Charles Schwab Investment Management Inc. Sells 121,299 Shares of TFS Financial Co. (NASDAQ:TFSL)

Charles Schwab Investment Management Inc. trimmed its stake in TFS Financial Co. (NASDAQ:TFSL) by 27.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 316,738 shares of the bank’s stock after selling 121,299 shares during the period. Charles Schwab Investment Management Inc. owned about 0.11% of TFS Financial worth $4,073,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the stock. Dimensional Fund Advisors LP grew 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 valued at $31,258,000 after acquiring an additional 122,562 shares during the period. Pathstone Holdings LLC grew its position in TFS Financial by 34.5% in the third quarter. Pathstone Holdings LLC now owns 163,308 shares of the bank’s stock valued at $2,100,000 after acquiring an additional 41,930 shares during the period. Panagora Asset Management Inc. boosted its stake in TFS Financial by 43.2% in the second quarter. Panagora Asset Management Inc. now owns 94,491 shares of the bank’s stock worth $1,192,000 after purchasing an additional 28,497 shares in the last quarter. Signature Estate & Investment Advisors LLC acquired a new position in TFS Financial in the second quarter worth $915,000. Finally, Quest Partners LLC acquired a new position in TFS Financial in the third quarter worth $668,000. 9.81% of the stock is currently owned by institutional investors.

TFS Financial Price Performance

TFS Financial stock opened at $13.28 on Friday. The company has a debt-to-equity ratio of 2.57, a quick ratio of 1.54 and a current ratio of 1.54. The firm has a market cap of $3.73 billion, a P/E ratio of 49.08 and a beta of 0.69. The business’s fifty day moving average is $13.49 and its two-hundred day moving average is $13.17. TFS Financial Co. has a 52 week low of $11.70 and a 52 week high of $15.25.

TFS Financial (NASDAQ:TFSL) last issued its quarterly earnings results on Wednesday, October 30th. The bank reported $0.06 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.06. TFS Financial had a return on equity of 4.22% and a net margin of 10.49%. The business had revenue of $194.94 million for the quarter. During the same period last year, the company earned $0.07 EPS. Equities research analysts forecast that TFS Financial Co. will post 0.26 earnings per share for the current fiscal year.

TFS Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 17th. Stockholders of record on Tuesday, December 3rd will be paid a dividend of $0.2825 per share. This represents a $1.13 annualized dividend and a dividend yield of 8.51%. The ex-dividend date of this dividend is Tuesday, December 3rd. TFS Financial’s dividend payout ratio (DPR) is presently 418.53%.

Analyst Ratings Changes

Separately, Piper Sandler reissued a “neutral” rating and issued a $15.00 price objective on shares of TFS Financial in a research note on Friday, November 22nd.

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.