UBS Asset Management Americas Inc. Cuts Position in Washington Federal Inc. (WAFD)
UBS Asset Management Americas Inc. lowered its position in shares of Washington Federal Inc. (NASDAQ:WAFD) by 74.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 77,973 shares of the company’s stock after selling 226,676 shares during the period. UBS Asset Management Americas Inc. owned approximately 0.09% of Washington Federal worth $1,892,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in WAFD. LS Investment Advisors LLC boosted its stake in shares of Washington Federal by 75.8% in the second quarter. LS Investment Advisors LLC now owns 5,426 shares of the company’s stock worth $132,000 after buying an additional 2,339 shares in the last quarter. Quantbot Technologies LP acquired a new stake in shares of Washington Federal during the second quarter worth approximately $133,000. Suntrust Banks Inc. boosted its stake in shares of Washington Federal by 5.5% in the second quarter. Suntrust Banks Inc. now owns 16,285 shares of the company’s stock worth $394,000 after buying an additional 843 shares in the last quarter. Virginia Retirement System acquired a new stake in shares of Washington Federal during the first quarter worth approximately $396,000. Finally, GSA Capital Partners LLP raised its position in Washington Federal by 51.2% in the second quarter. GSA Capital Partners LLP now owns 18,900 shares of the company’s stock worth $459,000 after buying an additional 6,400 shares during the last quarter. 83.11% of the stock is owned by institutional investors and hedge funds.
Washington Federal Inc. (NASDAQ:WAFD) traded up 1.42% during trading on Monday, hitting $27.18. 13,078 shares of the company’s stock were exchanged. The firm has a market cap of $2.46 billion, a price-to-earnings ratio of 15.52 and a beta of 1.02. The company’s 50-day moving average price is $26.44 and its 200 day moving average price is $24.79. Washington Federal Inc. has a 12-month low of $19.11 and a 12-month high of $27.18.
Washington Federal (NASDAQ:WAFD) last released its earnings results on Thursday, July 14th. The company reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.04. Washington Federal had a net margin of 27.76% and a return on equity of 8.49%. Equities analysts forecast that Washington Federal Inc. will post $1.73 earnings per share for the current fiscal year.
Separately, Zacks Investment Research upgraded shares of Washington Federal from a “hold” rating to a “buy” rating and set a $28.00 price target for the company in a research report on Monday, July 18th.
Washington Federal Company Profile
Washington Federal, Inc is a bank holding company. The Company conducts its operations through a federally-insured national bank subsidiary, Washington Federal, National Association (the Bank). The Company’s principal activities consists of taking deposits from the public and investing these funds in loans of various types, including first lien mortgages on single-family dwellings, construction loans, land acquisition and development loans, loans on multi-family and other income producing properties, home equity loans and business loans.
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