Bank of New York Mellon Corp Has $18.52 Million Stock Holdings in TFS Financial Corporation (NASDAQ:TFSL)

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

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Aquatic Capital Management LLC acquired a new stake in TFS Financial in the fourth quarter valued at approximately $43,000. Ancora Advisors LLC boosted its stake in shares of TFS Financial by 128.8% during the 4th quarter. Ancora Advisors LLC now owns 3,553 shares of the bank's stock valued at $45,000 after buying an additional 2,000 shares during the last quarter. Deutsche Bank AG purchased a new position in shares of TFS Financial during the 4th quarter valued at approximately $47,000. Russell Investments Group Ltd. boosted its stake in shares of TFS Financial by 78.4% during the 4th quarter. Russell Investments Group Ltd. now owns 4,122 shares of the bank's stock valued at $52,000 after buying an additional 1,811 shares during the last quarter. Finally, GAMMA Investing LLC boosted its stake in shares of TFS Financial by 935.0% during the 1st quarter. GAMMA Investing LLC now owns 6,914 shares of the bank's stock valued at $86,000 after buying an additional 6,246 shares during the last quarter. Institutional investors and hedge funds own 9.81% of the company's stock.

Insider Buying and Selling

In other news, insider Gavin B. Stefanski sold 3,505 shares of the stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $13.47, for a total value of $47,212.35. Following the completion of the sale, the insider directly owned 32,766 shares of the company's stock, valued at $441,358.02. This represents a 9.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Meredith S. Weil sold 15,000 shares of the business's stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $13.48, for a total value of $202,200.00. Following the completion of the transaction, the chief financial officer owned 78,527 shares in the company, valued at $1,058,543.96. This trade represents a 16.04% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 84,012 shares of company stock worth $1,128,466. Company insiders own 0.95% of the company's stock.

TFS Financial Price Performance

TFSL remained flat at $13.03 during trading hours on Tuesday. The company had a trading volume of 298,875 shares, compared to its average volume of 303,138. The stock has a 50 day simple moving average of $13.12 and a 200-day simple moving average of $12.86. TFS Financial Corporation has a 52-week low of $11.29 and a 52-week high of $15.00. The firm has a market capitalization of $3.66 billion, a PE ratio of 46.54 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 (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, meeting analysts' consensus estimates of $0.07. The company had revenue of $79.12 million for 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%. Sell-side analysts expect that TFS Financial Corporation will post 0.29 EPS for the current year.

TFS Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 24th. Investors of record on Tuesday, June 10th were issued a dividend of $0.2825 per share. This represents a $1.13 dividend on an annualized basis and a yield of 8.67%. The ex-dividend date was Tuesday, June 10th. TFS Financial's payout ratio is currently 403.57%.

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.