TFS Financial Co. (NASDAQ:TFSL) Shares Sold by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV trimmed its stake in shares of TFS Financial Co. (NASDAQ:TFSL) by 41.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 13,305 shares of the bank’s stock after selling 9,316 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in TFS Financial were worth $167,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in TFSL. Norges Bank acquired a new stake in shares of TFS Financial during the 4th quarter worth approximately $4,689,000. Sage Investment Counsel LLC acquired a new stake in TFS Financial in the 4th quarter valued at approximately $1,355,000. Vanguard Group Inc. increased its position in TFS Financial by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 5,280,564 shares of the bank’s stock valued at $66,324,000 after acquiring an additional 76,919 shares during the period. Kestra Investment Management LLC increased its position in TFS Financial by 56.0% in the 4th 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 period. Finally, Cramer Rosenthal Mcglynn LLC increased its position in TFS Financial by 4.9% in the 4th quarter. Cramer Rosenthal Mcglynn LLC now owns 1,304,667 shares of the bank’s stock valued at $16,387,000 after acquiring an additional 61,231 shares during the period. 9.81% of the stock is currently owned by institutional investors and hedge funds.

TFS Financial Stock Down 0.1%

TFSL opened at $13.43 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 debt-to-equity ratio of 2.43, a current ratio of 1.54 and a quick ratio of 1.54. The stock has a market cap of $3.77 billion, a P/E ratio of 47.96 and a beta of 0.78. The stock’s 50 day moving average price is $12.55 and its 200 day moving average price is $13.00.

TFS Financial (NASDAQ:TFSL) last posted its earnings results on Wednesday, April 30th. The bank reported $0.07 EPS for the quarter, meeting the consensus estimate of $0.07. TFS Financial had a return on equity of 4.28% and a net margin of 10.58%. The firm had revenue of $79.12 million for the quarter, compared to analysts’ expectations of $69.42 million. As a group, research analysts predict that TFS Financial Co. will post 0.29 earnings per share for the current year.

TFS Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, March 6th were given a $0.2825 dividend. This represents a $1.13 annualized dividend and a yield of 8.41%. The ex-dividend date of this dividend was Thursday, March 6th. TFS Financial’s dividend payout ratio is currently 403.57%.

Insider Activity at TFS Financial

In other TFS Financial news, Director Anthony J. Asher sold 13,500 shares of the stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $12.15, for a total transaction of $164,025.00. Following the completion of the transaction, the director now directly owns 59,607 shares of the company’s stock, valued at approximately $724,225.05. This trade represents a 18.47% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Gavin B. Stefanski sold 3,505 shares of the stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $13.47, for a total value of $47,212.35. Following the transaction, the insider now directly owns 32,766 shares of the company’s stock, valued at approximately $441,358.02. The trade was a 9.66% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 182,067 shares of company stock worth $2,404,606 in the last three months. 0.95% of the stock is owned by company insiders.

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.