TFS Financial Corporation (NASDAQ:TFSL) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp decreased its stake in shares of TFS Financial Corporation (NASDAQ:TFSL - Free Report) by 2.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,494,719 shares of the bank's stock after selling 33,822 shares during the period. Bank of New York Mellon Corp owned approximately 0.53% of TFS Financial worth $18,520,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Oppenheimer Asset Management Inc. boosted its holdings in shares of TFS Financial by 27.8% during the first quarter. Oppenheimer Asset Management Inc. now owns 32,721 shares of the bank's stock worth $405,000 after purchasing an additional 7,122 shares during the period. GAMMA Investing LLC increased its position in TFS Financial by 935.0% during the first quarter. GAMMA Investing LLC now owns 6,914 shares of the bank's stock worth $86,000 after acquiring an additional 6,246 shares during the period. Public Employees Retirement System of Ohio bought a new stake in TFS Financial in the 4th quarter valued at $218,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in TFS Financial by 7.7% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 177,841 shares of the bank's stock valued at $2,234,000 after buying an additional 12,689 shares during the period. Finally, Squarepoint Ops LLC increased its holdings in TFS Financial by 10.4% in the 4th quarter. Squarepoint Ops LLC now owns 95,996 shares of the bank's stock valued at $1,206,000 after buying an additional 9,036 shares during the period. Institutional investors and hedge funds own 9.81% of the company's stock.

TFS Financial Price Performance

NASDAQ TFSL traded up $0.02 on Friday, hitting $13.06. 298,417 shares of the company were exchanged, compared to its average volume of 303,122. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 2.42. TFS Financial Corporation has a 1-year low of $11.29 and a 1-year high of $15.00. The company has a market cap of $3.67 billion, a P/E ratio of 46.64 and a beta of 0.74. The firm has a 50 day moving average of $13.12 and a two-hundred day moving average of $12.86.

TFS Financial (NASDAQ:TFSL - Get Free Report) last posted its earnings results on Wednesday, April 30th. The bank reported $0.07 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.07. The business had revenue of $79.12 million during the quarter, compared to analysts' expectations of $69.42 million. TFS Financial had a return on equity of 4.30% and a net margin of 10.57%. On average, equities analysts predict that TFS Financial Corporation will post 0.29 EPS for the current year.

TFS Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 24th. Shareholders of record on Tuesday, June 10th were given a $0.2825 dividend. This represents a $1.13 dividend on an annualized basis and a yield of 8.65%. The ex-dividend date was Tuesday, June 10th. TFS Financial's dividend payout ratio is presently 403.57%.

Insider Transactions at TFS Financial

In other news, insider Andrew J. Rubino sold 6,000 shares of the business's stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $13.61, for a total transaction of $81,660.00. Following the completion of the sale, the insider owned 24,126 shares in the company, valued at $328,354.86. The trade was a 19.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Meredith S. Weil sold 15,000 shares of the stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $13.48, for a total value of $202,200.00. Following the transaction, the chief financial officer owned 78,527 shares of the company's stock, valued at $1,058,543.96. The trade was a 16.04% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 84,012 shares of company stock valued at $1,128,466. Company insiders own 0.95% of the company's stock.

TFS Financial Company 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.