Bank of New York Mellon Corp Invests $9.97 Million in Capitol Federal Financial $CFFN

Key Points

• Bank of New York Mellon acquired 1.17 million shares of Capitol Federal Financial during the second quarter, valued at approximately $9.97 million and representing about 0.92% of the company.
• Institutional investors own 88.51% of CFFN, with Vanguard, Dimensional Fund Advisors, AQR Capital Management and Arrowstreet Capital among major holders that recently increased their positions.
• Analysts give the stock a “Moderate Buy” consensus with a $9.25 price target. Capitol Federal recently beat quarterly earnings estimates and pays an annualized dividend of $0.34 per share, yielding about 3.9%.

Bank of New York Mellon Corp acquired a new stake in shares of Capitol Federal Financial (NASDAQ:CFFN - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 1,171,077 shares of the savings and loans company's stock, valued at approximately $9,966,000. Bank of New York Mellon Corp owned about 0.92% of Capitol Federal Financial as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in Capitol Federal Financial by 3.6% in the 4th quarter. Vanguard Group Inc. now owns 12,690,697 shares of the savings and loans company's stock worth $86,424,000 after acquiring an additional 442,592 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Capitol Federal Financial by 4.0% during the first quarter. Dimensional Fund Advisors LP now owns 6,790,130 shares of the savings and loans company's stock worth $48,413,000 after purchasing an additional 263,238 shares during the last quarter. AQR Capital Management LLC grew its position in shares of Capitol Federal Financial by 13.2% in the fourth quarter. AQR Capital Management LLC now owns 3,840,400 shares of the savings and loans company's stock valued at $26,153,000 after purchasing an additional 447,342 shares during the period. Arrowstreet Capital Limited Partnership grew its position in shares of Capitol Federal Financial by 10.5% in the first quarter. Arrowstreet Capital Limited Partnership now owns 3,264,146 shares of the savings and loans company's stock valued at $23,273,000 after purchasing an additional 309,342 shares during the period. Finally, Invesco Ltd. increased its stake in Capitol Federal Financial by 4.8% in the third quarter. Invesco Ltd. now owns 2,421,712 shares of the savings and loans company's stock valued at $15,378,000 after purchasing an additional 110,022 shares during the last quarter. Hedge funds and other institutional investors own 88.51% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on CFFN. Benchmark assumed coverage on Capitol Federal Financial in a research report on Wednesday, July 8th. They set a "buy" rating and a $10.00 target price on the stock. New Street Research set a $10.00 price objective on shares of Capitol Federal Financial in a research note on Thursday, July 9th. Piper Sandler upped their price objective on shares of Capitol Federal Financial from $8.50 to $9.50 and gave the company a "neutral" rating in a research note on Monday, August 3rd. Finally, Weiss Ratings reiterated a "buy (b-)" rating on shares of Capitol Federal Financial in a report on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $9.25.

Capitol Federal Financial Price Performance

Shares of NASDAQ CFFN opened at $8.69 on Thursday. Capitol Federal Financial has a 1-year low of $5.97 and a 1-year high of $9.26. The business has a 50-day moving average of $8.65 and a 200-day moving average of $7.94. The company has a debt-to-equity ratio of 1.60, a current ratio of 1.20 and a quick ratio of 1.20. The company has a market capitalization of $1.09 billion, a price-to-earnings ratio of 13.37 and a beta of 0.68.

Capitol Federal Financial (NASDAQ:CFFN - Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The savings and loans company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.17 by $0.02. The firm 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 firm also recently announced a quarterly dividend, which was paid on Friday, August 21st. Stockholders of record on Friday, August 7th were paid a dividend of $0.085 per share. The ex-dividend date was Friday, August 7th. This represents a $0.34 annualized dividend and a dividend yield of 3.9%. Capitol Federal Financial's dividend payout ratio (DPR) is currently 52.31%.

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.

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