Jane Street Group LLC Sells 55,398 Shares of WaFd, Inc (NASDAQ:WAFD)

Jane Street Group LLC lowered its stake in shares of WaFd, Inc (NASDAQ:WAFD - Free Report) by 88.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 7,200 shares of the bank's stock after selling 55,398 shares during the quarter. Jane Street Group LLC's holdings in WaFd were worth $232,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the stock. Aster Capital Management DIFC Ltd lifted its position in shares of WaFd by 983.5% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 1,116 shares of the bank's stock worth $36,000 after purchasing an additional 1,013 shares in the last quarter. Harbour Investments Inc. boosted its position in WaFd by 29.6% during the fourth quarter. Harbour Investments Inc. now owns 1,752 shares of the bank's stock worth $56,000 after purchasing an additional 400 shares during the period. Blue Trust Inc. grew its stake in WaFd by 68.4% in the 4th quarter. Blue Trust Inc. now owns 2,000 shares of the bank's stock valued at $70,000 after buying an additional 812 shares during the last quarter. US Bancorp DE increased its stake in shares of WaFd by 136.7% during the fourth quarter. US Bancorp DE now owns 3,638 shares of the bank's stock worth $117,000 after purchasing an additional 2,101 shares during the period. Finally, KBC Group NV lifted its holdings in WaFd by 34.5% during the 4th quarter. KBC Group NV now owns 3,762 shares of the bank's stock worth $121,000 after purchasing an additional 965 shares during the last quarter. 83.71% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have commented on WAFD. Stephens reaffirmed an "equal weight" rating and issued a $29.00 price objective on shares of WaFd in a report on Monday, April 14th. DA Davidson downgraded shares of WaFd from a "buy" rating to a "neutral" rating and decreased their price target for the company from $35.00 to $32.00 in a research note on Thursday, February 6th. Wall Street Zen upgraded shares of WaFd from a "sell" rating to a "hold" rating in a research note on Saturday, April 12th. Finally, Keefe, Bruyette & Woods cut their price objective on shares of WaFd from $32.00 to $30.00 and set a "market perform" rating for the company in a report on Wednesday, April 16th. Five analysts have rated the stock with a hold rating, According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $30.50.

WaFd Price Performance

WaFd stock traded up $0.67 during trading hours on Friday, reaching $29.08. 379,627 shares of the stock were exchanged, compared to its average volume of 537,518. The stock has a 50 day moving average of $28.07 and a two-hundred day moving average of $30.29. WaFd, Inc has a twelve month low of $23.75 and a twelve month high of $38.62. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 1.05. The company has a market cap of $2.33 billion, a P/E ratio of 13.40 and a beta of 0.85.

WaFd (NASDAQ:WAFD - Get Free Report) last announced its quarterly earnings data on Friday, April 11th. The bank reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.05. WaFd had a return on equity of 8.78% and a net margin of 12.66%. The business had revenue of $179.79 million during the quarter, compared to the consensus estimate of $184.17 million. Equities analysts expect that WaFd, Inc will post 2.56 EPS for the current fiscal year.

WaFd Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 23rd will be given a $0.27 dividend. The ex-dividend date is Friday, May 23rd. This represents a $1.08 dividend on an annualized basis and a yield of 3.71%. WaFd's dividend payout ratio is currently 40.75%.

About WaFd

WaFd, Inc operates as the bank holding company for Washington Federal Bank that provides lending, depository, insurance, and other banking services in the United States. The company offers deposit products, including business and personal checking accounts, and term certificates of deposit, as well as money market accounts and passbook savings accounts.