Covestor Ltd Has $182,000 Stock Holdings in TFS Financial Co. (NASDAQ:TFSL)

Covestor Ltd lessened its holdings in TFS Financial Co. (NASDAQ:TFSL) by 11.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,509 shares of the bank’s stock after selling 1,928 shares during the period. Covestor Ltd’s holdings in TFS Financial were worth $182,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in TFS Financial by 0.6% during the 3rd quarter. Vanguard Group Inc. now owns 5,270,541 shares of the bank’s stock worth $62,298,000 after purchasing an additional 31,130 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of TFS Financial by 7.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,216,354 shares of the bank’s stock worth $32,560,000 after buying an additional 152,815 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of TFS Financial by 4.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 427,596 shares of the bank’s stock valued at $6,281,000 after acquiring an additional 18,376 shares during the last quarter. State Board of Administration of Florida Retirement System boosted its holdings in shares of TFS Financial by 4.4% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 141,965 shares of the bank’s stock valued at $1,793,000 after acquiring an additional 5,960 shares in the last quarter. Finally, Arden Trust Co grew its position in TFS Financial by 8.5% during the 1st quarter. Arden Trust Co now owns 91,345 shares of the bank’s stock worth $1,147,000 after acquiring an additional 7,171 shares during the last quarter. Institutional investors and hedge funds own 9.81% of the company’s stock.

Analyst Upgrades and Downgrades

TFSL has been the topic of several research reports. StockNews.com cut TFS Financial from a “hold” rating to a “sell” rating in a report on Tuesday, May 21st. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $14.00 price objective (down from $15.00) on shares of TFS Financial in a research note on Thursday, May 2nd.

Insider Transactions at TFS Financial

In other TFS Financial news, CFO Meredith S. Weil sold 4,087 shares of the stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $12.57, for a total transaction of $51,373.59. Following the completion of the transaction, the chief financial officer now owns 102,332 shares in the company, valued at $1,286,313.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other TFS Financial news, insider Bradley T. Stefanski sold 3,750 shares of the firm’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $13.22, for a total value of $49,575.00. Following the completion of the transaction, the insider now directly owns 47,959 shares of the company’s stock, valued at approximately $634,017.98. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Meredith S. Weil sold 4,087 shares of the stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $12.57, for a total value of $51,373.59. Following the completion of the sale, the chief financial officer now owns 102,332 shares in the company, valued at approximately $1,286,313.24. The disclosure for this sale can be found here. In the last 90 days, insiders sold 21,237 shares of company stock worth $277,025. 1.13% of the stock is owned by company insiders.

TFS Financial Stock Up 1.1 %

TFSL traded up $0.15 during trading on Tuesday, hitting $13.92. 92,820 shares of the company’s stock were exchanged, compared to its average volume of 271,146. The stock has a market cap of $3.91 billion, a P/E ratio of 51.00 and a beta of 0.68. The business’s 50 day moving average is $12.83 and its two-hundred day moving average is $12.88. TFS Financial Co. has a fifty-two week low of $10.97 and a fifty-two week high of $15.25. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 2.60.

TFS Financial (NASDAQ:TFSL) last announced its earnings results on Tuesday, April 30th. The bank reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.01. TFS Financial had a return on equity of 4.14% and a net margin of 11.08%. The company had revenue of $77.10 million for the quarter, compared to analysts’ expectations of $71.24 million.

TFS Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 25th. Stockholders of record on Tuesday, June 11th were given a dividend of $0.2825 per share. The ex-dividend date was Tuesday, June 11th. This represents a $1.13 dividend on an annualized basis and a dividend yield of 8.12%. TFS Financial’s dividend payout ratio is presently 418.52%.

TFS Financial Company Profile

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.