Vanguard Group Inc. Decreases Position in TFS Financial Corporation $TFSL

Key Points

• Vanguard Group Inc. reduced its stake in TFS Financial Corporation by 0.7%, now holding 5,246,210 shares valued at approximately $65 million.
• Insider transactions included Director Anthony J. Asher purchasing 37,675 shares for nearly $500,000, while Director Barbara J. Anderson sold 12,000 shares.
• TFS Financial's stock increased by 1.1%, reaching $14.04, with a recent quarterly dividend yield of 8.0% despite a high dividend payout ratio of 389.66%.

Vanguard Group Inc. decreased its stake in shares of TFS Financial Corporation (NASDAQ:TFSL - Free Report) by 0.7% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 5,246,210 shares of the bank's stock after selling 34,354 shares during the quarter. Vanguard Group Inc. owned about 1.87% of TFS Financial worth $65,001,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. HB Wealth Management LLC purchased a new position in TFS Financial during the first quarter worth approximately $124,000. Cetera Investment Advisers grew its position in TFS Financial by 2.8% in the first quarter. Cetera Investment Advisers now owns 31,137 shares of the bank's stock worth $386,000 after acquiring an additional 837 shares during the period. Nisa Investment Advisors LLC grew its position in TFS Financial by 139.1% in the first quarter. Nisa Investment Advisors LLC now owns 11,000 shares of the bank's stock worth $136,000 after acquiring an additional 6,400 shares during the period. Oppenheimer Asset Management Inc. grew its position in TFS Financial by 27.8% in the first quarter. Oppenheimer Asset Management Inc. now owns 32,721 shares of the bank's stock worth $405,000 after acquiring an additional 7,122 shares during the period. Finally, GAMMA Investing LLC grew its position in TFS Financial by 935.0% in 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. Hedge funds and other institutional investors own 9.81% of the company's stock.

TFS Financial Trading Down 1.2%

TFS Financial stock traded down $0.17 during mid-day trading on Friday, hitting $14.06. The company's stock had a trading volume of 391,052 shares, compared to its average volume of 351,188. The firm has a market capitalization of $3.95 billion, a PE ratio of 48.48 and a beta of 0.75. TFS Financial Corporation has a 1 year low of $11.29 and a 1 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 stock's fifty day moving average is $13.12 and its two-hundred day moving average is $12.92.

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

TFS Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 24th. Stockholders of record on Wednesday, September 10th will be paid a $0.2825 dividend. This represents a $1.13 dividend on an annualized basis and a dividend yield of 8.0%. The ex-dividend date of this dividend is Wednesday, September 10th. TFS Financial's payout ratio is 389.66%.

Insider Buying and Selling

In other TFS Financial news, Director Barbara J. Anderson sold 12,000 shares of the business's stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $13.05, for a total value of $156,600.00. Following the sale, the director owned 2,100 shares of the company's stock, valued at $27,405. The trade was a 85.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Anthony J. Asher bought 37,675 shares of the business's stock in a transaction on Thursday, August 21st. The stock was purchased at an average cost of $13.26 per share, for a total transaction of $499,570.50. Following the transaction, the director owned 37,675 shares of the company's stock, valued at $499,570.50. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.95% of the stock is currently owned by insiders.

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.