Geode Capital Management LLC Increases Stake in TFS Financial Co. (NASDAQ:TFSL)

Geode Capital Management LLC grew its stake in TFS Financial Co. (NASDAQ:TFSL) by 5.0% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 839,392 shares of the bank’s stock after buying an additional 39,986 shares during the quarter. Geode Capital Management LLC owned 0.30% of TFS Financial worth $12,817,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in TFSL. Citizens Financial Group Inc RI purchased a new position in shares of TFS Financial in the 1st quarter valued at about $28,000. Parallel Advisors LLC boosted its stake in shares of TFS Financial by 208.9% in the 1st quarter. Parallel Advisors LLC now owns 2,298 shares of the bank’s stock valued at $35,000 after buying an additional 1,554 shares during the period. CWM Advisors LLC purchased a new position in shares of TFS Financial in the 1st quarter valued at about $43,000. Orion Portfolio Solutions LLC acquired a new stake in shares of TFS Financial during the 4th quarter worth about $45,000. Finally, Cubist Systematic Strategies LLC raised its position in shares of TFS Financial by 17.0% during the 4th quarter. Cubist Systematic Strategies LLC now owns 3,276 shares of the bank’s stock worth $64,000 after acquiring an additional 476 shares in the last quarter. Institutional investors and hedge funds own 10.97% of the company’s stock.

In related news, Director Martin J. Cohen bought 10,000 shares of the stock in a transaction on Wednesday, May 13th. The shares were bought at an average cost of $14.08 per share, for a total transaction of $140,800.00. Following the purchase, the director now owns 19,500 shares of the company’s stock, valued at approximately $274,560. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 1.55% of the company’s stock.

TFSL has been the topic of several research analyst reports. BidaskClub lowered TFS Financial from a “hold” rating to a “sell” rating in a research report on Thursday, June 18th. Zacks Investment Research raised TFS Financial from a “hold” rating to a “buy” rating and set a $16.00 target price on the stock in a research report on Saturday, May 9th.

TFSL opened at $14.20 on Wednesday. The firm has a market cap of $4.01 billion, a price-to-earnings ratio of 48.97 and a beta of 0.33. TFS Financial Co. has a 52 week low of $12.65 and a 52 week high of $22.47. The business’s 50 day moving average is $14.89 and its two-hundred day moving average is $17.34. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 2.47.

TFS Financial (NASDAQ:TFSL) last released its quarterly earnings results on Monday, June 1st. The bank reported $0.06 EPS for the quarter, topping the consensus estimate of $0.04 by $0.02. TFS Financial had a return on equity of 4.87% and a net margin of 16.06%. Equities analysts expect that TFS Financial Co. will post 0.23 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 23rd. Shareholders of record on Tuesday, June 9th were paid a $0.28 dividend. The ex-dividend date was Monday, June 8th. This represents a $1.12 annualized dividend and a dividend yield of 7.89%. TFS Financial’s dividend payout ratio (DPR) is currently 400.00%.

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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Institutional Ownership by Quarter for TFS Financial (NASDAQ:TFSL)

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