Dynamic Technology Lab Private Ltd reduced its stake in shares of TFS Financial Corp. (NASDAQ:TFSL) by 45.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,632 shares of the company’s stock after selling 18,105 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in TFS Financial Corp. were worth $372,000 as of its most recent SEC filing.
A number of other hedge funds have also added to or reduced their stakes in the stock. Legal & General Group Plc increased its position in TFS Financial Corp. by 40.7% in the first quarter. Legal & General Group Plc now owns 7,202 shares of the company’s stock valued at $125,000 after buying an additional 2,082 shares during the last quarter. BlackRock Inc. increased its position in TFS Financial Corp. by 215.5% in the first quarter. BlackRock Inc. now owns 7,633 shares of the company’s stock valued at $133,000 after buying an additional 5,214 shares during the last quarter. Huntington Asset Advisors Inc. purchased a new position in TFS Financial Corp. during the first quarter valued at approximately $150,000. Quantbot Technologies LP increased its position in TFS Financial Corp. by 1,390.0% in the second quarter. Quantbot Technologies LP now owns 11,324 shares of the company’s stock valued at $194,000 after buying an additional 10,564 shares during the last quarter. Finally, Royal Bank of Canada increased its position in TFS Financial Corp. by 481.3% in the first quarter. Royal Bank of Canada now owns 15,649 shares of the company’s stock valued at $271,000 after buying an additional 12,957 shares during the last quarter. Hedge funds and other institutional investors own 11.75% of the company’s stock.
Shares of TFS Financial Corp. (NASDAQ:TFSL) opened at 17.91 on Monday. The firm has a market cap of $5.02 billion, a P/E ratio of 63.96 and a beta of 0.70. TFS Financial Corp. has a 12 month low of $15.58 and a 12 month high of $19.42. The company’s 50-day moving average price is $18.10 and its 200-day moving average price is $17.82.
TFS Financial Corp. (NASDAQ:TFSL) last released its quarterly earnings results on Thursday, July 28th. The company reported $0.07 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.07. TFS Financial Corp. had a return on equity of 4.75% and a net margin of 19.59%. During the same quarter in the prior year, the company posted $0.06 earnings per share. On average, analysts predict that TFS Financial Corp. will post $0.27 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, September 19th. Shareholders of record on Tuesday, September 6th were paid a dividend of $0.125 per share. The ex-dividend date was Thursday, September 1st. This represents a $0.50 dividend on an annualized basis and a yield of 2.78%. This is an increase from TFS Financial Corp.’s previous quarterly dividend of $0.10. TFS Financial Corp.’s payout ratio is 178.57%.
Separately, Piper Jaffray Cos. reduced their price target on TFS Financial Corp. from $21.00 to $19.00 and set an “overweight” rating on the stock in a research report on Wednesday, June 15th.
In other TFS Financial Corp. news, Chairman Marc A. Stefanski sold 55,676 shares of TFS Financial Corp. stock in a transaction that occurred on Thursday, August 4th. The shares were sold at an average price of $18.08, for a total transaction of $1,006,622.08. Following the transaction, the chairman now owns 300,000 shares of the company’s stock, valued at approximately $5,424,000. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO David S. Huffman sold 6,119 shares of TFS Financial Corp. stock in a transaction that occurred on Monday, August 8th. The stock was sold at an average price of $18.43, for a total transaction of $112,773.17. Following the transaction, the chief financial officer now directly owns 31,221 shares in the company, valued at approximately $575,403.03. The disclosure for this sale can be found here. Company insiders own 1.69% of the company’s stock.
TFS Financial Corp. Company Profile
TFS Financial Corporation is a savings and loan holding company. The Company is a stock holding company, which conducts its principal activities through its subsidiaries. The principal line of business of the Company is retail consumer banking, including mortgage lending, deposit gathering and other insignificant financial services.
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