MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Purchases 34,883 Shares of TFS Financial Corporation $TFSL

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. has increased its stake in TFS Financial Corporation by 3.7%, now holding 966,757 shares valued at approximately $11.98 million.
• TFS Financial recently reported earnings of $0.08 per share, matching analysts' expectations, with revenues of $82.04 million for the quarter, surpassing the consensus estimate of $80.30 million.
• The company announced a quarterly dividend of $0.2825, reflecting a substantial dividend yield of 8.4%, although its dividend payout ratio is notably high at 389.66%.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in TFS Financial Corporation (NASDAQ:TFSL - Free Report) by 3.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 966,757 shares of the bank's stock after acquiring an additional 34,883 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 0.34% of TFS Financial worth $11,978,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Summit Securities Group LLC purchased a new position in TFS Financial in the first quarter valued at about $29,000. Deutsche Bank AG bought a new stake in shares of TFS Financial in the fourth quarter valued at approximately $47,000. Quarry LP raised its position in shares of TFS Financial by 260.1% in the first quarter. Quarry LP now owns 3,993 shares of the bank's stock valued at $49,000 after purchasing an additional 2,884 shares during the period. GAMMA Investing LLC raised its position in shares of TFS Financial by 935.0% in the first quarter. GAMMA Investing LLC now owns 6,914 shares of the bank's stock valued at $86,000 after purchasing an additional 6,246 shares during the period. Finally, AlphaQuest LLC raised its position in shares of TFS Financial by 194.4% in the first quarter. AlphaQuest LLC now owns 7,921 shares of the bank's stock valued at $98,000 after purchasing an additional 5,230 shares during the period. 9.81% of the stock is currently owned by hedge funds and other institutional investors.

TFS Financial Stock Performance

Shares of NASDAQ TFSL traded down $0.09 during midday trading on Friday, hitting $13.37. The company's stock had a trading volume of 478,877 shares, compared to its average volume of 379,420. The stock has a fifty day moving average price of $13.23 and a 200 day moving average price of $12.93. TFS Financial Corporation has a one year low of $11.29 and a one year high of $14.99. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 2.59. The firm has a market capitalization of $3.75 billion, a price-to-earnings ratio of 46.11 and a beta of 0.74.

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

TFS Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 24th. Stockholders of record on Wednesday, September 10th will be given a $0.2825 dividend. The ex-dividend date of this dividend is Wednesday, September 10th. This represents a $1.13 annualized dividend and a dividend yield of 8.5%. TFS Financial's payout ratio is 389.66%.

Insider Buying and Selling

In related news, CEO Marc A. Stefanski sold 7,200 shares of the company's stock in a transaction that occurred on Friday, August 29th. The shares were sold at an average price of $14.17, for a total transaction of $102,024.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Daniel F. Weir sold 3,900 shares of the company's stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $13.37, for a total transaction of $52,143.00. Following the sale, the director directly owned 14,941 shares in the company, valued at $199,761.17. This trade represents a 20.70% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 38,100 shares of company stock valued at $516,267. Corporate 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.