Schwab Charles Investment Management Inc. raised its position in shares of TCF Financial Co. (NYSE:TCB) by 3.8% during the first quarter, Holdings Channel reports. The institutional investor owned 1,870,225 shares of the company’s stock after buying an additional 68,784 shares during the period. Schwab Charles Investment Management Inc. owned about 1.11% of TCF Financial worth $31,832,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Victory Capital Management Inc. increased its position in TCF Financial by 17.0% in the first quarter. Victory Capital Management Inc. now owns 7,784 shares of the company’s stock worth $132,000 after buying an additional 1,132 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. increased its position in TCF Financial by 12.3% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 9,055 shares of the company’s stock worth $177,000 after buying an additional 992 shares in the last quarter. Elkfork Partners LLC acquired a new position in TCF Financial during the fourth quarter worth about $183,000. Neuburgh Advisers LLC increased its position in TCF Financial by 75.4% in the first quarter. Neuburgh Advisers LLC now owns 9,376 shares of the company’s stock worth $160,000 after buying an additional 4,032 shares in the last quarter. Finally, World Asset Management Inc increased its position in TCF Financial by 0.5% in the first quarter. World Asset Management Inc now owns 10,329 shares of the company’s stock worth $176,000 after buying an additional 54 shares in the last quarter.
TCF Financial Co. (NYSE TCB) remained flat at $16.86 on Tuesday. TCF Financial Co. has a 52-week low of $11.72 and a 52-week high of $20.03. The firm has a 50-day moving average of $16.66 and a 200 day moving average of $17.23.
Separately, Morgan Stanley restated an “equal weight” rating and set a $16.50 target price (down from $18.00) on shares of TCF Financial in a research report on Monday, June 5th.
About TCF Financial
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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