Alaska Permanent Fund Corp Decreases Holdings in TFS Financial Co. (NASDAQ:TFSL)

Alaska Permanent Fund Corp lowered its position in shares of TFS Financial Co. (NASDAQ:TFSL - Free Report) by 34.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 178,746 shares of the bank's stock after selling 92,949 shares during the quarter. Alaska Permanent Fund Corp owned approximately 0.06% of TFS Financial worth $2,626,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Brandywine Global Investment Management LLC increased its holdings in shares of TFS Financial by 35.3% in the third quarter. Brandywine Global Investment Management LLC now owns 433,756 shares of the bank's stock valued at $5,127,000 after purchasing an additional 113,191 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of TFS Financial by 0.6% in the third quarter. Vanguard Group Inc. now owns 5,270,541 shares of the bank's stock valued at $62,298,000 after purchasing an additional 31,130 shares during the last quarter. Swiss National Bank increased its holdings in shares of TFS Financial by 1.8% in the third quarter. Swiss National Bank now owns 123,200 shares of the bank's stock valued at $1,456,000 after purchasing an additional 2,200 shares during the last quarter. Panagora Asset Management Inc. increased its holdings in shares of TFS Financial by 19.6% in the third quarter. Panagora Asset Management Inc. now owns 36,880 shares of the bank's stock valued at $436,000 after purchasing an additional 6,044 shares during the last quarter. Finally, Quent Capital LLC increased its holdings in shares of TFS Financial by 228.8% in the fourth quarter. Quent Capital LLC now owns 2,055 shares of the bank's stock valued at $30,000 after purchasing an additional 1,430 shares during the last quarter. Institutional investors and hedge funds own 9.81% of the company's stock.

Analysts Set New Price Targets

Separately, Piper Sandler assumed coverage on TFS Financial in a report on Friday, February 23rd. They issued a "neutral" rating and a $14.00 price target for the company.

Insiders Place Their Bets

In other TFS Financial news, insider Bradley T. Stefanski sold 6,269 shares of the firm's stock in a transaction on Friday, March 8th. The stock was sold at an average price of $12.76, for a total transaction of $79,992.44. Following the completion of the sale, the insider now owns 51,709 shares of the company's stock, valued at $659,806.84. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, Director Daniel F. Weir sold 10,500 shares of the firm's stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $12.90, for a total transaction of $135,450.00. Following the completion of the transaction, the director now directly owns 14,305 shares in the company, valued at $184,534.50. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Bradley T. Stefanski sold 6,269 shares of TFS Financial stock in a transaction on Friday, March 8th. The shares were sold at an average price of $12.76, for a total value of $79,992.44. Following the completion of the transaction, the insider now owns 51,709 shares of the company's stock, valued at $659,806.84. The disclosure for this sale can be found here. Insiders sold a total of 20,218 shares of company stock valued at $259,383 over the last quarter. 1.13% of the stock is owned by insiders.

TFS Financial Price Performance

Shares of NASDAQ:TFSL traded down $0.07 during midday trading on Thursday, hitting $12.24. The company had a trading volume of 211,661 shares, compared to its average volume of 284,766. The business's 50-day simple moving average is $12.51 and its 200-day simple moving average is $13.04. The company has a debt-to-equity ratio of 2.69, a current ratio of 1.58 and a quick ratio of 1.58. The stock has a market cap of $3.44 billion, a price-to-earnings ratio of 47.08 and a beta of 0.64. TFS Financial Co. has a twelve month low of $10.97 and a twelve month high of $15.25.

TFS Financial (NASDAQ:TFSL - Get Free Report) last posted its earnings results on Tuesday, January 30th. The bank reported $0.07 earnings per share (EPS) for the quarter. The company had revenue of $75.41 million during the quarter. TFS Financial had a return on equity of 3.93% and a net margin of 10.97%.

TFS Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Thursday, March 7th were paid a dividend of $0.2825 per share. The ex-dividend date of this dividend was Wednesday, March 6th. This represents a $1.13 annualized dividend and a yield of 9.23%. TFS Financial's dividend payout ratio (DPR) is 434.63%.

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.