Kearny Financial (KRNY) Stake Increased by Voya Investment Management LLC
Voya Investment Management LLC grew its stake in shares of Kearny Financial (NASDAQ:KRNY) by 10.3% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 40,946 shares of the savings and loans company’s stock after acquiring an additional 3,811 shares during the quarter. Voya Investment Management LLC’s holdings in Kearny Financial were worth $608,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in KRNY. Vanguard Group Inc. boosted its holdings in shares of Kearny Financial by 3.6% in the first quarter. Vanguard Group Inc. now owns 6,399,468 shares of the savings and loans company’s stock worth $96,313,000 after buying an additional 224,755 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Kearny Financial by 7.4% in the second quarter. Dimensional Fund Advisors LP now owns 4,607,524 shares of the savings and loans company’s stock worth $68,422,000 after buying an additional 315,492 shares during the last quarter. Villere ST Denis J & Co. LLC boosted its holdings in shares of Kearny Financial by 16.5% in the second quarter. Villere ST Denis J & Co. LLC now owns 3,839,063 shares of the savings and loans company’s stock worth $57,010,000 after buying an additional 544,435 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Kearny Financial by 7.6% in the second quarter. Renaissance Technologies LLC now owns 3,703,521 shares of the savings and loans company’s stock worth $54,997,000 after buying an additional 262,503 shares during the last quarter. Finally, State Street Corp boosted its holdings in shares of Kearny Financial by 0.8% in the first quarter. State Street Corp now owns 1,850,973 shares of the savings and loans company’s stock worth $27,861,000 after buying an additional 13,992 shares during the last quarter. 63.70% of the stock is currently owned by hedge funds and other institutional investors.
Kearny Financial (NASDAQ:KRNY) last issued its earnings results on Monday, October 30th. The savings and loans company reported $0.07 EPS for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.02. The firm had revenue of $29.90 million for the quarter. Kearny Financial had a return on equity of 1.76% and a net margin of 12.31%.
The company also recently announced a special dividend, which was paid on Wednesday, October 18th. Investors of record on Wednesday, October 4th were given a $0.12 dividend. The ex-dividend date of this dividend was Tuesday, October 3rd. This represents a yield of 0.79%. This is a positive change from Kearny Financial’s previous special dividend of $0.02. Kearny Financial’s dividend payout ratio is currently 52.17%.
A number of research firms recently issued reports on KRNY. BidaskClub downgraded shares of Kearny Financial from a “hold” rating to a “sell” rating in a report on Tuesday, August 8th. Keefe, Bruyette & Woods reissued a “sell” rating and issued a $13.00 price objective on shares of Kearny Financial in a report on Thursday, August 3rd.
In related news, Director Theodore J. Aanensen sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $14.11, for a total value of $28,220.00. The sale was disclosed in a document filed with the SEC, which is available at this link. 3.78% of the stock is owned by corporate insiders.
Kearny Financial Company Profile
Kearny Bank is principally engaged in the business of attracting deposits from the general public at its 41 locations in New Jersey and using these deposits, together with other funds, to originate or purchase loans for its portfolio and invest in securities. Loans originated or purchased by the Bank generally include loans collateralized by residential and commercial real estate augmented by secured and unsecured loans to businesses and consumers.
Want to see what other hedge funds are holding KRNY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kearny Financial (NASDAQ:KRNY).
Receive News & Ratings for Kearny Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kearny Financial and related companies with MarketBeat.com's FREE daily email newsletter.