State Street Corp Lowers Holdings in TFS Financial Co. (NASDAQ:TFSL)

State Street Corp lessened its stake in shares of TFS Financial Co. (NASDAQ:TFSL - Free Report) by 6.0% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,225,419 shares of the bank's stock after selling 77,643 shares during the period. State Street Corp owned 0.44% of TFS Financial worth $15,759,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently made changes to their positions in the company. Pathstone Holdings LLC raised its stake in TFS Financial by 34.5% during the third quarter. Pathstone Holdings LLC now owns 163,308 shares of the bank's stock valued at $2,100,000 after purchasing an additional 41,930 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of TFS Financial by 5.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,476,938 shares of the bank's stock valued at $31,258,000 after buying an additional 122,562 shares in the last quarter. GSA Capital Partners LLP bought a new position in shares of TFS Financial in the 3rd quarter valued at about $619,000. Creative Planning grew its position in 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 acquiring an additional 5,350 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its stake in TFS Financial by 814.2% during the third 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 during the last quarter. 9.81% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

TFS Financial Trading Up 0.6 %

NASDAQ TFSL traded up $0.07 during trading on Wednesday, hitting $12.75. The stock had a trading volume of 97,746 shares, compared to its average volume of 271,628. The stock has a market capitalization of $3.58 billion, a price-to-earnings ratio of 47.22 and a beta of 0.69. The stock has a 50 day simple moving average of $13.52 and a 200 day simple moving average of $13.17. TFS Financial Co. has a one year low of $11.70 and a one year high of $15.25. 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 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.06. The firm had revenue of $194.94 million during the quarter. TFS Financial had a return on equity of 4.22% and a net margin of 10.49%. During the same period in the prior year, the business posted $0.07 earnings per share. Sell-side analysts predict that TFS Financial Co. will post 0.26 earnings per share for the current year.

TFS Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 17th. Stockholders of record on Tuesday, December 3rd were issued a $0.2825 dividend. This represents a $1.13 dividend on an annualized basis and a dividend yield of 8.86%. The ex-dividend date of this dividend was Tuesday, December 3rd. TFS Financial's payout ratio is presently 418.52%.

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.