Millennium Management LLC Has $127,000 Holdings in TFS Financial Corporation (NASDAQ:TFSL)

Millennium Management LLC cut its position in TFS Financial Corporation (NASDAQ:TFSL - Free Report) by 71.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,138 shares of the bank's stock after selling 25,485 shares during the quarter. Millennium Management LLC's holdings in TFS Financial were worth $127,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. Bank of America Corp DE lifted its holdings in shares of TFS Financial by 39.7% during 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. Norges Bank acquired a new position in TFS Financial during the 4th quarter valued at $4,689,000. Ameriprise Financial Inc. bought a new stake in TFS Financial in the 4th quarter valued at $126,000. Vanguard Group Inc. boosted its holdings in TFS Financial by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 5,280,564 shares of the bank's stock valued at $66,324,000 after purchasing an additional 76,919 shares during the period. Finally, Deutsche Bank AG acquired a new stake in TFS Financial in the 4th quarter worth $47,000. Institutional investors own 9.81% of the company's stock.

Insider Activity at TFS Financial

In other TFS Financial news, Director Anthony J. Asher sold 59,507 shares of the business's stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $13.40, for a total value of $797,393.80. Following the sale, the director now owns 100 shares of the company's stock, valued at $1,340. The trade was a 99.83% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, 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 sale, the insider now owns 32,766 shares in the company, valued at approximately $441,358.02. This trade represents a 9.66% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 84,012 shares of company stock worth $1,128,466. 0.95% of the stock is owned by corporate insiders.

TFS Financial Stock Performance

Shares of NASDAQ:TFSL traded down $0.10 on Tuesday, hitting $12.57. 279,556 shares of the company were exchanged, compared to its average volume of 292,342. The company's 50 day moving average price is $12.98 and its two-hundred day moving average price is $12.87. The firm has a market capitalization of $3.53 billion, a price-to-earnings ratio of 44.89 and a beta of 0.74. The company has a debt-to-equity ratio of 2.42, a quick ratio of 1.51 and a current ratio of 1.51. TFS Financial Corporation has a one year low of $11.29 and a one year high of $15.00.

TFS Financial (NASDAQ:TFSL - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The bank reported $0.07 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.07. TFS Financial had a return on equity of 4.30% and a net margin of 10.57%. The firm had revenue of $79.12 million for the quarter, compared to analyst estimates of $69.42 million. Research analysts expect that TFS Financial Corporation will post 0.29 earnings per share for the current year.

TFS Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 24th. Investors of record on Tuesday, June 10th will be paid a $0.2825 dividend. The ex-dividend date is Tuesday, June 10th. This represents a $1.13 dividend on an annualized basis and a dividend yield of 8.99%. TFS Financial's payout ratio is 403.57%.

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.