AlphaQuest LLC cut its position in TFS Financial Co. (NASDAQ:TFSL - Free Report) by 94.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,691 shares of the bank's stock after selling 49,257 shares during the period. AlphaQuest LLC's holdings in TFS Financial were worth $34,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently bought and sold shares of the business. Quent Capital LLC boosted its holdings in shares of TFS Financial by 68.0% in the 4th quarter. Quent Capital LLC now owns 3,700 shares of the bank's stock valued at $46,000 after buying an additional 1,497 shares in the last quarter. BNP Paribas Financial Markets grew its holdings in shares of TFS Financial by 814.2% during the third quarter. BNP Paribas Financial Markets now owns 8,420 shares of the bank's stock worth $108,000 after purchasing an additional 7,499 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of TFS Financial in the 4th quarter valued at about $132,000. Olympiad Research LP purchased a new position in TFS Financial during the 4th quarter worth approximately $167,000. Finally, SG Americas Securities LLC grew its stake in TFS Financial by 47.4% during the 4th quarter. SG Americas Securities LLC now owns 13,962 shares of the bank's stock worth $175,000 after buying an additional 4,491 shares during the last quarter. Hedge funds and other institutional investors own 9.81% of the company's stock.
Insiders Place Their Bets
In related news, CEO Marc A. Stefanski sold 35,000 shares of the stock in a transaction on Friday, February 28th. The stock was sold at an average price of $13.12, for a total transaction of $459,200.00. Following the completion of the sale, the chief executive officer now directly owns 101,784 shares of the company's stock, valued at $1,335,406.08. This trade represents a 25.59 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Cathy W. Zbanek sold 20,000 shares of the business's stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $13.72, for a total transaction of $274,400.00. Following the completion of the transaction, the insider now directly owns 88,197 shares in the company, valued at $1,210,062.84. This represents a 18.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 118,055 shares of company stock valued at $1,550,540. 0.95% of the stock is owned by company insiders.
TFS Financial Stock Performance
NASDAQ TFSL traded down $0.13 on Tuesday, reaching $12.30. The stock had a trading volume of 365,803 shares, compared to its average volume of 263,705. The company has a debt-to-equity ratio of 2.43, a quick ratio of 1.54 and a current ratio of 1.54. The stock has a market cap of $3.45 billion, a P/E ratio of 43.93 and a beta of 0.77. The business's 50-day moving average price is $12.93 and its 200 day moving average price is $13.09. TFS Financial Co. has a 12-month low of $11.70 and a 12-month high of $15.00.
TFS Financial (NASDAQ:TFSL - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The bank reported $0.08 EPS for the quarter, beating 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, equities analysts expect that TFS Financial Co. will post 0.29 earnings per share for the current year.
TFS Financial Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th were paid a dividend of $0.2825 per share. This represents a $1.13 annualized dividend and a yield of 9.19%. The ex-dividend date was Thursday, March 6th. TFS Financial's dividend payout ratio is presently 403.57%.
TFS Financial Profile
(
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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