Schwab Charles Investment Management Inc. increased its stake in TFS Financial Co. (NASDAQ:TFSL) by 14.5% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 191,054 shares of the bank’s stock after purchasing an additional 24,218 shares during the quarter. Schwab Charles Investment Management Inc. owned approximately 0.07% of TFS Financial worth $2,855,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Sei Investments Co. lifted its holdings in TFS Financial by 12.9% in the 3rd quarter. Sei Investments Co. now owns 140,033 shares of the bank’s stock worth $2,259,000 after purchasing an additional 15,968 shares during the last quarter. California Public Employees Retirement System lifted its holdings in TFS Financial by 3.9% in the 3rd quarter. California Public Employees Retirement System now owns 128,407 shares of the bank’s stock worth $2,071,000 after purchasing an additional 4,807 shares during the last quarter. Aperio Group LLC lifted its holdings in TFS Financial by 61.2% in the 3rd quarter. Aperio Group LLC now owns 55,009 shares of the bank’s stock worth $887,000 after purchasing an additional 20,874 shares during the last quarter. Russell Investments Group Ltd. lifted its holdings in TFS Financial by 157.1% in the 3rd quarter. Russell Investments Group Ltd. now owns 39,172 shares of the bank’s stock worth $632,000 after purchasing an additional 23,934 shares during the last quarter. Finally, WealthTrust Fairport LLC lifted its holdings in TFS Financial by 18.2% in the 3rd quarter. WealthTrust Fairport LLC now owns 32,635 shares of the bank’s stock worth $526,000 after purchasing an additional 5,022 shares during the last quarter. Hedge funds and other institutional investors own 11.02% of the company’s stock.
Several equities research analysts recently weighed in on the company. BidaskClub upgraded TFS Financial from a “sell” rating to a “hold” rating in a report on Saturday, February 3rd. ValuEngine lowered TFS Financial from a “hold” rating to a “sell” rating in a report on Friday, February 2nd.
TFSL stock opened at $15.41 on Wednesday. TFS Financial Co. has a 1-year low of $14.32 and a 1-year high of $17.47. The company has a market capitalization of $4,339.29, a P/E ratio of 49.71 and a beta of 0.42. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 2.21.
TFS Financial (NASDAQ:TFSL) last issued its quarterly earnings results on Tuesday, January 30th. The bank reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.01. TFS Financial had a return on equity of 5.54% and a net margin of 20.32%. The company had revenue of $69.99 million during the quarter, compared to analyst estimates of $70.60 million. During the same period in the previous year, the company earned $0.07 earnings per share. The company’s quarterly revenue was up 2.6% compared to the same quarter last year. equities research analysts anticipate that TFS Financial Co. will post 0.37 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, March 19th. Stockholders of record on Monday, March 5th were issued a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, March 2nd. This represents a $0.68 dividend on an annualized basis and a dividend yield of 4.41%. TFS Financial’s dividend payout ratio (DPR) is presently 219.35%.
In other TFS Financial news, COO Meredith S. Weil purchased 5,330 shares of the business’s stock in a transaction dated Monday, March 5th. The stock was bought at an average cost of $14.99 per share, for a total transaction of $79,896.70. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Ben S. Stefanski III sold 26,600 shares of the business’s stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $15.10, for a total value of $401,660.00. Following the sale, the director now owns 48,700 shares in the company, valued at $735,370. The disclosure for this sale can be found here. 1.60% of the stock is owned by insiders.
TFS Financial Profile
TFS Financial Corporation is the holding company of Third Federal Savings and Loan Association of Cleveland (Association). The Association is a savings and loan association. The Association’s principal business consists of originating and servicing residential real estate mortgage loans and attracting retail savings deposits.
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