UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $2.12 Million Holdings in TFS Financial Co. (NASDAQ:TFSL)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its holdings in TFS Financial Co. (NASDAQ:TFSL) by 5.4% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 165,152 shares of the bank’s stock after selling 9,462 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.06% of TFS Financial worth $2,124,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC increased its stake in shares of TFS Financial by 44.0% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,194 shares of the bank’s stock valued at $41,000 after acquiring an additional 976 shares in the last quarter. BNP Paribas Financial Markets increased its stake in TFS Financial by 814.2% in the third quarter. BNP Paribas Financial Markets now owns 8,420 shares of the bank’s stock valued at $108,000 after purchasing an additional 7,499 shares in the last quarter. Evergreen Capital Management LLC acquired a new position in shares of TFS Financial during the second quarter valued at about $139,000. SG Americas Securities LLC boosted its position in shares of TFS Financial by 12.6% during the 2nd quarter. SG Americas Securities LLC now owns 12,179 shares of the bank’s stock worth $154,000 after purchasing an additional 1,361 shares in the last quarter. Finally, Nisa Investment Advisors LLC grew its stake in shares of TFS Financial by 125.0% in the 3rd quarter. Nisa Investment Advisors LLC now owns 12,600 shares of the bank’s stock valued at $162,000 after buying an additional 7,000 shares during the period. 9.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

TFS Financial Trading Down 0.2 %

TFSL opened at $13.28 on Monday. TFS Financial Co. has a fifty-two week low of $11.70 and a fifty-two week high of $15.25. The firm has a market capitalization of $3.73 billion, a PE ratio of 49.19 and a beta of 0.69. The company has a debt-to-equity ratio of 2.57, a current ratio of 1.54 and a quick ratio of 1.54. The company’s 50-day moving average is $13.50 and its 200 day moving average is $13.17.

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

TFS Financial Dividend Announcement

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

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.