Renaissance Technologies LLC reduced its stake in TFS Financial Co. (NASDAQ:TFSL - Free Report) by 2.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,089,991 shares of the bank's stock after selling 84,265 shares during the period. Renaissance Technologies LLC owned approximately 1.10% of TFS Financial worth $38,810,000 as of its most recent SEC filing.
Other institutional investors also recently modified their holdings of the company. Quent Capital LLC grew its holdings in TFS Financial by 68.0% during the 4th quarter. Quent Capital LLC now owns 3,700 shares of the bank's stock valued at $46,000 after buying an additional 1,497 shares in the last quarter. Russell Investments Group Ltd. increased its stake in TFS Financial by 78.4% in the fourth quarter. Russell Investments Group Ltd. now owns 4,122 shares of the bank's stock worth $52,000 after purchasing an additional 1,811 shares during the period. BNP Paribas Financial Markets lifted its holdings in TFS Financial by 814.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 8,420 shares of the bank's stock valued at $108,000 after buying an additional 7,499 shares in the last quarter. KLP Kapitalforvaltning AS bought a new position in TFS Financial in the fourth quarter worth approximately $126,000. Finally, SBI Securities Co. Ltd. purchased a new position in shares of TFS Financial during the fourth quarter valued at $132,000. 9.81% of the stock is owned by hedge funds and other institutional investors.
TFS Financial Stock Up 0.5 %
Shares of NASDAQ TFSL traded up $0.06 during mid-day trading on Wednesday, reaching $12.13. 64,042 shares of the company were exchanged, compared to its average volume of 334,147. The firm has a 50-day moving average of $12.61 and a 200 day moving average of $12.96. 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 Co. has a 1 year low of $11.29 and a 1 year high of $14.99. The stock has a market cap of $3.41 billion, a price-to-earnings ratio of 43.32 and a beta of 0.62.
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, topping 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, research analysts expect that TFS Financial Co. will post 0.29 earnings per share for the current year.
TFS Financial Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th were paid a $0.2825 dividend. This represents a $1.13 dividend on an annualized basis and a dividend yield of 9.32%. The ex-dividend date of this dividend was Thursday, March 6th. TFS Financial's dividend payout ratio (DPR) is presently 403.57%.
Insider Buying and Selling at TFS Financial
In other TFS Financial news, insider Cathy W. Zbanek sold 20,000 shares of the company's stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 88,197 shares of the company's stock, valued at $1,210,062.84. This represents a 18.48 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Anthony J. Asher sold 13,500 shares of the business's stock in a transaction dated 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 approximately $724,225.05. This trade represents a 18.47 % 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 worth $1,550,540 over the last quarter. 0.95% of the stock is currently owned by company insiders.
TFS Financial Company Profile
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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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