Victory Capital Management Inc. Sells 434,239 Shares of Capitol Federal Financial, Inc. (NASDAQ:CFFN)

Posted by Defense World Staff on May 24th, 2023

Victory Capital Management Inc. decreased its position in Capitol Federal Financial, Inc. (NASDAQ:CFFN – Get Rating) by 20.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,641,251 shares of the savings and loans company’s stock after selling 434,239 shares during the quarter. Victory Capital Management Inc. owned approximately 1.20% of Capitol Federal Financial worth $13,737,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Point72 Hong Kong Ltd bought a new stake in shares of Capitol Federal Financial in the 2nd quarter worth $39,000. Captrust Financial Advisors boosted its holdings in shares of Capitol Federal Financial by 74.9% in the 1st quarter. Captrust Financial Advisors now owns 8,049 shares of the savings and loans company’s stock worth $88,000 after buying an additional 3,446 shares during the last quarter. Belpointe Asset Management LLC purchased a new position in shares of Capitol Federal Financial in the 4th quarter worth about $86,000. Bridgefront Capital LLC purchased a new position in shares of Capitol Federal Financial in the 1st quarter worth about $114,000. Finally, Fox Run Management L.L.C. purchased a new position in shares of Capitol Federal Financial in the 3rd quarter worth about $88,000. Institutional investors own 74.60% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on shares of Capitol Federal Financial in a report on Thursday, March 16th. They issued a “sell” rating on the stock.

Insider Buying and Selling at Capitol Federal Financial

In other Capitol Federal Financial news, Director Jeffrey M. Johnson acquired 10,000 shares of the company’s stock in a transaction on Thursday, May 11th. The shares were acquired at an average cost of $5.35 per share, with a total value of $53,500.00. Following the completion of the acquisition, the director now directly owns 74,900 shares in the company, valued at $400,715. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders have acquired a total of 12,950 shares of company stock valued at $71,826 over the last three months. 2.10% of the stock is currently owned by insiders.

Capitol Federal Financial Price Performance

Shares of NASDAQ:CFFN opened at $6.10 on Wednesday. The company has a market capitalization of $830.58 million, a P/E ratio of 11.51 and a beta of 0.37. Capitol Federal Financial, Inc. has a fifty-two week low of $5.24 and a fifty-two week high of $10.39. The company has a debt-to-equity ratio of 2.52, a quick ratio of 1.29 and a current ratio of 1.29. The company’s 50-day moving average is $6.44 and its 200 day moving average is $7.67.

Capitol Federal Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 19th. Shareholders of record on Friday, May 5th were issued a dividend of $0.085 per share. This represents a $0.34 annualized dividend and a yield of 5.57%. The ex-dividend date of this dividend was Thursday, May 4th. Capitol Federal Financial’s dividend payout ratio (DPR) is presently 64.15%.

Capitol Federal Financial Profile

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Capitol Federal Financial, Inc is a holding company, which operates as a community-oriented financial institution. It offers a variety of financial products and services, including checking and savings account, eBanking, trust and brokerage, and insurance. The company was founded in 1893 and is headquartered in Topeka, KS.