Kestra Investment Management LLC Grows Holdings in TFS Financial Co. (NASDAQ:TFSL)

Kestra Investment Management LLC lifted its holdings in TFS Financial Co. (NASDAQ:TFSL - Free Report) by 56.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 205,393 shares of the bank's stock after buying an additional 73,719 shares during the period. Kestra Investment Management LLC owned approximately 0.07% of TFS Financial worth $2,580,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of TFSL. Creative Planning lifted its stake in shares of TFS Financial by 13.9% in the third quarter. Creative Planning now owns 43,818 shares of the bank's stock worth $564,000 after buying an additional 5,350 shares in the last quarter. Allspring Global Investments Holdings LLC raised its stake in TFS Financial by 44.0% during the third quarter. Allspring Global Investments Holdings LLC now owns 3,194 shares of the bank's stock worth $41,000 after purchasing an additional 976 shares during the period. Sequoia Financial Advisors LLC raised its stake in TFS Financial by 196.0% during the third quarter. Sequoia Financial Advisors LLC now owns 30,137 shares of the bank's stock worth $388,000 after purchasing an additional 19,954 shares during the period. Nisa Investment Advisors LLC raised its stake in TFS Financial by 125.0% during the third quarter. Nisa Investment Advisors LLC now owns 12,600 shares of the bank's stock worth $162,000 after purchasing an additional 7,000 shares during the period. Finally, Integrated Advisors Network LLC raised its stake in TFS Financial by 56.5% during 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 period. 9.81% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

TFS Financial Trading Down 0.7 %

Shares of TFSL traded down $0.10 during trading on Friday, reaching $13.32. 256,783 shares of the company traded hands, compared to its average volume of 268,270. TFS Financial Co. has a twelve month low of $11.70 and a twelve month high of $14.99. The stock has a market cap of $3.74 billion, a PE ratio of 47.57 and a beta of 0.72. The stock has a 50-day simple moving average of $12.94 and a 200-day simple moving average of $13.18. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 2.43.

TFS Financial (NASDAQ:TFSL - Get Free Report) last announced 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 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 earnings per share for the current year.

TFS Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Thursday, March 6th will be issued a $0.2825 dividend. This represents a $1.13 dividend on an annualized basis and a dividend yield of 8.48%. The ex-dividend date of this dividend is Thursday, March 6th. TFS Financial's dividend payout ratio (DPR) is currently 403.57%.

Insider Activity at TFS Financial

In related news, insider Cathy W. Zbanek sold 20,000 shares of TFS Financial stock in a transaction that occurred 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 completion of the transaction, the insider now owns 88,197 shares in the company, valued at $1,210,062.84. The trade was a 18.48 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.95% of the company's stock.

About TFS Financial

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.