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

A number of other large investors have also recently made changes to their positions in TFSL. Bank of America Corp DE boosted its stake in TFS Financial by 39.7% during the fourth 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 during the period. Ameriprise Financial Inc. bought a new stake in TFS Financial during the fourth quarter worth about $126,000. Nisa Investment Advisors LLC lifted its stake in TFS Financial by 139.1% during the first quarter. Nisa Investment Advisors LLC now owns 11,000 shares of the bank's stock worth $136,000 after purchasing an additional 6,400 shares during the last quarter. Nuveen LLC bought a new stake in TFS Financial during the first quarter worth about $2,341,000. Finally, Deutsche Bank AG bought a new stake in TFS Financial during the fourth quarter worth about $47,000. 9.81% of the stock is owned by institutional investors.

TFS Financial Price Performance

TFSL stock traded down $0.04 during mid-day trading on Monday, hitting $13.33. 61,506 shares of the stock were exchanged, compared to its average volume of 338,403. 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 business 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 12 month low of $11.29 and a 12 month high of $14.99. The stock has a market capitalization of $3.74 billion, a price-to-earnings ratio of 45.95 and a beta of 0.74.

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 the consensus estimate of $0.08. TFS Financial had a return on equity of 4.40% and a net margin of 10.67%.The firm had revenue of $82.04 million during the quarter, compared to analyst estimates of $80.30 million. On average, sell-side analysts anticipate that TFS Financial Corporation will post 0.29 EPS for the current year.

TFS Financial Announces Dividend

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

Insider Activity

In other news, CFO Meredith S. Weil sold 15,000 shares of TFS Financial stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $13.70, for a total value of $205,500.00. Following the transaction, the chief financial officer owned 63,527 shares in the company, valued at approximately $870,319.90. The trade was a 19.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Marc A. Stefanski sold 7,200 shares of TFS Financial stock in a transaction dated Friday, August 29th. The stock was sold at an average price of $14.17, for a total value of $102,024.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 38,100 shares of company stock valued at $516,267. 0.95% of the stock is 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.