TFS Financial Corporation $TFSL Shares Bought by Goldman Sachs Group Inc.

Key Points

• Goldman Sachs Group Inc. increased its stake in TFS Financial Corporation by 64.4%, now owning 91,920 shares valued at over $1 million.
• Significant insider selling occurred, with Director Barbara J. Anderson and CFO Meredith S. Weil selling 12,000 and 15,000 shares, respectively, indicating a substantial decrease in their ownership.
• TFS Financial announced a quarterly dividend of $0.2825 per share, representing an annualized yield of 8.6% amidst a high dividend payout ratio of 389.66%.

Goldman Sachs Group Inc. grew its position in shares of TFS Financial Corporation (NASDAQ:TFSL - Free Report) by 64.4% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 91,920 shares of the bank's stock after purchasing an additional 36,004 shares during the period. Goldman Sachs Group Inc.'s holdings in TFS Financial were worth $1,139,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the company. Cramer Rosenthal Mcglynn LLC raised its stake in shares of TFS Financial by 6.4% during the first quarter. Cramer Rosenthal Mcglynn LLC now owns 1,388,669 shares of the bank's stock valued at $17,206,000 after purchasing an additional 84,002 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of TFS Financial by 3.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 966,757 shares of the bank's stock worth $11,978,000 after buying an additional 34,883 shares during the last quarter. Bank of America Corp DE increased its stake in shares of TFS Financial by 39.7% in the fourth quarter. Bank of America Corp DE now owns 501,096 shares of the bank's stock worth $6,294,000 after buying an additional 142,291 shares during the last quarter. FJ Capital Management LLC increased its stake in shares of TFS Financial by 6.7% in the first quarter. FJ Capital Management LLC now owns 362,562 shares of the bank's stock worth $4,492,000 after buying an additional 22,806 shares during the last quarter. Finally, Kestra Investment Management LLC increased its stake in shares of TFS Financial by 1.6% in the first quarter. Kestra Investment Management LLC now owns 208,610 shares of the bank's stock worth $2,585,000 after buying an additional 3,217 shares during the last quarter. Hedge funds and other institutional investors own 9.81% of the company's stock.

TFS Financial Stock Up 0.1%

Shares of NASDAQ:TFSL traded up $0.01 during midday trading on Monday, reaching $13.21. The company had a trading volume of 385,858 shares, compared to its average volume of 445,384. The company has a debt-to-equity ratio of 2.59, a current ratio of 1.54 and a quick ratio of 1.54. The stock's fifty day moving average price is $13.23 and its 200-day moving average price is $12.94. The stock has a market capitalization of $3.71 billion, a P/E ratio of 45.55 and a beta of 0.74. TFS Financial Corporation has a one year low of $11.29 and a one year high of $14.99.

TFS Financial (NASDAQ:TFSL - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The bank reported $0.08 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.08. The business had revenue of $82.04 million during the quarter, compared to analyst estimates of $80.30 million. TFS Financial had a net margin of 10.67% and a return on equity of 4.40%. Equities research analysts expect that TFS Financial Corporation will post 0.29 earnings per share for the current fiscal year.

TFS Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 24th. Shareholders of record on Wednesday, September 10th will be issued a $0.2825 dividend. This represents a $1.13 dividend on an annualized basis and a yield of 8.6%. The ex-dividend date of this dividend is Wednesday, September 10th. TFS Financial's payout ratio is currently 389.66%.

Insider Transactions at TFS Financial

In other TFS Financial news, Director Barbara J. Anderson sold 12,000 shares of TFS Financial stock in a transaction on Friday, August 15th. The shares were sold at an average price of $13.05, for a total value of $156,600.00. Following the completion of the transaction, the director owned 2,100 shares of the company's stock, valued at $27,405. The trade was a 85.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Marc A. Stefanski sold 7,200 shares of TFS Financial stock in a transaction on Friday, August 29th. The stock was sold at an average price of $14.17, for a total transaction of $102,024.00. The disclosure for this sale can be found here. Insiders have sold a total of 38,100 shares of company stock valued at $516,267 over the last quarter. Insiders own 0.95% of the company's stock.

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.