Charles Schwab Investment Management Inc. Sells 121,299 Shares of TFS Financial Co. (NASDAQ:TFSL)

Charles Schwab Investment Management Inc. trimmed its stake in shares of TFS Financial Co. (NASDAQ:TFSL - Free Report) by 27.7% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 316,738 shares of the bank's stock after selling 121,299 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.11% of TFS Financial worth $4,073,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. Connor Clark & Lunn Investment Management Ltd. bought a new stake in TFS Financial in the 3rd quarter worth approximately $310,000. Pathstone Holdings LLC grew its holdings in shares of TFS Financial by 34.5% in the third quarter. Pathstone Holdings LLC now owns 163,308 shares of the bank's stock worth $2,100,000 after acquiring an additional 41,930 shares during the period. Quest Partners LLC purchased a new stake in TFS Financial during the third quarter valued at $668,000. GSA Capital Partners LLP bought a new position in TFS Financial in the third quarter valued at about $619,000. Finally, Integrated Advisors Network LLC boosted its position in TFS Financial by 56.5% in the third quarter. Integrated Advisors Network LLC now owns 22,106 shares of the bank's stock worth $284,000 after purchasing an additional 7,984 shares during the last quarter. 9.81% of the stock is owned by hedge funds and other institutional investors.

TFS Financial Stock Performance

Shares of TFSL stock traded down $0.02 during mid-day trading on Friday, reaching $13.28. 186,044 shares of the company's stock traded hands, compared to its average volume of 270,129. TFS Financial Co. has a 12 month low of $11.70 and a 12 month high of $15.25. The firm has a 50 day moving average price of $13.50 and a two-hundred day moving average price of $13.17. The firm has a market capitalization of $3.73 billion, a PE ratio of 49.19 and a beta of 0.69. The company has a debt-to-equity ratio of 2.57, a quick ratio of 1.54 and a current ratio of 1.54.

TFS Financial (NASDAQ:TFSL - Get Free Report) last issued its quarterly earnings results on Wednesday, October 30th. The bank reported $0.06 EPS for the quarter, hitting analysts' consensus estimates of $0.06. TFS Financial had a return on equity of 4.22% and a net margin of 10.49%. The business had revenue of $194.94 million during the quarter. During the same quarter in the previous year, the company earned $0.07 EPS. On average, research analysts forecast that TFS Financial Co. will post 0.26 EPS for the current year.

TFS Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Tuesday, December 3rd will be given a $0.2825 dividend. The ex-dividend date is Tuesday, December 3rd. This represents a $1.13 dividend on an annualized basis and a dividend yield of 8.51%. TFS Financial's payout ratio is currently 418.53%.

Wall Street Analyst Weigh In

Separately, Piper Sandler reiterated a "neutral" rating and issued a $15.00 price objective on shares of TFS Financial in a research note on Friday, November 22nd.

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.