TFS Financial Corporation (NASDAQ:TFSL) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp reduced its holdings in shares of TFS Financial Corporation (NASDAQ:TFSL) by 2.2% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,494,719 shares of the bank’s stock after selling 33,822 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.53% of TFS Financial worth $18,520,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Aquatic Capital Management LLC acquired a new stake in shares of TFS Financial in the 4th quarter valued at about $43,000. Ancora Advisors LLC raised its stake in TFS Financial by 128.8% during the 4th quarter. Ancora Advisors LLC now owns 3,553 shares of the bank’s stock valued at $45,000 after acquiring an additional 2,000 shares during the last quarter. Deutsche Bank AG purchased a new stake in TFS Financial during the 4th quarter valued at approximately $47,000. Russell Investments Group Ltd. raised its stake in TFS Financial by 78.4% during the 4th quarter. Russell Investments Group Ltd. now owns 4,122 shares of the bank’s stock valued at $52,000 after acquiring an additional 1,811 shares during the last quarter. Finally, GAMMA Investing LLC raised its stake in TFS Financial by 935.0% during the 1st quarter. GAMMA Investing LLC now owns 6,914 shares of the bank’s stock valued at $86,000 after acquiring an additional 6,246 shares during the last quarter. 9.81% of the stock is owned by institutional investors and hedge funds.

TFS Financial Stock Performance

Shares of TFSL stock opened at $13.06 on Friday. The company has a market cap of $3.67 billion, a price-to-earnings ratio of 46.64 and a beta of 0.74. The stock has a 50 day simple moving average of $13.12 and a 200-day simple moving average of $12.86. TFS Financial Corporation has a 12-month low of $11.29 and a 12-month high of $15.00. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 2.42.

TFS Financial (NASDAQ:TFSL) last released its quarterly earnings results on Wednesday, April 30th. The bank reported $0.07 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.07. The business had revenue of $79.12 million for the quarter, compared to analysts’ expectations of $69.42 million. TFS Financial had a return on equity of 4.30% and a net margin of 10.57%. On average, equities analysts forecast that TFS Financial Corporation will post 0.29 EPS for the current year.

TFS Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 24th. Investors of record on Tuesday, June 10th were issued a $0.2825 dividend. This represents a $1.13 dividend on an annualized basis and a dividend yield of 8.65%. The ex-dividend date of this dividend was Tuesday, June 10th. TFS Financial’s dividend payout ratio is currently 403.57%.

Insider Buying and Selling

In other news, CFO Meredith S. Weil sold 15,000 shares of the firm’s stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $13.48, for a total transaction of $202,200.00. Following the sale, the chief financial officer owned 78,527 shares in the company, valued at $1,058,543.96. This trade represents a 16.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Andrew J. Rubino sold 6,000 shares of the firm’s stock in a transaction on Monday, May 5th. The stock was sold at an average price of $13.61, for a total value of $81,660.00. Following the sale, the insider owned 24,126 shares in the company, valued at $328,354.86. This trade represents a 19.92% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 84,012 shares of company stock worth $1,128,466. 0.95% of the stock is currently owned by corporate insiders.

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.