Semper Augustus Investments Group Lowers stake in Washington Federal (WAFD)

Washington Federal (WAFD) : Semper Augustus Investments Group reduced its stake in Washington Federal by 1.15% during the most recent quarter end. The investment management company now holds a total of 231,543 shares of Washington Federal which is valued at $5.5 Million after selling 2,696 shares in Washington Federal , the firm said in a disclosure report filed with the SEC on May 13, 2016.Washington Federal makes up approximately 3.86% of Semper Augustus Investments Group’s portfolio.

Other Hedge Funds, Including , Citadel Advisors boosted its stake in WAFD in the latest quarter, The investment management firm added 176,843 additional shares and now holds a total of 322,177 shares of Washington Federal which is valued at $7.7 Million. Washington Federal makes up approx 0.02% of Citadel Advisors’s portfolio.Harbour Investment Management reduced its stake in WAFD by selling 1,300 shares or 1.89% in the most recent quarter. The Hedge Fund company now holds 67,543 shares of WAFD which is valued at $1.6 Million. Washington Federal makes up approx 1.25% of Harbour Investment Management’s portfolio.Heartland Advisors Inc reduced its stake in WAFD by selling 53,992 shares or 12.55% in the most recent quarter. The Hedge Fund company now holds 376,115 shares of WAFD which is valued at $9.1 Million. Washington Federal makes up approx 0.47% of Heartland Advisors Inc’s portfolio.

Washington Federal opened for trading at $25.03 and hit $25.23 on the upside on Wednesday, eventually ending the session at $25.13, with a gain of 0.88% or 0.22 points. The heightened volatility saw the trading volume jump to 2,74,165 shares. Company has a market cap of $2,289 M.

Many Wall Street Analysts have commented on Washington Federal. Company shares were Reiterated by RBC Capital Mkts on Apr 18, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 26 from a previous price target of $23 .

Washington Federal Inc. is a United States of America-based bank holding company. Its principal subsidiary is Washington Federal National Association which operates 182 offices in eight western states. The Company obtains its funds primarily through deposits from the general public repayments of loans borrowings and retained earnings. These funds are used largely to make loans to individuals and businesses including loans for the purchase of new and existing homes construction and land loans commercial real estate loans commercial and industrial loans. The Company caters to Home Loans Personal Banking and Commercial Banking segments.

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