Great West Life Assurance Co. Can Sells 3,723 Shares of Washington Federal, Inc. (NASDAQ:WAFD)

Great West Life Assurance Co. Can decreased its position in Washington Federal, Inc. (NASDAQ:WAFD) by 6.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,825 shares of the bank’s stock after selling 3,723 shares during the period. Great West Life Assurance Co. Can owned approximately 0.06% of Washington Federal worth $1,722,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Janus Henderson Group PLC purchased a new stake in Washington Federal in the 2nd quarter worth approximately $22,965,000. FMR LLC boosted its position in shares of Washington Federal by 7.4% during the 2nd quarter. FMR LLC now owns 8,016,631 shares of the bank’s stock valued at $266,152,000 after acquiring an additional 549,742 shares during the last quarter. Principal Financial Group Inc. boosted its position in shares of Washington Federal by 124.4% during the 2nd quarter. Principal Financial Group Inc. now owns 944,223 shares of the bank’s stock valued at $31,348,000 after acquiring an additional 523,355 shares during the last quarter. Northern Trust Corp boosted its position in shares of Washington Federal by 12.8% during the 2nd quarter. Northern Trust Corp now owns 3,039,627 shares of the bank’s stock valued at $100,916,000 after acquiring an additional 343,912 shares during the last quarter. Finally, Koch Industries Inc. bought a new position in shares of Washington Federal during the 2nd quarter valued at approximately $213,000. Institutional investors own 83.23% of the company’s stock.

Washington Federal, Inc. (NASDAQ WAFD) traded up $0.45 during trading on Thursday, hitting $35.30. The company had a trading volume of 564,865 shares, compared to its average volume of 402,371. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.02 and a quick ratio of 1.02. The firm has a market capitalization of $3,010.00, a P/E ratio of 18.10, a price-to-earnings-growth ratio of 1.66 and a beta of 1.15. Washington Federal, Inc. has a 12-month low of $29.80 and a 12-month high of $35.90.

Washington Federal (NASDAQ:WAFD) last posted its quarterly earnings data on Wednesday, October 18th. The bank reported $0.52 EPS for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.03. The business had revenue of $128.69 million during the quarter, compared to analysts’ expectations of $121.46 million. Washington Federal had a return on equity of 8.63% and a net margin of 28.87%. analysts expect that Washington Federal, Inc. will post 2.07 EPS for the current fiscal year.

WAFD has been the subject of a number of analyst reports. ValuEngine upgraded Washington Federal from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Piper Jaffray Companies reiterated a “hold” rating and issued a $34.00 target price on shares of Washington Federal in a research note on Friday, October 6th. Zacks Investment Research lowered Washington Federal from a “buy” rating to a “hold” rating in a research note on Monday, September 18th. Royal Bank of Canada reiterated a “hold” rating and issued a $36.00 target price on shares of Washington Federal in a research note on Friday, October 20th. Finally, BidaskClub downgraded Washington Federal from a “hold” rating to a “sell” rating in a report on Friday, January 5th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $36.00.

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Washington Federal 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 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.

Institutional Ownership by Quarter for Washington Federal (NASDAQ:WAFD)

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