Aperio Group LLC lifted its stake in TFS Financial Co. (NASDAQ:TFSL) by 13.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 125,021 shares of the bank’s stock after purchasing an additional 14,742 shares during the period. Aperio Group LLC’s holdings in TFS Financial were worth $1,877,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Bank of New York Mellon Corp grew its holdings in shares of TFS Financial by 2.1% in the second quarter. Bank of New York Mellon Corp now owns 742,874 shares of the bank’s stock worth $11,715,000 after purchasing an additional 15,120 shares during the last quarter. Paloma Partners Management Co bought a new position in shares of TFS Financial in the second quarter worth about $169,000. WealthTrust Fairport LLC bought a new position in shares of TFS Financial in the second quarter worth about $515,000. Dimensional Fund Advisors LP grew its holdings in shares of TFS Financial by 2.9% in the first quarter. Dimensional Fund Advisors LP now owns 1,095,460 shares of the bank’s stock worth $16,092,000 after purchasing an additional 30,602 shares during the last quarter. Finally, Millennium Management LLC bought a new position in shares of TFS Financial in the second quarter worth about $2,671,000. Hedge funds and other institutional investors own 10.95% of the company’s stock.
Shares of TFS Financial stock opened at $15.39 on Friday. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 2.10. TFS Financial Co. has a 1 year low of $14.19 and a 1 year high of $16.62. The stock has a market cap of $4.26 billion, a price-to-earnings ratio of 48.09 and a beta of 0.29.
TFS Financial (NASDAQ:TFSL) last issued its earnings results on Monday, October 29th. The bank reported $0.08 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.08. TFS Financial had a net margin of 18.38% and a return on equity of 5.22%. The company had revenue of $73.87 million for the quarter, compared to analysts’ expectations of $75.60 million. As a group, equities research analysts forecast that TFS Financial Co. will post 0.34 earnings per share for the current fiscal year.
In other TFS Financial news, Chairman Marc A. Stefanski sold 2,570 shares of the stock in a transaction dated Wednesday, August 22nd. The shares were sold at an average price of $15.44, for a total transaction of $39,680.80. Following the transaction, the chairman now directly owns 87,311 shares in the company, valued at approximately $1,348,081.84. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.60% of the stock is owned by corporate insiders.
A number of research analysts have recently commented on the stock. BidaskClub upgraded shares of TFS Financial from a “hold” rating to a “buy” rating in a report on Wednesday, October 31st. Sandler O’Neill started coverage on shares of TFS Financial in a report on Friday, September 21st. They issued a “buy” rating and a $18.00 price target on the stock. Finally, Zacks Investment Research cut shares of TFS Financial from a “hold” rating to a “sell” rating in a report on Thursday, August 9th.
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About TFS Financial
TFS Financial Corporation, through its subsidiaries, provides retail consumer banking services in the United States. Its deposit products include savings accounts, checking accounts, certificate of deposit accounts, individual retirement accounts, and other qualified plan accounts. 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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