Northwestern Mutual Investment Management Company LLC Has $381,000 Stake in Washington Federal, Inc. (WAFD)
Northwestern Mutual Investment Management Company LLC lifted its stake in Washington Federal, Inc. (NASDAQ:WAFD) by 2.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,723 shares of the bank’s stock after buying an additional 339 shares during the period. Northwestern Mutual Investment Management Company LLC’s holdings in Washington Federal were worth $381,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Liberty Mutual Group Asset Management Inc. boosted its position in shares of Washington Federal by 5.1% in the first quarter. Liberty Mutual Group Asset Management Inc. now owns 39,359 shares of the bank’s stock worth $1,303,000 after buying an additional 1,926 shares during the period. Alpha Windward LLC boosted its position in shares of Washington Federal by 8.0% in the second quarter. Alpha Windward LLC now owns 14,975 shares of the bank’s stock worth $497,000 after buying an additional 1,115 shares during the period. Prudential Financial Inc. boosted its position in shares of Washington Federal by 4.4% in the second quarter. Prudential Financial Inc. now owns 719,720 shares of the bank’s stock worth $23,895,000 after buying an additional 30,410 shares during the period. Brighton Jones LLC purchased a new stake in shares of Washington Federal in the second quarter worth about $221,000. Finally, Lazard Asset Management LLC purchased a new stake in shares of Washington Federal in the first quarter worth about $12,241,000. 84.38% of the stock is owned by institutional investors.
Shares of Washington Federal, Inc. (WAFD) opened at 31.65 on Friday. Washington Federal, Inc. has a 12 month low of $25.15 and a 12 month high of $35.95. The stock has a market cap of $2.80 billion, a P/E ratio of 16.65 and a beta of 1.13. The stock has a 50 day moving average price of $31.92 and a 200 day moving average price of $32.85.
Washington Federal (NASDAQ:WAFD) last posted its earnings results on Tuesday, July 18th. The bank reported $0.49 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.02. The firm had revenue of $122.54 million for the quarter, compared to the consensus estimate of $120.35 million. Washington Federal had a net margin of 29.06% and a return on equity of 8.57%. Equities analysts anticipate that Washington Federal, Inc. will post $1.91 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, August 18th. Stockholders of record on Friday, August 4th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.90%. The ex-dividend date of this dividend was Wednesday, August 2nd. Washington Federal’s dividend payout ratio is currently 31.41%.
Several equities research analysts have recently weighed in on WAFD shares. Zacks Investment Research downgraded Washington Federal from a “buy” rating to a “hold” rating in a research report on Monday, June 19th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $34.00 target price on shares of Washington Federal in a research report on Tuesday, July 25th. BidaskClub downgraded Washington Federal from a “hold” rating to a “sell” rating in a research report on Tuesday, June 20th. Finally, ValuEngine downgraded Washington Federal from a “buy” rating to a “hold” rating in a research report on Thursday, September 7th. One investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $33.50.
In other news, Director Thomas J. Kelley sold 6,100 shares of the firm’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 sale, the director now directly owns 21,185 shares of the company’s stock, valued at $714,358.20. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 1.28% of the company’s stock.
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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