Signaturefd LLC Cuts Stock Holdings in TFS Financial Co. (NASDAQ:TFSL)

Signaturefd LLC trimmed its position in shares of TFS Financial Co. (NASDAQ:TFSL) by 9.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,078 shares of the bank’s stock after selling 1,517 shares during the quarter. Signaturefd LLC’s holdings in TFS Financial were worth $177,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently bought and sold shares of the company. Parallel Advisors LLC boosted its holdings in shares of TFS Financial by 4.2% in the 4th quarter. Parallel Advisors LLC now owns 25,251 shares of the bank’s stock worth $317,000 after buying an additional 1,026 shares during the last quarter. US Bancorp DE boosted its holdings in shares of TFS Financial by 6.2% in the 4th quarter. US Bancorp DE now owns 18,568 shares of the bank’s stock worth $233,000 after buying an additional 1,085 shares during the last quarter. Quent Capital LLC boosted its holdings in shares of TFS Financial by 68.0% in the 4th quarter. Quent Capital LLC now owns 3,700 shares of the bank’s stock worth $46,000 after buying an additional 1,497 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of TFS Financial by 6.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 28,646 shares of the bank’s stock worth $368,000 after buying an additional 1,784 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in TFS Financial by 1.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 320,015 shares of the bank’s stock valued at $4,019,000 after purchasing an additional 3,277 shares during the last quarter. 9.81% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at TFS Financial

In other news, Director Anthony J. Asher sold 13,500 shares of the company’s stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $12.15, for a total transaction of $164,025.00. Following the sale, the director now directly owns 59,607 shares in the company, valued at $724,225.05. This represents a 18.47 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Marc A. Stefanski sold 35,000 shares of the company’s stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $13.12, for a total value of $459,200.00. Following the sale, the chief executive officer now owns 101,784 shares in the company, valued at approximately $1,335,406.08. This represents a 25.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 118,055 shares of company stock valued at $1,550,540 over the last three months. 0.95% of the stock is currently owned by insiders.

TFS Financial Price Performance

NASDAQ TFSL opened at $12.13 on Friday. The company has a market cap of $3.41 billion, a PE ratio of 43.32 and a beta of 0.77. TFS Financial Co. has a 52 week low of $11.70 and a 52 week high of $15.00. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 2.43. The firm’s 50-day simple moving average is $12.92 and its two-hundred day simple moving average is $13.09.

TFS Financial (NASDAQ:TFSL) last released its quarterly earnings data on Tuesday, February 4th. The bank reported $0.08 EPS for the quarter, beating the consensus estimate of $0.06 by $0.02. TFS Financial had a net margin of 10.58% and a return on equity of 4.28%. Research analysts predict that TFS Financial Co. will post 0.29 earnings per share for the current year.

TFS Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th were issued a dividend of $0.2825 per share. This represents a $1.13 annualized dividend and a yield of 9.32%. The ex-dividend date of this dividend was Thursday, March 6th. TFS Financial’s dividend payout ratio (DPR) is presently 403.57%.

About TFS Financial

TFS Financial Corporation, through its subsidiaries, provides retail consumer banking services in the United States. Its deposit products include savings, money market, checking, individual retirement, and other qualified plan accounts, as well as certificates of deposit. 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.