Public Employees Retirement System of Ohio reduced its stake in TFS Financial Corporation (NASDAQ:TFSL) by 27.8% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 17,328 shares of the bank’s stock after selling 6,668 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in TFS Financial Corporation were worth $268,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Victory Capital Management Inc. lifted its holdings in TFS Financial Corporation by 15.4% in the 2nd quarter. Victory Capital Management Inc. now owns 615,553 shares of the bank’s stock worth $9,523,000 after purchasing an additional 82,282 shares during the last quarter. Vanguard Group Inc. lifted its holdings in TFS Financial Corporation by 0.7% in the 2nd quarter. Vanguard Group Inc. now owns 5,390,460 shares of the bank’s stock worth $83,390,000 after purchasing an additional 37,420 shares during the last quarter. Nomura Holdings Inc. acquired a new stake in TFS Financial Corporation in the 2nd quarter worth approximately $309,000. Renaissance Technologies LLC lifted its holdings in TFS Financial Corporation by 4.1% in the 2nd quarter. Renaissance Technologies LLC now owns 6,291,222 shares of the bank’s stock worth $97,325,000 after purchasing an additional 247,100 shares during the last quarter. Finally, UBS Asset Management Americas Inc. lifted its holdings in TFS Financial Corporation by 28.0% in the 1st quarter. UBS Asset Management Americas Inc. now owns 37,620 shares of the bank’s stock worth $625,000 after purchasing an additional 8,220 shares during the last quarter. Hedge funds and other institutional investors own 10.87% of the company’s stock.
Several research firms recently weighed in on TFSL. BidaskClub lowered TFS Financial Corporation from a “sell” rating to a “strong sell” rating in a report on Thursday, August 10th. Piper Jaffray Companies restated a “hold” rating and issued a $18.50 target price on shares of TFS Financial Corporation in a report on Friday, July 28th. TheStreet upgraded TFS Financial Corporation from a “c+” rating to a “b-” rating in a report on Monday, October 30th. Finally, ValuEngine lowered TFS Financial Corporation from a “hold” rating to a “sell” rating in a report on Friday, September 1st.
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TFS Financial Corporation (TFSL) opened at $15.08 on Wednesday. TFS Financial Corporation has a 1-year low of $14.68 and a 1-year high of $19.89. The company has a market capitalization of $4,210.43, a P/E ratio of 48.26 and a beta of 0.53. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 2.11.
TFS Financial Corporation (NASDAQ:TFSL) last issued its quarterly earnings results on Monday, October 30th. The bank reported $0.08 EPS for the quarter, hitting analysts’ consensus estimates of $0.08. TFS Financial Corporation had a return on equity of 5.31% and a net margin of 20.73%. The company had revenue of $70.11 million during the quarter, compared to analyst estimates of $70.71 million. During the same period in the previous year, the company earned $0.08 earnings per share. The company’s quarterly revenue was up 3.7% compared to the same quarter last year. equities research analysts anticipate that TFS Financial Corporation will post 0.32 EPS for the current year.
In other news, Director Anthony J. Asher sold 4,165 shares of the company’s stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $15.33, for a total transaction of $63,849.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.39% of the stock is owned by insiders.
TFS Financial Corporation 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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