Bank of Montreal Can Has $199,000 Stake in TFS Financial Co. (NASDAQ:TFSL)

Bank of Montreal Can lowered its holdings in TFS Financial Co. (NASDAQ:TFSL - Free Report) by 65.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,837 shares of the bank's stock after selling 29,578 shares during the period. Bank of Montreal Can's holdings in TFS Financial were worth $199,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Russell Investments Group Ltd. boosted its position in shares of TFS Financial by 78.4% in the 4th quarter. Russell Investments Group Ltd. now owns 4,122 shares of the bank's stock valued at $52,000 after purchasing an additional 1,811 shares during the period. Wells Fargo & Company MN boosted its holdings in shares of TFS Financial by 17.2% in the fourth quarter. Wells Fargo & Company MN now owns 11,948 shares of the bank's stock worth $150,000 after buying an additional 1,750 shares during the period. ExodusPoint Capital Management LP increased its position in shares of TFS Financial by 125.0% in the fourth quarter. ExodusPoint Capital Management LP now owns 55,686 shares of the bank's stock worth $699,000 after acquiring an additional 30,937 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of TFS Financial by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 1,095,481 shares of the bank's stock valued at $13,763,000 after acquiring an additional 14,280 shares during the period. Finally, Alliancebernstein L.P. lifted its position in shares of TFS Financial by 10.9% in the 4th quarter. Alliancebernstein L.P. now owns 65,052 shares of the bank's stock valued at $817,000 after acquiring an additional 6,390 shares in the last quarter. 9.81% of the stock is currently owned by institutional investors.

TFS Financial Trading Up 0.8 %

NASDAQ TFSL traded up $0.11 on Tuesday, hitting $13.10. 269,550 shares of the stock were exchanged, compared to its average volume of 288,085. The company's 50-day moving average price is $12.43 and its two-hundred day moving average price is $12.96. The company has a debt-to-equity ratio of 2.43, a current ratio of 1.54 and a quick ratio of 1.54. TFS Financial Co. has a 52-week low of $11.29 and a 52-week high of $15.00. The company has a market capitalization of $3.68 billion, a price-to-earnings ratio of 46.79 and a beta of 0.62.

TFS Financial (NASDAQ:TFSL - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The bank reported $0.08 earnings per share for the quarter, beating analysts' consensus estimates of $0.06 by $0.02. TFS Financial had a return on equity of 4.28% and a net margin of 10.58%. Research analysts predict that TFS Financial Co. will post 0.29 EPS for the current year.

TFS Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th were given a $0.2825 dividend. This represents a $1.13 dividend on an annualized basis and a dividend yield of 8.63%. The ex-dividend date was Thursday, March 6th. TFS Financial's dividend payout ratio (DPR) is 403.57%.

Insider Buying and Selling

In other news, CEO Marc A. Stefanski sold 22,000 shares of the business's stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $13.13, for a total transaction of $288,860.00. Following the transaction, the chief executive officer now directly owns 171,784 shares in the company, valued at $2,255,523.92. The trade was a 11.35 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Cathy W. Zbanek sold 20,000 shares of TFS Financial stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $13.72, for a total value of $274,400.00. Following the sale, the insider now directly owns 88,197 shares of the company's stock, valued at approximately $1,210,062.84. The trade was a 18.48 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 118,055 shares of company stock worth $1,550,540. 0.95% of the stock is owned by company insiders.

TFS Financial Company Profile

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.