Barclays PLC Reduces Stock Position in TFS Financial Co. (NASDAQ:TFSL)

Barclays PLC trimmed its holdings in shares of TFS Financial Co. (NASDAQ:TFSL) by 8.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 33,823 shares of the bank’s stock after selling 3,081 shares during the quarter. Barclays PLC’s holdings in TFS Financial were worth $425,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in TFSL. JPMorgan Chase & Co. raised its position in TFS Financial by 6.6% during the third quarter. JPMorgan Chase & Co. now owns 28,646 shares of the bank’s stock valued at $368,000 after purchasing an additional 1,784 shares during the period. SG Americas Securities LLC raised its holdings in TFS Financial by 47.4% during the 4th quarter. SG Americas Securities LLC now owns 13,962 shares of the bank’s stock valued at $175,000 after buying an additional 4,491 shares during the period. Empowered Funds LLC bought a new stake in TFS Financial in the fourth quarter worth $265,000. Quent Capital LLC boosted its stake in TFS Financial by 68.0% during the fourth quarter. Quent Capital LLC now owns 3,700 shares of the bank’s stock worth $46,000 after buying an additional 1,497 shares during the period. Finally, Kestra Investment Management LLC increased its position in TFS Financial by 56.0% during the fourth quarter. Kestra Investment Management LLC now owns 205,393 shares of the bank’s stock valued at $2,580,000 after acquiring an additional 73,719 shares during the last quarter. Institutional investors own 9.81% of the company’s stock.

Insiders Place Their Bets

In other TFS Financial news, insider Andrew J. Rubino sold 6,000 shares of the company’s stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $13.61, for a total value of $81,660.00. Following the transaction, the insider now directly owns 24,126 shares in the company, valued at $328,354.86. This represents a 19.92 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Meredith S. Weil sold 15,000 shares of TFS Financial stock in a transaction that occurred on Tuesday, May 6th. The shares were sold at an average price of $13.48, for a total transaction of $202,200.00. Following the sale, the chief financial officer now directly owns 78,527 shares of the company’s stock, valued at $1,058,543.96. This represents a 16.04 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 178,562 shares of company stock worth $2,357,394 over the last quarter. Company insiders own 0.95% of the company’s stock.

TFS Financial Price Performance

TFS Financial stock opened at $13.32 on Friday. TFS Financial Co. has a 12-month low of $11.29 and a 12-month high of $15.00. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 2.43. The firm has a 50-day moving average price of $12.45 and a 200-day moving average price of $12.98. The firm has a market capitalization of $3.74 billion, a PE ratio of 47.57 and a beta of 0.78.

TFS Financial (NASDAQ:TFSL) last announced its quarterly earnings data on Wednesday, April 30th. The bank reported $0.07 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.07. The business had revenue of $79.12 million during the quarter, compared to the consensus estimate of $69.42 million. TFS Financial had a net margin of 10.58% and a return on equity of 4.28%. As a group, equities research analysts forecast that TFS Financial Co. will post 0.29 EPS for the current year.

TFS Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th were paid 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 8.48%. TFS Financial’s payout ratio is 403.57%.

TFS Financial Company 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.