TFS Financial Co. (NASDAQ:TFSL) Shares Sold by Bank of Montreal Can

Bank of Montreal Can cut its stake in TFS Financial Co. (NASDAQ:TFSL - Free Report) by 65.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 15,837 shares of the bank's stock after selling 29,578 shares during the quarter. Bank of Montreal Can's holdings in TFS Financial were worth $199,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Russell Investments Group Ltd. increased its position in shares of TFS Financial by 78.4% during the 4th 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 last quarter. Wells Fargo & Company MN increased its holdings in TFS Financial by 17.2% in the 4th quarter. Wells Fargo & Company MN now owns 11,948 shares of the bank's stock valued at $150,000 after purchasing an additional 1,750 shares during the last quarter. ExodusPoint Capital Management LP lifted its stake in TFS Financial by 125.0% during the fourth quarter. ExodusPoint Capital Management LP now owns 55,686 shares of the bank's stock worth $699,000 after purchasing an additional 30,937 shares in the last quarter. Geode Capital Management LLC boosted 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 buying an additional 14,280 shares during the period. Finally, Alliancebernstein L.P. raised its holdings in shares of TFS Financial by 10.9% in the 4th quarter. Alliancebernstein L.P. now owns 65,052 shares of the bank's stock valued at $817,000 after buying an additional 6,390 shares during the period. Institutional investors and hedge funds own 9.81% of the company's stock.

TFS Financial Trading Up 2.1 %

TFS Financial stock traded up $0.27 during midday trading on Thursday, reaching $13.23. 96,159 shares of the stock traded hands, compared to its average volume of 287,631. The company has a 50-day simple moving average of $12.42 and a two-hundred day simple moving average of $12.96. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 2.43. TFS Financial Co. has a 12-month low of $11.29 and a 12-month high of $15.00. The firm has a market cap of $3.71 billion, a PE ratio of 47.29 and a beta of 0.62.

TFS Financial (NASDAQ:TFSL - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The bank reported $0.07 EPS for the quarter, meeting the consensus estimate of $0.07. The company had revenue of $79.12 million during the quarter, compared to analysts' expectations of $69.42 million. TFS Financial had a net margin of 10.58% and a return on equity of 4.28%. Research analysts expect that TFS Financial Co. will post 0.29 earnings per share for the current fiscal year.

TFS Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th were paid a $0.2825 dividend. This represents a $1.13 annualized dividend and a dividend yield of 8.54%. The ex-dividend date of this dividend was Thursday, March 6th. TFS Financial's payout ratio is presently 403.57%.

Insider Transactions at TFS Financial

In other news, Director Anthony J. Asher sold 13,500 shares of the firm'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 sale, the director now owns 59,607 shares of the company's stock, valued at approximately $724,225.05. This trade represents a 18.47 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Marc A. Stefanski sold 22,000 shares of TFS Financial stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $13.13, for a total value of $288,860.00. Following the sale, the chief executive officer now owns 171,784 shares in the company, valued at $2,255,523.92. This trade represents a 11.35 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 118,055 shares of company stock valued at $1,550,540. 0.95% of the stock is currently owned by corporate insiders.

TFS Financial 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.