Maridea Wealth Management LLC bought a new stake in TFS Financial Co. (NASDAQ:TFSL - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 38,479 shares of the bank's stock, valued at approximately $483,000.
A number of other hedge funds have also recently made changes to their positions in the company. Parallel Advisors LLC boosted its position in TFS Financial by 4.2% during the 4th quarter. Parallel Advisors LLC now owns 25,251 shares of the bank's stock worth $317,000 after buying an additional 1,026 shares during the period. US Bancorp DE grew its stake in shares of TFS Financial by 6.2% in the fourth quarter. US Bancorp DE now owns 18,568 shares of the bank's stock worth $233,000 after purchasing an additional 1,085 shares during the last quarter. Quent Capital LLC increased its holdings in TFS Financial by 68.0% in the fourth quarter. Quent Capital LLC now owns 3,700 shares of the bank's stock valued at $46,000 after purchasing an additional 1,497 shares during the period. JPMorgan Chase & Co. raised its position in TFS Financial by 6.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 28,646 shares of the bank's stock worth $368,000 after purchasing an additional 1,784 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in TFS Financial by 1.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 320,015 shares of the bank's stock worth $4,019,000 after buying an additional 3,277 shares during the period. 9.81% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling
In other TFS Financial news, Director Daniel F. Weir sold 10,000 shares of the firm's stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $13.11, for a total value of $131,100.00. Following the completion of the sale, the director now directly owns 18,841 shares in the company, valued at approximately $247,005.51. This trade represents a 34.67 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Anthony J. Asher sold 13,500 shares of the company's stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $12.15, for a total transaction of $164,025.00. Following the transaction, the director now owns 59,607 shares in the company, valued at $724,225.05. This represents a 18.47 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 118,055 shares of company stock valued at $1,550,540 over the last 90 days. Company insiders own 0.95% of the company's stock.
TFS Financial Trading Up 0.2 %
Shares of NASDAQ TFSL traded up $0.03 during trading on Wednesday, reaching $12.48. The company had a trading volume of 85,055 shares, compared to its average volume of 272,581. TFS Financial Co. has a 12 month low of $11.70 and a 12 month high of $15.00. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 2.43. The stock has a market cap of $3.50 billion, a P/E ratio of 44.57 and a beta of 0.77. The company's fifty day moving average price is $12.90 and its 200-day moving average price is $13.06.
TFS Financial (NASDAQ:TFSL - Get Free Report) last announced its earnings results on Tuesday, February 4th. The bank reported $0.08 earnings per share for the quarter, topping analysts' consensus estimates of $0.06 by $0.02. TFS Financial had a net margin of 10.58% and a return on equity of 4.28%. As a group, research analysts expect that TFS Financial Co. will post 0.29 earnings per share for the current year.
TFS Financial Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, March 6th were given a dividend of $0.2825 per share. The ex-dividend date of this dividend was Thursday, March 6th. This represents a $1.13 annualized dividend and a dividend yield of 9.05%. TFS Financial's payout ratio is 403.57%.
About TFS Financial
(
Free Report)
TFS Financial Corporation, through its subsidiaries, provides retail consumer banking services in the United States. Its deposit products include savings, money market, checking, individual retirement, and other qualified plan accounts, as well as certificates of deposit. The company also provides residential real estate mortgage loans, residential construction loans, and home equity loans and lines of credit, as well as purchase mortgages and first mortgage refinance loans.
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