Brandywine Global Investment Management LLC Purchases Shares of 296,818 TFS Financial Co. (NASDAQ:TFSL)

Brandywine Global Investment Management LLC purchased a new stake in shares of TFS Financial Co. (NASDAQ:TFSL) during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 296,818 shares of the bank’s stock, valued at approximately $3,749,000. Brandywine Global Investment Management LLC owned approximately 0.11% of TFS Financial at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of TFSL. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of TFS Financial by 5,545.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,750 shares of the bank’s stock valued at $25,000 after acquiring an additional 1,719 shares during the last quarter. Ahrens Investment Partners LLC purchased a new stake in shares of TFS Financial in the 1st quarter valued at $38,000. Global Retirement Partners LLC boosted its holdings in shares of TFS Financial by 59.7% in the 1st quarter. Global Retirement Partners LLC now owns 4,832 shares of the bank’s stock valued at $55,000 after acquiring an additional 1,806 shares during the last quarter. Royal Bank of Canada boosted its holdings in shares of TFS Financial by 41.6% in the 3rd quarter. Royal Bank of Canada now owns 4,663 shares of the bank’s stock valued at $61,000 after acquiring an additional 1,370 shares during the last quarter. Finally, UBS Group AG boosted its holdings in shares of TFS Financial by 42.3% in the 2nd quarter. UBS Group AG now owns 4,509 shares of the bank’s stock valued at $62,000 after acquiring an additional 1,340 shares during the last quarter. Institutional investors and hedge funds own 9.49% of the company’s stock.

TFS Financial Stock Performance

Shares of NASDAQ TFSL opened at $12.62 on Friday. The company’s fifty day moving average price is $13.75 and its 200 day moving average price is $12.86. TFS Financial Co. has a 1 year low of $11.05 and a 1 year high of $15.15. The company has a market capitalization of $3.54 billion, a PE ratio of 43.52 and a beta of 0.53. The company has a debt-to-equity ratio of 2.89, a quick ratio of 1.68 and a current ratio of 1.68.

TFS Financial (NASDAQ:TFSL) last announced its quarterly earnings results on Thursday, July 27th. The bank reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.03. TFS Financial had a net margin of 13.87% and a return on equity of 4.38%. The firm had revenue of $74.62 million for the quarter, compared to the consensus estimate of $69.20 million.

TFS Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 26th. Investors of record on Tuesday, September 12th will be issued a dividend of $0.2825 per share. This represents a $1.13 dividend on an annualized basis and a yield of 8.95%. The ex-dividend date is Monday, September 11th. TFS Financial’s dividend payout ratio (DPR) is presently 389.67%.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on shares of TFS Financial in a report on Thursday, August 17th. They issued a “sell” rating on the stock.

Insider Buying and Selling

In related news, insider Gavin B. Stefanski sold 5,000 shares of the stock in a transaction on Thursday, August 24th. The shares were sold at an average price of $13.73, for a total transaction of $68,650.00. Following the sale, the insider now directly owns 39,755 shares of the company’s stock, valued at $545,836.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other TFS Financial news, CEO Marc A. Stefanski sold 17,962 shares of the stock in a transaction on Monday, August 21st. The shares were sold at an average price of $13.82, for a total transaction of $248,234.84. Following the transaction, the chief executive officer now directly owns 246,428 shares of the company’s stock, valued at $3,405,634.96. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Gavin B. Stefanski sold 5,000 shares of the stock in a transaction on Thursday, August 24th. The shares were sold at an average price of $13.73, for a total transaction of $68,650.00. Following the transaction, the insider now directly owns 39,755 shares in the company, valued at $545,836.15. The disclosure for this sale can be found here. Over the last three months, insiders have sold 35,075 shares of company stock valued at $498,083. Corporate insiders own 1.21% of the company’s stock.

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.