ExodusPoint Capital Management LP lifted its stake in TFS Financial Co. (NASDAQ:TFSL - Free Report) by 125.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 55,686 shares of the bank's stock after buying an additional 30,937 shares during the period. ExodusPoint Capital Management LP's holdings in TFS Financial were worth $699,000 as of its most recent SEC filing.
A number of other large investors have also modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in TFS Financial by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 5,280,564 shares of the bank's stock worth $66,324,000 after buying an additional 76,919 shares in the last quarter. Geode Capital Management LLC increased its position 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 worth $13,763,000 after acquiring an additional 14,280 shares during the last quarter. Norges Bank acquired a new position in shares of TFS Financial in the fourth quarter worth about $4,689,000. Charles Schwab Investment Management Inc. boosted its holdings in TFS Financial by 1.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 320,015 shares of the bank's stock valued at $4,019,000 after purchasing an additional 3,277 shares during the last quarter. Finally, Kestra Investment Management LLC grew its stake in TFS Financial by 56.0% during the 4th quarter. Kestra Investment Management LLC now owns 205,393 shares of the bank's stock valued at $2,580,000 after purchasing an additional 73,719 shares in the last quarter. Institutional investors and hedge funds own 9.81% of the company's stock.
TFS Financial Stock Down 0.6 %
TFSL stock traded down $0.08 during midday trading on Thursday, hitting $12.09. 67,083 shares of the company's stock were exchanged, compared to its average volume of 284,085. The stock has a market capitalization of $3.40 billion, a price-to-earnings ratio of 43.21 and a beta of 0.62. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 2.43. The firm has a 50 day moving average price of $12.58 and a 200-day moving average price of $12.96. TFS Financial Co. has a 12-month low of $11.29 and a 12-month 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 the consensus estimate of $0.06 by $0.02. TFS Financial had a net margin of 10.58% and a return on equity of 4.28%. On average, analysts anticipate 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 dividend of $0.2825 per share. The ex-dividend date was Thursday, March 6th. This represents a $1.13 annualized dividend and a dividend yield of 9.35%. TFS Financial's payout ratio is 403.57%.
Insider Buying and Selling
In related news, insider Cathy W. Zbanek sold 20,000 shares of the firm's stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $13.72, for a total transaction of $274,400.00. Following the transaction, the insider now directly owns 88,197 shares in the company, valued at $1,210,062.84. This trade represents a 18.48 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Anthony J. Asher sold 13,500 shares of TFS Financial stock in a transaction 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 completion of the transaction, the director now directly owns 59,607 shares of the company's stock, valued at approximately $724,225.05. This represents a 18.47 % 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. Corporate insiders own 0.95% of the company's stock.
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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