10,000 Shares in TFS Financial Co. (NASDAQ:TFSL) Bought by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS acquired a new stake in TFS Financial Co. (NASDAQ:TFSL) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 10,000 shares of the bank’s stock, valued at approximately $126,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Quent Capital LLC lifted its holdings in TFS Financial by 68.0% during the 4th quarter. Quent Capital LLC now owns 3,700 shares of the bank’s stock valued at $46,000 after purchasing an additional 1,497 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings in TFS Financial by 814.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 8,420 shares of the bank’s stock worth $108,000 after purchasing an additional 7,499 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of TFS Financial in the fourth quarter valued at about $132,000. AXQ Capital LP bought a new stake in TFS Financial in the 4th quarter valued at about $139,000. Finally, Corient Private Wealth LLC bought a new stake in shares of TFS Financial in the fourth quarter valued at approximately $146,000. 9.81% of the stock is currently owned by institutional investors.

Insider Activity at TFS Financial

In other news, CEO Marc A. Stefanski sold 35,000 shares of the company’s stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $13.12, for a total value of $459,200.00. Following the completion of the transaction, the chief executive officer now owns 101,784 shares of the company’s stock, valued at $1,335,406.08. This represents a 25.59 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Daniel F. Weir sold 10,000 shares of TFS Financial stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $13.11, for a total transaction of $131,100.00. Following the transaction, the director now owns 18,841 shares in the company, valued at approximately $247,005.51. This trade represents a 34.67 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 118,055 shares of company stock valued at $1,550,540 in the last 90 days. 0.95% of the stock is owned by corporate insiders.

TFS Financial Stock Up 4.7 %

Shares of NASDAQ TFSL opened at $12.17 on Thursday. The stock has a market capitalization of $3.42 billion, a P/E ratio of 43.46 and a beta of 0.62. The stock’s fifty day moving average is $12.76 and its 200 day moving average is $12.99. TFS Financial Co. has a 52 week low of $11.29 and a 52 week high of $15.00. The company has a debt-to-equity ratio of 2.43, a quick ratio of 1.54 and a current ratio of 1.54.

TFS Financial (NASDAQ:TFSL) last released its earnings results on Tuesday, February 4th. The bank reported $0.08 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.02. TFS Financial had a return on equity of 4.28% and a net margin of 10.58%. Sell-side analysts forecast that TFS Financial Co. will post 0.29 earnings per share for the current fiscal year.

TFS Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th were given a $0.2825 dividend. The ex-dividend date of this dividend was Thursday, March 6th. This represents a $1.13 dividend on an annualized basis and a yield of 9.29%. TFS Financial’s dividend payout ratio is currently 403.57%.

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.