Aperio Group LLC bought a new stake in TCF Financial Co. (NYSE:TCF) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 64,059 shares of the bank’s stock, valued at approximately $1,313,000.
A number of other large investors have also recently bought and sold shares of TCF. Schwab Charles Investment Management Inc. purchased a new stake in shares of TCF Financial in the 3rd quarter valued at approximately $18,682,000. JPMorgan Chase & Co. raised its stake in shares of TCF Financial by 12.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 6,274,734 shares of the bank’s stock valued at $106,545,000 after acquiring an additional 676,834 shares during the period. Prudential Financial Inc. raised its stake in shares of TCF Financial by 110.0% in the 3rd quarter. Prudential Financial Inc. now owns 1,287,685 shares of the bank’s stock valued at $21,942,000 after acquiring an additional 674,360 shares during the period. Carlson Capital Management purchased a new stake in shares of TCF Financial in the 4th quarter valued at approximately $2,385,000. Finally, Disciplined Growth Investors Inc. MN purchased a new stake in shares of TCF Financial in the 3rd quarter valued at approximately $30,950,000. Institutional investors own 79.11% of the company’s stock.
In other TCF Financial news, Director Peter Bell sold 15,000 shares of the stock in a transaction that occurred on Wednesday, December 13th. The shares were sold at an average price of $20.53, for a total value of $307,950.00. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 2.50% of the company’s stock.
Shares of TCF Financial Co. (NYSE TCF) opened at $22.45 on Friday. TCF Financial Co. has a 52 week low of $14.58 and a 52 week high of $22.69. The firm has a market cap of $3,850.00, a P/E ratio of 19.87, a P/E/G ratio of 1.58 and a beta of 1.21. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.47.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Thursday, February 15th will be given a $0.15 dividend. The ex-dividend date is Wednesday, February 14th. This is an increase from TCF Financial’s previous quarterly dividend of $0.08. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.67%. TCF Financial’s dividend payout ratio is currently 53.10%.
A number of equities research analysts have recently issued reports on the stock. BMO Capital Markets raised shares of TCF Financial from a “market perform” rating to an “outperform” rating and set a $26.00 price target on the stock in a research note on Friday, February 9th. Jefferies Group reaffirmed a “hold” rating on shares of TCF Financial in a research note on Thursday, February 1st. Morgan Stanley upped their target price on shares of TCF Financial from $21.50 to $22.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 1st. DA Davidson raised shares of TCF Financial from a “neutral” rating to a “buy” rating in a research note on Tuesday, October 31st. Finally, Zacks Investment Research downgraded shares of TCF Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, February 13th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $21.58.
TCF Financial Company Profile
TCF Financial Corporation (TCF) is a bank holding company. The Company’s principal subsidiary is TCF National Bank (TCF Bank). The Company operates in three segments: Consumer Banking, Wholesale Banking and Enterprise Services. Consumer Banking comprises all of the Company’s consumer-facing businesses.
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