Bank of America Corp DE grew its holdings in shares of TFS Financial Co. (NASDAQ:TFSL - Free Report) by 39.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 501,096 shares of the bank's stock after purchasing an additional 142,291 shares during the quarter. Bank of America Corp DE owned about 0.18% of TFS Financial worth $6,294,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also modified their holdings of TFSL. JPMorgan Chase & Co. grew its stake in TFS Financial by 6.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 28,646 shares of the bank's stock valued at $368,000 after buying an additional 1,784 shares during the last quarter. SG Americas Securities LLC grew its stake in TFS Financial by 47.4% in the 4th quarter. SG Americas Securities LLC now owns 13,962 shares of the bank's stock valued at $175,000 after buying an additional 4,491 shares during the last quarter. Empowered Funds LLC acquired a new position in TFS Financial in the 4th quarter valued at $265,000. Quent Capital LLC grew its stake in TFS Financial by 68.0% in 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 during the last quarter. Finally, Kestra Investment Management LLC grew its stake in TFS Financial by 56.0% in the 4th quarter. Kestra Investment Management LLC now owns 205,393 shares of the bank's stock valued at $2,580,000 after buying an additional 73,719 shares during the last quarter. Institutional investors own 9.81% of the company's stock.
Insider Transactions at TFS Financial
In related news, insider Gavin B. Stefanski sold 3,505 shares of TFS Financial stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $13.47, for a total transaction of $47,212.35. Following the completion of the transaction, the insider now directly owns 32,766 shares of the company's stock, valued at $441,358.02. This trade represents a 9.66% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Andrew J. Rubino sold 6,000 shares of TFS Financial stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $13.61, for a total transaction of $81,660.00. Following the transaction, the insider now directly owns 24,126 shares of the company's stock, valued at $328,354.86. This represents a 19.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 115,067 shares of company stock valued at $1,525,446. Company insiders own 0.95% of the company's stock.
TFS Financial Stock Performance
NASDAQ:TFSL traded up $0.01 during midday trading on Friday, reaching $13.26. The stock had a trading volume of 291,067 shares, compared to its average volume of 291,045. TFS Financial Co. has a 1-year low of $11.29 and a 1-year high of $15.00. The firm's fifty day simple moving average is $12.75 and its 200-day simple moving average is $12.97. The company has a debt-to-equity ratio of 2.43, a current ratio of 1.54 and a quick ratio of 1.54. The stock has a market capitalization of $3.72 billion, a P/E ratio of 47.36 and a beta of 0.78.
TFS Financial (NASDAQ:TFSL - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The bank reported $0.07 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.07. The company had revenue of $79.12 million for the quarter, compared to analyst estimates of $69.42 million. TFS Financial had a net margin of 10.58% and a return on equity of 4.28%. On average, equities research analysts forecast that TFS Financial Co. will post 0.29 EPS for the current fiscal year.
TFS Financial Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 24th. Stockholders of record on Tuesday, June 10th will be issued a dividend of $0.2825 per share. This represents a $1.13 dividend on an annualized basis and a dividend yield of 8.52%. The ex-dividend date of this dividend is Tuesday, June 10th. TFS Financial's payout ratio is 403.57%.
TFS Financial Company Profile
(
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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