Vanguard Personalized Indexing Management LLC Boosts Stake in TFS Financial Co. (NASDAQ:TFSL)

Vanguard Personalized Indexing Management LLC grew its stake in shares of TFS Financial Co. (NASDAQ:TFSL) by 30.6% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,598 shares of the bank’s stock after buying an additional 5,057 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in TFS Financial were worth $273,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in TFS Financial by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 5,215,605 shares of the bank’s stock valued at $65,508,000 after buying an additional 23,668 shares in the last quarter. Dimensional Fund Advisors LP increased its position in TFS Financial by 5.2% in the second quarter. Dimensional Fund Advisors LP now owns 2,476,938 shares of the bank’s stock worth $31,258,000 after purchasing an additional 122,562 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in TFS Financial by 4.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 427,596 shares of the bank’s stock valued at $6,281,000 after purchasing an additional 18,376 shares in the last quarter. State Board of Administration of Florida Retirement System lifted its position in TFS Financial by 4.4% during the first 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 purchasing an additional 5,960 shares during the last quarter. Finally, Panagora Asset Management Inc. grew its stake in shares of TFS Financial by 43.2% in the 2nd quarter. Panagora Asset Management Inc. now owns 94,491 shares of the bank’s stock worth $1,192,000 after buying an additional 28,497 shares in the last quarter. 9.81% of the stock is currently owned by institutional investors.

TFS Financial Stock Down 0.2 %

Shares of NASDAQ TFSL opened at $12.83 on Monday. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 2.52. TFS Financial Co. has a 12-month low of $10.97 and a 12-month high of $15.25. The firm’s 50-day moving average price is $13.24 and its 200-day moving average price is $12.84. The stock has a market capitalization of $3.60 billion, a price-to-earnings ratio of 47.52 and a beta of 0.68.

TFS Financial (NASDAQ:TFSL) last announced its earnings results on Tuesday, July 30th. The bank reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.01. The firm had revenue of $191.15 million during the quarter. TFS Financial had a return on equity of 4.25% and a net margin of 10.97%.

TFS Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 24th. Stockholders of record on Tuesday, September 10th were issued a $0.2825 dividend. The ex-dividend date of this dividend was Tuesday, September 10th. This represents a $1.13 annualized dividend and a dividend yield of 8.81%. TFS Financial’s dividend payout ratio (DPR) is presently 418.52%.

Insider Buying and Selling

In related news, CEO Marc A. Stefanski sold 20,000 shares of the stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $12.82, for a total value of $256,400.00. Following the sale, the chief executive officer now directly owns 37,150 shares of the company’s stock, valued at approximately $476,263. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Marc A. Stefanski sold 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $12.82, for a total transaction of $256,400.00. Following the transaction, the chief executive officer now owns 37,150 shares of the company’s stock, valued at $476,263. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Meredith S. Weil sold 6,500 shares of the firm’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $13.09, for a total value of $85,085.00. Following the sale, the chief financial officer now directly owns 91,216 shares of the company’s stock, valued at $1,194,017.44. The disclosure for this sale can be found here. In the last ninety days, insiders sold 42,500 shares of company stock valued at $546,605. Company insiders own 1.13% of the company’s stock.

TFS Financial 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.