Legal & General Group Plc Increases Holdings in Washington Federal Inc. (WAFD)

Legal & General Group Plc raised its holdings in shares of Washington Federal Inc. (NASDAQ:WAFD) by 6.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 107,659 shares of the bank’s stock after acquiring an additional 6,875 shares during the period. Legal & General Group Plc’s holdings in Washington Federal were worth $2,876,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in WAFD. Toronto Dominion Bank acquired a new stake in Washington Federal during the 4th quarter valued at approximately $27,000. Oregon Public Employees Retirement Fund lifted its stake in Washington Federal by 2,571.0% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 932,873 shares of the bank’s stock valued at $35,000 after acquiring an additional 897,947 shares during the period. ETF Managers Group LLC lifted its stake in Washington Federal by 19.4% during the 4th quarter. ETF Managers Group LLC now owns 3,885 shares of the bank’s stock valued at $104,000 after acquiring an additional 630 shares during the period. Advisor Group Inc. lifted its stake in Washington Federal by 21.4% during the 4th quarter. Advisor Group Inc. now owns 5,598 shares of the bank’s stock valued at $150,000 after acquiring an additional 988 shares during the period. Finally, Verition Fund Management LLC acquired a new stake in Washington Federal during the 3rd quarter valued at approximately $209,000. Institutional investors and hedge funds own 87.53% of the company’s stock.

NASDAQ:WAFD opened at $30.53 on Tuesday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.28. The company has a market cap of $2.51 billion, a PE ratio of 12.72, a PEG ratio of 1.73 and a beta of 1.11. Washington Federal Inc. has a 1-year low of $24.67 and a 1-year high of $35.25.

Washington Federal (NASDAQ:WAFD) last posted its earnings results on Monday, April 15th. The bank reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.02. Washington Federal had a net margin of 30.16% and a return on equity of 10.31%. Analysts expect that Washington Federal Inc. will post 2.51 earnings per share for the current fiscal year.

WAFD has been the subject of several research reports. Zacks Investment Research cut shares of Washington Federal from a “hold” rating to a “sell” rating in a research note on Monday, February 11th. BidaskClub lowered shares of Washington Federal from a “buy” rating to a “hold” rating in a report on Thursday, January 31st. Finally, TheStreet raised shares of Washington Federal from a “c+” rating to a “b-” rating in a report on Thursday, January 24th. One research analyst has rated the stock with a sell rating and three have issued a hold rating to the stock. Washington Federal has a consensus rating of “Hold” and a consensus target price of $36.00.

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About Washington Federal

Washington Federal, Inc operates as the bank holding company for Washington Federal, National Association that provides lending, depository, insurance, and other banking services in the United States. The company accepts deposit products, including business and personal checking accounts, and term certificates of deposit, as well as money market accounts and passbook savings accounts.

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

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