Cramer Rosenthal Mcglynn LLC decreased its position in shares of TFS Financial Co. (NASDAQ:TFSL) by 2.8% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,072,134 shares of the bank’s stock after selling 30,775 shares during the quarter. Cramer Rosenthal Mcglynn LLC owned 0.47% of TFS Financial worth $19,373,000 as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. Parallel Advisors LLC lifted its holdings in shares of TFS Financial by 503.6% during the first quarter. Parallel Advisors LLC now owns 1,684 shares of the bank’s stock worth $28,000 after purchasing an additional 1,405 shares during the period. Meeder Asset Management Inc. acquired a new stake in shares of TFS Financial during the second quarter worth about $33,000. JPMorgan Chase & Co. lifted its holdings in shares of TFS Financial by 26.9% during the second quarter. JPMorgan Chase & Co. now owns 4,149 shares of the bank’s stock worth $74,000 after purchasing an additional 879 shares during the period. BNP Paribas Arbitrage SA lifted its holdings in shares of TFS Financial by 49.8% during the first quarter. BNP Paribas Arbitrage SA now owns 5,392 shares of the bank’s stock worth $89,000 after purchasing an additional 1,793 shares during the period. Finally, US Bancorp DE lifted its holdings in shares of TFS Financial by 101.9% during the second quarter. US Bancorp DE now owns 8,936 shares of the bank’s stock worth $162,000 after purchasing an additional 4,510 shares during the period. 14.35% of the stock is owned by hedge funds and other institutional investors.
NASDAQ:TFSL traded up $0.09 during trading hours on Friday, reaching $18.23. The company had a trading volume of 731 shares, compared to its average volume of 145,697. The firm has a market cap of $4.02 billion, a PE ratio of 57.00 and a beta of 0.18. TFS Financial Co. has a 1-year low of $14.19 and a 1-year high of $18.61. The business’s 50 day moving average price is $17.79 and its 200-day moving average price is $17.30. The company has a debt-to-equity ratio of 2.24, a current ratio of 1.52 and a quick ratio of 1.52.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd will be given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 5.92%. The ex-dividend date of this dividend is Friday, August 30th. TFS Financial’s payout ratio is 337.50%.
In related news, Chairman Marc A. Stefanski sold 13,222 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $18.00, for a total transaction of $237,996.00. Following the completion of the sale, the chairman now directly owns 229,400 shares in the company, valued at $4,129,200. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.78% of the stock is currently owned by insiders.
A number of research analysts have issued reports on the company. Zacks Investment Research downgraded TFS Financial from a “hold” rating to a “sell” rating in a report on Tuesday, August 13th. BidaskClub downgraded TFS Financial from a “hold” rating to a “sell” rating in a report on Friday, August 23rd. Finally, TheStreet raised TFS Financial from a “c+” rating to a “b-” rating in a report on Monday, June 3rd. Two investment analysts have rated the stock with a sell rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $18.00.
About TFS Financial
TFS Financial Corporation, through its subsidiaries, provides retail consumer banking services in the United States. The company's deposit products include savings, money market, checking, certificate of deposit, individual retirement, and other qualified plan accounts. It 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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