Quantinno Capital Management LP Acquires Shares of 20,696 TFS Financial Co. (NASDAQ:TFSL)

Quantinno Capital Management LP purchased a new stake in TFS Financial Co. (NASDAQ:TFSL - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 20,696 shares of the bank's stock, valued at approximately $260,000.

A number of other large investors have also added to or reduced their stakes in the business. Norges Bank acquired a new position in TFS Financial in the 4th quarter valued at $4,689,000. Bank of America Corp DE grew 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 valued at $6,294,000 after buying an additional 142,291 shares in the last quarter. Sage Investment Counsel LLC acquired a new position in TFS Financial in the 4th quarter valued at $1,355,000. Vanguard Group Inc. grew its holdings in shares of TFS Financial by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 5,280,564 shares of the bank's stock worth $66,324,000 after purchasing an additional 76,919 shares in the last quarter. Finally, Kestra Investment Management LLC grew its holdings in shares of TFS Financial by 56.0% during the 4th quarter. Kestra Investment Management LLC now owns 205,393 shares of the bank's stock worth $2,580,000 after purchasing an additional 73,719 shares in the last quarter. Institutional investors own 9.81% of the company's stock.

TFS Financial Price Performance

Shares of TFSL remained flat at $13.25 during trading hours on Thursday. The stock had a trading volume of 227,564 shares, compared to its average volume of 290,020. The stock has a market capitalization of $3.72 billion, a P/E ratio of 47.32 and a beta of 0.78. TFS Financial Co. has a 12 month low of $11.29 and a 12 month high of $15.00. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 2.43. The business's fifty day simple moving average is $12.72 and its two-hundred day simple moving average is $12.99.

TFS Financial (NASDAQ:TFSL - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The bank reported $0.07 earnings per share for the quarter, meeting the consensus estimate of $0.07. The business had revenue of $79.12 million for the quarter, compared to analyst estimates of $69.42 million. TFS Financial had a return on equity of 4.28% and a net margin of 10.58%. Analysts anticipate that TFS Financial Co. will post 0.29 EPS for the current year.

TFS Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 24th. Shareholders of record on Tuesday, June 10th will be given a $0.2825 dividend. This represents a $1.13 annualized dividend and a yield of 8.53%. TFS Financial's dividend payout ratio is presently 403.57%.

Insider Buying and Selling at TFS Financial

In other TFS Financial news, Director Anthony J. Asher sold 13,500 shares of the stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $12.15, for a total value of $164,025.00. Following the completion of the transaction, the director now directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Andrew J. Rubino sold 6,000 shares of the stock in a transaction on Monday, May 5th. The stock was sold at an average price of $13.61, for a total transaction of $81,660.00. Following the sale, the insider now owns 24,126 shares of the company's stock, valued at approximately $328,354.86. This trade represents a 19.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 150,067 shares of company stock worth $1,984,646. 0.95% of the stock is currently owned by 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.