Legal & General Group Plc Purchases 9,098 Shares of Washington Federal, Inc. (WAFD)
Legal & General Group Plc lifted its position in shares of Washington Federal, Inc. (NASDAQ:WAFD) by 9.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 105,049 shares of the bank’s stock after buying an additional 9,098 shares during the quarter. Legal & General Group Plc owned approximately 0.12% of Washington Federal worth $3,490,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Teacher Retirement System of Texas grew its holdings in shares of Washington Federal by 0.7% during the second quarter. Teacher Retirement System of Texas now owns 7,157 shares of the bank’s stock worth $238,000 after buying an additional 48 shares in the last quarter. M Holdings Securities Inc. grew its holdings in shares of Washington Federal by 0.6% during the first quarter. M Holdings Securities Inc. now owns 13,398 shares of the bank’s stock worth $443,000 after buying an additional 82 shares in the last quarter. Creative Planning grew its holdings in shares of Washington Federal by 3.1% during the second quarter. Creative Planning now owns 3,327 shares of the bank’s stock worth $110,000 after buying an additional 101 shares in the last quarter. Capstone Asset Management Co. grew its holdings in shares of Washington Federal by 3.5% during the first quarter. Capstone Asset Management Co. now owns 8,056 shares of the bank’s stock worth $267,000 after buying an additional 270 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. grew its holdings in shares of Washington Federal by 4.3% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 6,514 shares of the bank’s stock worth $216,000 after buying an additional 271 shares in the last quarter. Institutional investors and hedge funds own 84.38% of the company’s stock.
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A number of equities research analysts recently issued reports on the stock. Zacks Investment Research downgraded shares of Washington Federal from a “buy” rating to a “hold” rating in a report on Friday, May 26th. Royal Bank Of Canada restated a “hold” rating and issued a $35.00 target price on shares of Washington Federal in a report on Friday, September 8th. BidaskClub upgraded shares of Washington Federal from a “sell” rating to a “hold” rating in a report on Saturday, June 10th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $34.00 target price on shares of Washington Federal in a report on Wednesday, May 24th. Finally, ValuEngine downgraded shares of Washington Federal from a “buy” rating to a “hold” rating in a report on Thursday, September 7th. One equities research analyst has rated the stock with a sell rating and five have given a hold rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $33.50.
In other news, Director Thomas J. Kelley sold 6,100 shares of the company’s stock in a transaction dated Wednesday, July 26th. The stock was sold at an average price of $33.72, for a total value of $205,692.00. Following the transaction, the director now owns 21,185 shares in the company, valued at approximately $714,358.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.28% of the stock is owned by corporate insiders.
Shares of Washington Federal, Inc. (WAFD) opened at 31.65 on Friday. The stock has a market capitalization of $2.80 billion, a P/E ratio of 16.65 and a beta of 1.13. Washington Federal, Inc. has a 12-month low of $25.15 and a 12-month high of $35.95. The company has a 50-day moving average of $31.92 and a 200-day moving average of $32.85.
Washington Federal (NASDAQ:WAFD) last issued its earnings results on Tuesday, July 18th. The bank reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.02. The company had revenue of $122.54 million for the quarter, compared to the consensus estimate of $120.35 million. Washington Federal had a return on equity of 8.57% and a net margin of 29.06%. Equities analysts expect that Washington Federal, Inc. will post $1.91 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, August 18th. Stockholders of record on Friday, August 4th were issued a $0.15 dividend. The ex-dividend date was Wednesday, August 2nd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.90%. Washington Federal’s dividend payout ratio is 31.41%.
About Washington Federal
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 business of the Bank consists primarily of accepting deposits from the general 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, commercial real estate and other income producing properties, home equity loans and business loans.
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