Hennion & Walsh Asset Management Inc. lessened its stake in TFS Financial Co. (NASDAQ:TFSL – Free Report) by 14.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 49,995 shares of the bank’s stock after selling 8,266 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in TFS Financial were worth $631,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently made changes to their positions in TFSL. Advisor Group Holdings Inc. increased its holdings in shares of TFS Financial by 55.4% in the first quarter. Advisor Group Holdings Inc. now owns 14,909 shares of the bank’s stock valued at $247,000 after purchasing an additional 5,317 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of TFS Financial by 6.1% in the first quarter. JPMorgan Chase & Co. now owns 27,267 shares of the bank’s stock valued at $453,000 after purchasing an additional 1,561 shares during the last quarter. Raymond James Financial Services Advisors Inc. acquired a new stake in shares of TFS Financial in the first quarter valued at approximately $185,000. Bank of New York Mellon Corp increased its stake in TFS Financial by 3.1% during the first quarter. Bank of New York Mellon Corp now owns 1,323,694 shares of the bank’s stock worth $21,972,000 after acquiring an additional 39,260 shares during the last quarter. Finally, US Bancorp DE increased its stake in TFS Financial by 409.9% during the first quarter. US Bancorp DE now owns 14,441 shares of the bank’s stock worth $240,000 after acquiring an additional 11,609 shares during the last quarter. Institutional investors and hedge funds own 8.89% of the company’s stock.
Analyst Upgrades and Downgrades
Separately, StockNews.com raised TFS Financial to a “sell” rating in a research note on Monday, May 29th.
Insider Activity
TFS Financial Price Performance
TFSL stock opened at $12.60 on Friday. The business has a fifty day moving average of $12.05 and a two-hundred day moving average of $13.11. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 2.84. The stock has a market cap of $3.53 billion, a price-to-earnings ratio of 43.45 and a beta of 0.49. TFS Financial Co. has a 52-week low of $11.05 and a 52-week high of $15.70.
TFS Financial (NASDAQ:TFSL – Free Report) last issued its quarterly earnings data on Thursday, April 27th. The bank reported $0.06 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.06. TFS Financial had a return on equity of 4.40% and a net margin of 15.20%. The business had revenue of $74.60 million during the quarter, compared to analysts’ expectations of $77.20 million. As a group, research analysts anticipate that TFS Financial Co. will post 0.27 earnings per share for the current year.
TFS Financial Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 13th. Stockholders of record on Tuesday, May 30th were paid a $0.2825 dividend. The ex-dividend date was Friday, May 26th. This represents a $1.13 dividend on an annualized basis and a dividend yield of 8.97%. TFS Financial’s payout ratio is presently 389.67%.
TFS Financial Profile
TFS Financial Corporation, through its subsidiaries, provides retail consumer banking services in the United States. Its deposit products include savings, money market, checking, individual retirement, and other qualified plan accounts, as well as certificates of deposit. The company also provides residential real estate mortgage loans, residential construction loans, and home equity loans and lines of credit, as well as purchase mortgages and first mortgage refinance loans.
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