Bank of New York Mellon Corp cut its holdings in shares of TFS Financial Co. (NASDAQ:TFSL - Free Report) by 10.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,528,541 shares of the bank's stock after selling 178,575 shares during the quarter. Bank of New York Mellon Corp owned about 0.54% of TFS Financial worth $19,198,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also modified their holdings of the company. Quent Capital LLC grew its holdings in shares of TFS Financial by 68.0% during the 4th quarter. Quent Capital LLC now owns 3,700 shares of the bank's stock worth $46,000 after purchasing an additional 1,497 shares during the period. BNP Paribas Financial Markets lifted its stake in TFS Financial by 814.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 8,420 shares of the bank's stock worth $108,000 after acquiring an additional 7,499 shares in the last quarter. Olympiad Research LP acquired a new position in TFS Financial during the 4th quarter worth about $167,000. SG Americas Securities LLC lifted 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 acquiring an additional 4,491 shares in the last quarter. Finally, Paloma Partners Management Co acquired a new position in TFS Financial during the 3rd quarter worth about $252,000. 9.81% of the stock is currently owned by hedge funds and other institutional investors.
Insider Buying and Selling at TFS Financial
In related news, Director Anthony J. Asher sold 13,500 shares of the firm's stock in a transaction that occurred on Tuesday, March 11th. The stock was 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 trade represents a 18.47 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Marc A. Stefanski sold 22,000 shares of TFS Financial stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $13.13, for a total value of $288,860.00. Following the completion of the transaction, the chief executive officer now owns 171,784 shares in the company, valued at $2,255,523.92. This trade represents a 11.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 118,055 shares of company stock valued at $1,550,540 in the last quarter. Corporate insiders own 0.95% of the company's stock.
Analysts Set New Price Targets
Separately, Piper Sandler reissued a "neutral" rating and set a $15.00 target price on shares of TFS Financial in a research note on Friday, November 22nd.
View Our Latest Stock Analysis on TFS Financial
TFS Financial Stock Up 0.3 %
TFSL stock traded up $0.04 during mid-day trading on Thursday, reaching $12.06. The company had a trading volume of 247,425 shares, compared to its average volume of 264,953. 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 company has a market capitalization of $3.39 billion, a price-to-earnings ratio of 43.07 and a beta of 0.77. The firm has a fifty day simple moving average of $12.94 and a 200 day simple moving average of $13.15. TFS Financial Co. has a fifty-two week low of $11.70 and a fifty-two week high of $15.00.
TFS Financial (NASDAQ:TFSL - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The bank reported $0.08 earnings per share (EPS) 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%. Analysts forecast that TFS Financial Co. will post 0.29 earnings per share for the current fiscal year.
TFS Financial Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th will be given a $0.2825 dividend. This represents a $1.13 dividend on an annualized basis and a yield of 9.37%. The ex-dividend date is Thursday, March 6th. TFS Financial's dividend payout ratio is currently 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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