Charles Schwab Investment Management Inc. Sells 129,965 Shares of Capitol Federal Financial $CFFN

Key Points

• Charles Schwab Investment Management Inc. reduced its stake in Capitol Federal Financial by 9.0%, selling 129,965 shares, and now holds approximately 1,309,240 shares valued at $7.3 million.
• Despite Schwab's sale, other institutional investors are increasing their holdings in Capitol Federal Financial, with Wells Fargo raising its position by 31.3% during the last quarter.
• Capitol Federal Financial reported earnings of $0.14 per share for the last quarter, exceeding estimates, and recently announced a quarterly dividend of $0.085, yielding 5.3% annually.

Charles Schwab Investment Management Inc. lessened its holdings in shares of Capitol Federal Financial (NASDAQ:CFFN - Free Report) by 9.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,309,240 shares of the savings and loans company's stock after selling 129,965 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.99% of Capitol Federal Financial worth $7,332,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Wells Fargo & Company MN raised its position in shares of Capitol Federal Financial by 31.3% in the fourth quarter. Wells Fargo & Company MN now owns 74,950 shares of the savings and loans company's stock valued at $443,000 after purchasing an additional 17,854 shares during the period. Raymond James Financial Inc. acquired a new position in Capitol Federal Financial in the 4th quarter valued at about $170,000. CANADA LIFE ASSURANCE Co grew its stake in Capitol Federal Financial by 6.1% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 130,935 shares of the savings and loans company's stock valued at $772,000 after buying an additional 7,525 shares during the last quarter. First Trust Advisors LP raised its holdings in Capitol Federal Financial by 21.2% in the 4th quarter. First Trust Advisors LP now owns 97,306 shares of the savings and loans company's stock valued at $575,000 after acquiring an additional 17,002 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in Capitol Federal Financial by 0.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 5,721,291 shares of the savings and loans company's stock worth $33,813,000 after acquiring an additional 47,436 shares during the last quarter. Institutional investors own 88.51% of the company's stock.

Capitol Federal Financial Price Performance

Capitol Federal Financial stock opened at $6.42 on Wednesday. Capitol Federal Financial has a 12 month low of $4.90 and a 12 month high of $7.20. The stock's 50 day moving average is $6.12 and its 200-day moving average is $5.84. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 1.98. The company has a market capitalization of $852.72 million, a price-to-earnings ratio of 13.66 and a beta of 0.60.

Capitol Federal Financial (NASDAQ:CFFN - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The savings and loans company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.02. Capitol Federal Financial had a return on equity of 5.92% and a net margin of 14.87%.The business had revenue of $50.75 million during the quarter, compared to analysts' expectations of $50.51 million. Equities research analysts expect that Capitol Federal Financial will post 0.46 EPS for the current year.

Capitol Federal Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, August 1st were issued a $0.085 dividend. The ex-dividend date of this dividend was Friday, August 1st. This represents a $0.34 annualized dividend and a yield of 5.3%. Capitol Federal Financial's payout ratio is currently 72.34%.

About Capitol Federal Financial

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.