Martingale Asset Management L P lowered its stake in shares of TFS Financial Co. (NASDAQ:TFSL) by 11.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 250,916 shares of the bank’s stock after selling 33,400 shares during the period. Martingale Asset Management L P owned 0.09% of TFS Financial worth $4,171,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in the stock. Russell Investments Group Ltd. acquired a new position in TFS Financial during the fourth quarter valued at about $316,000. FMR LLC raised its position in TFS Financial by 48.9% in the fourth quarter. FMR LLC now owns 2,002,762 shares of the bank’s stock valued at $38,132,000 after buying an additional 658,172 shares during the last quarter. GSA Capital Partners LLP raised its position in TFS Financial by 38.5% in the fourth quarter. GSA Capital Partners LLP now owns 17,059 shares of the bank’s stock valued at $325,000 after buying an additional 4,746 shares during the last quarter. Norges Bank acquired a new position in TFS Financial during the fourth quarter valued at about $18,738,000. Finally, TIAA CREF Investment Management LLC raised its position in TFS Financial by 1.6% in the third quarter. TIAA CREF Investment Management LLC now owns 285,939 shares of the bank’s stock valued at $5,093,000 after buying an additional 4,637 shares during the last quarter. Hedge funds and other institutional investors own 11.59% of the company’s stock.
TFS Financial Co. (NASDAQ TFSL) traded down 1.25% during trading on Friday, hitting $15.81. 280,864 shares of the stock traded hands. The firm has a 50-day moving average price of $16.42 and a 200 day moving average price of $17.53. TFS Financial Co. has a 12 month low of $15.59 and a 12 month high of $19.89. The firm has a market cap of $4.39 billion, a PE ratio of 52.70 and a beta of 0.56.
TFS Financial (NASDAQ:TFSL) last released its quarterly earnings data on Friday, April 28th. The bank reported $0.08 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.07 by $0.01. The firm had revenue of $70.30 million for the quarter, compared to the consensus estimate of $68.57 million. TFS Financial had a net margin of 19.86% and a return on equity of 4.92%. The company’s quarterly revenue was up 3.7% on a year-over-year basis. During the same period last year, the firm earned $0.07 earnings per share. On average, equities analysts forecast that TFS Financial Co. will post $0.30 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, June 23rd. Shareholders of record on Friday, June 9th will be paid a $0.125 dividend. The ex-dividend date is Wednesday, June 7th. This represents a $0.50 annualized dividend and a yield of 3.16%. TFS Financial’s dividend payout ratio (DPR) is 172.42%.
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Separately, TheStreet lowered shares of TFS Financial from a “b” rating to a “c+” rating in a report on Wednesday, February 8th.
In other TFS Financial news, Director Anthony J. Asher sold 22,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 16th. The shares were sold at an average price of $16.42, for a total value of $361,240.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.39% of the stock is owned by company insiders.
About TFS Financial
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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