Emerald Acquisition Ltd. purchased a new position in shares of TFS Financial Corp. (NASDAQ:TFSL) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 73,393 shares of the company’s stock, valued at approximately $1,264,000.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Legal & General Group Plc raised its position in shares of TFS Financial Corp. by 40.7% in the first quarter. Legal & General Group Plc now owns 7,202 shares of the company’s stock worth $125,000 after buying an additional 2,082 shares during the period. BlackRock Inc. raised its position in shares of TFS Financial Corp. by 215.5% in the first quarter. BlackRock Inc. now owns 7,633 shares of the company’s stock worth $133,000 after buying an additional 5,214 shares during the last quarter. Huntington Asset Advisors Inc. acquired a new position in shares of TFS Financial Corp. during the first quarter worth about $150,000. Quantbot Technologies LP raised its position in shares of TFS Financial Corp. by 1,390.0% in the second quarter. Quantbot Technologies LP now owns 11,324 shares of the company’s stock worth $194,000 after buying an additional 10,564 shares during the last quarter. Finally, Royal Bank of Canada raised its position in shares of TFS Financial Corp. by 481.3% in the first quarter. Royal Bank of Canada now owns 15,649 shares of the company’s stock worth $271,000 after buying an additional 12,957 shares during the last quarter. Institutional investors and hedge funds own 11.75% of the company’s stock.
Shares of TFS Financial Corp. (NASDAQ:TFSL) traded down 0.28% on Friday, hitting $17.81. 48,886 shares of the company’s stock were exchanged. The firm has a market cap of $4.99 billion, a P/E ratio of 63.61 and a beta of 0.65. TFS Financial Corp. has a 12 month low of $15.58 and a 12 month high of $19.42. The stock’s 50 day moving average is $17.94 and its 200 day moving average is $17.87.
TFS Financial Corp. (NASDAQ:TFSL) last issued its quarterly earnings data on Thursday, July 28th. The company reported $0.07 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.07. TFS Financial Corp. had a net margin of 19.59% and a return on equity of 4.75%. During the same quarter in the previous year, the company earned $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 company also recently declared a quarterly dividend, which was paid on Monday, September 19th. Investors of record on Tuesday, September 6th were given a dividend of $0.125 per share. This is a positive change from TFS Financial Corp.’s previous quarterly dividend of $0.10. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.80%. The ex-dividend date of this dividend was Thursday, September 1st. TFS Financial Corp.’s dividend payout ratio (DPR) is presently 178.57%.
Separately, Piper Jaffray Cos. lowered shares of TFS Financial Corp. from an “overweight” rating to a “neutral” rating and set a $19.00 target price on the stock. in a research report on Friday, August 19th. They noted that the move was a valuation call.
In related news, Chairman Marc A. Stefanski sold 55,676 shares of the firm’s stock in a transaction dated Thursday, August 4th. The shares were sold at an average price of $18.08, for a total transaction of $1,006,622.08. Following the transaction, the chairman now directly owns 300,000 shares of the company’s stock, valued at $5,424,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO David S. Huffman sold 6,119 shares of the firm’s stock in a transaction dated Monday, August 8th. The shares were sold at an average price of $18.43, for a total transaction of $112,773.17. Following the transaction, the chief financial officer now directly owns 31,221 shares in the company, valued at $575,403.03. The disclosure for this sale can be found here. Corporate insiders own 1.69% of the company’s stock.
TFS Financial Corp. Company Profile
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.