Nuveen LLC Makes New $2.34 Million Investment in TFS Financial Corporation $TFSL

Key Points

• Nuveen LLC acquired 188,953 shares of TFS Financial Corporation, valued at approximately $2.34 million, increasing its stake to about 0.07%.
• TFS Financial announced a quarterly dividend of $0.2825 per share, translating to an annualized yield of 8.0%, with a high dividend payout ratio of 389.66%.
• As of the recent financial report, TFS Financial maintained a market capitalization of $3.95 billion and recorded a return on equity of 4.40% for the previous quarter.

Nuveen LLC bought a new position in TFS Financial Corporation (NASDAQ:TFSL - Free Report) in the first quarter, according to its most recent filing with the SEC. The firm bought 188,953 shares of the bank's stock, valued at approximately $2,341,000. Nuveen LLC owned approximately 0.07% of TFS Financial as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. Bank of America Corp DE raised its holdings in TFS Financial by 39.7% in the 4th quarter. Bank of America Corp DE now owns 501,096 shares of the bank's stock worth $6,294,000 after purchasing an additional 142,291 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in TFS Financial by 5.3% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 931,874 shares of the bank's stock valued at $11,704,000 after purchasing an additional 47,310 shares during the period. Dimensional Fund Advisors LP boosted its holdings in TFS Financial by 1.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,559,629 shares of the bank's stock valued at $32,150,000 after acquiring an additional 43,064 shares during the period. Quantinno Capital Management LP purchased a new stake in TFS Financial during the 4th quarter worth approximately $260,000. Finally, D. E. Shaw & Co. Inc. purchased a new stake in TFS Financial during the 4th quarter worth about $230,000. 9.81% of the stock is currently owned by hedge funds and other institutional investors.

TFS Financial Stock Down 0.3%

Shares of NASDAQ:TFSL traded down $0.04 during trading hours on Thursday, reaching $13.62. The stock had a trading volume of 311,727 shares, compared to its average volume of 337,674. The stock has a market capitalization of $3.82 billion, a price-to-earnings ratio of 46.97 and a beta of 0.74. The company has a debt-to-equity ratio of 2.59, a quick ratio of 1.54 and a current ratio of 1.54. The firm's 50 day moving average is $13.19 and its 200-day moving average is $12.92. TFS Financial Corporation has a 1 year low of $11.29 and a 1 year high of $14.99.

TFS Financial (NASDAQ:TFSL - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The bank reported $0.08 EPS for the quarter, meeting analysts' consensus estimates of $0.08. The business had revenue of $82.04 million for the quarter, compared to the consensus estimate of $80.30 million. TFS Financial had a return on equity of 4.40% and a net margin of 10.67%. Research analysts predict that TFS Financial Corporation 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 will be paid on Wednesday, September 24th. Shareholders of record on Wednesday, September 10th will be given a dividend of $0.2825 per share. This represents a $1.13 dividend on an annualized basis and a yield of 8.3%. The ex-dividend date of this dividend is Wednesday, September 10th. TFS Financial's dividend payout ratio (DPR) is presently 389.66%.

Insider Buying and Selling

In other news, CEO Marc A. Stefanski sold 7,200 shares of TFS Financial stock in a transaction dated Friday, August 29th. The shares were sold at an average price of $14.17, for a total value of $102,024.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Anthony J. Asher bought 37,675 shares of TFS Financial stock in a transaction on Thursday, August 21st. The stock was acquired at an average cost of $13.26 per share, with a total value of $499,570.50. Following the acquisition, the director owned 37,675 shares of the company's stock, valued at $499,570.50. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders sold 34,200 shares of company stock valued at $464,124 in the last ninety days. Company insiders own 0.95% of the company's stock.

TFS Financial Company 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.