Teacher Retirement System of Texas acquired a new stake in TFS Financial Co. (NASDAQ:TFSL) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 19,397 shares of the bank’s stock, valued at approximately $290,000.
Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Aperio Group LLC raised its holdings in shares of TFS Financial by 21.6% in the 4th quarter. Aperio Group LLC now owns 66,917 shares of the bank’s stock valued at $1,000,000 after purchasing an additional 11,908 shares in the last quarter. Schwab Charles Investment Management Inc. raised its holdings in shares of TFS Financial by 14.5% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 191,054 shares of the bank’s stock valued at $2,855,000 after purchasing an additional 24,218 shares in the last quarter. Susquehanna International Group LLP acquired a new stake in shares of TFS Financial in the 3rd quarter valued at $172,000. WealthTrust Fairport LLC raised its holdings in shares of TFS Financial by 18.2% in the 3rd quarter. WealthTrust Fairport LLC now owns 32,635 shares of the bank’s stock valued at $526,000 after purchasing an additional 5,022 shares in the last quarter. Finally, California Public Employees Retirement System raised its holdings in shares of TFS Financial by 3.9% in the 3rd quarter. California Public Employees Retirement System now owns 128,407 shares of the bank’s stock valued at $2,071,000 after purchasing an additional 4,807 shares in the last quarter. Institutional investors and hedge funds own 11.02% of the company’s stock.
In other TFS Financial news, Director Ben S. Stefanski III sold 26,600 shares of the firm’s stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $15.10, for a total transaction of $401,660.00. Following the transaction, the director now directly owns 48,700 shares of the company’s stock, valued at approximately $735,370. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Meredith S. Weil acquired 5,330 shares of the stock in a transaction on Monday, March 5th. The shares were acquired at an average cost of $14.99 per share, for a total transaction of $79,896.70. The disclosure for this purchase can be found here. Company insiders own 1.60% of the company’s stock.
TFS Financial (NASDAQ:TFSL) last posted its earnings results on Tuesday, January 30th. The bank reported $0.09 EPS for the quarter, beating the Zacks’ consensus estimate of $0.08 by $0.01. The firm had revenue of $69.99 million for the quarter, compared to the consensus estimate of $70.60 million. TFS Financial had a net margin of 20.32% and a return on equity of 5.54%. The company’s revenue was up 2.6% on a year-over-year basis. During the same period last year, the firm posted $0.07 EPS. research analysts predict that TFS Financial Co. will post 0.37 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Monday, March 19th. Investors of record on Monday, March 5th were given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 4.69%. The ex-dividend date was Friday, March 2nd. TFS Financial’s dividend payout ratio (DPR) is 219.35%.
TFSL has been the topic of a number of analyst reports. BidaskClub lowered shares of TFS Financial from a “hold” rating to a “sell” rating in a report on Saturday, December 16th. ValuEngine downgraded shares of TFS Financial from a “hold” rating to a “sell” rating in a research report on Sunday, December 31st.
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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