.46 earnings per share for the current fiscal year.

Capitol Federal Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were issued a $0.085 dividend. This represents a $0.34 annualized dividend and a dividend yield of 6.23%. The ex-dividend date of this dividend was Friday, February 7th. Capitol Federal Financial’s dividend payout ratio (DPR) is currently 87.18%.

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.