BNP Paribas Arbitrage SA boosted its stake in TFS Financial Corp. (NASDAQ:TFSL) by 27.1% during the third quarter, Holdings Channel reports. The firm owned 6,371 shares of the company’s stock after buying an additional 1,359 shares during the period. BNP Paribas Arbitrage SA’s holdings in TFS Financial Corp. were worth $113,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Pacer Advisors Inc. increased its position in TFS Financial Corp. by 502.4% in the second quarter. Pacer Advisors Inc. now owns 7,283 shares of the company’s stock valued at $126,000 after buying an additional 6,074 shares during the period. Legal & General Group Plc increased its position in TFS Financial Corp. by 2.8% in the second quarter. Legal & General Group Plc now owns 7,405 shares of the company’s stock valued at $127,000 after buying an additional 203 shares during the period. 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 period. Huntington Asset Advisors Inc. purchased a new position in TFS Financial Corp. during the first quarter valued at about $150,000. Finally, 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 period. 11.75% of the stock is owned by institutional investors and hedge funds.
TFS Financial Corp. (NASDAQ:TFSL) opened at 17.87 on Friday. The firm has a market cap of $5.01 billion, a P/E ratio of 63.82 and a beta of 0.65. The company has a 50-day moving average of $17.84 and a 200 day moving average of $17.88. TFS Financial Corp. has a 52 week low of $15.58 and a 52 week high of $19.42.
TFS Financial Corp. (NASDAQ:TFSL) last issued its quarterly earnings data on Thursday, July 28th. The company reported $0.07 EPS for the quarter, hitting the Zacks’ consensus estimate 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, equities analysts predict that TFS Financial Corp. will post $0.27 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, September 19th. Stockholders of record on Tuesday, September 6th were paid a $0.125 dividend. This is a boost from TFS Financial Corp.’s previous quarterly dividend of $0.10. The ex-dividend date was Thursday, September 1st. This represents a $0.50 annualized dividend and a dividend yield of 2.80%. TFS Financial Corp.’s dividend payout ratio is presently 178.57%.
Separately, Piper Jaffray Cos. downgraded shares of TFS Financial Corp. from an “overweight” rating to a “neutral” rating and set a $19.00 target price for the company. in a research note on Friday, August 19th. They noted that the move was a valuation call.
In other news, CFO David S. Huffman sold 6,119 shares of the stock in a transaction on Monday, August 8th. The stock was sold at an average price of $18.43, for a total value of $112,773.17. Following the completion of the transaction, the chief financial officer now owns 31,221 shares of the company’s stock, valued at $575,403.03. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Chairman Marc A. Stefanski sold 55,676 shares of the stock in a transaction on Thursday, August 4th. The stock was sold at an average price of $18.08, for a total value of $1,006,622.08. Following the completion of the transaction, the chairman now directly owns 300,000 shares of the company’s stock, valued at approximately $5,424,000. The disclosure for this sale can be found here. 1.69% of the stock is owned by insiders.
About TFS Financial Corp.
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.
Want to see what other hedge funds are holding TFSL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TFS Financial Corp. (NASDAQ:TFSL).
Receive News & Ratings for TFS Financial Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TFS Financial Corp. and related companies with MarketBeat.com's FREE daily email newsletter.