Goldman Sachs Group Inc. Raises Holdings in TFS Financial Corporation $TFSL

Goldman Sachs Group Inc. boosted its position in TFS Financial Corporation (NASDAQ:TFSL) by 64.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 91,920 shares of the bank’s stock after buying an additional 36,004 shares during the period. Goldman Sachs Group Inc.’s holdings in TFS Financial were worth $1,139,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Summit Securities Group LLC acquired a new position in TFS Financial in the first quarter valued at approximately $29,000. Deutsche Bank AG acquired a new position in TFS Financial in the 4th quarter valued at $47,000. Quarry LP grew its holdings in TFS Financial by 260.1% in the 1st quarter. Quarry LP now owns 3,993 shares of the bank’s stock valued at $49,000 after buying an additional 2,884 shares in the last quarter. GAMMA Investing LLC grew its holdings in TFS Financial by 935.0% in the 1st quarter. GAMMA Investing LLC now owns 6,914 shares of the bank’s stock valued at $86,000 after buying an additional 6,246 shares in the last quarter. Finally, AlphaQuest LLC grew its holdings in TFS Financial by 194.4% in the 1st quarter. AlphaQuest LLC now owns 7,921 shares of the bank’s stock valued at $98,000 after buying an additional 5,230 shares in the last quarter. Hedge funds and other institutional investors own 9.81% of the company’s stock.

Insider Buying and Selling at TFS Financial

In other TFS Financial news, Director Barbara J. Anderson sold 12,000 shares of TFS Financial stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $13.05, for a total transaction of $156,600.00. Following the transaction, the director owned 2,100 shares of the company’s stock, valued at $27,405. The trade was a 85.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, 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, September 2nd. The shares were sold at an average price of $13.70, for a total value of $205,500.00. Following the completion of the transaction, the chief financial officer owned 63,527 shares in the company, valued at $870,319.90. This trade represents a 19.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 38,100 shares of company stock worth $516,267. 0.95% of the stock is currently owned by corporate insiders.

TFS Financial Trading Down 1.0%

NASDAQ TFSL opened at $13.20 on Monday. The firm’s 50-day moving average is $13.23 and its two-hundred day moving average is $12.94. TFS Financial Corporation has a 12 month low of $11.29 and a 12 month high of $14.99. The stock has a market capitalization of $3.71 billion, a P/E ratio of 45.52 and a beta of 0.74. The company has a debt-to-equity ratio of 2.59, a current ratio of 1.54 and a quick ratio of 1.54.

TFS Financial (NASDAQ:TFSL) last announced its earnings results on Wednesday, July 30th. The bank reported $0.08 EPS for the quarter, meeting analysts’ consensus estimates of $0.08. TFS Financial had a return on equity of 4.40% and a net margin of 10.67%.The company had revenue of $82.04 million during the quarter, compared to analysts’ expectations of $80.30 million. On average, sell-side analysts anticipate that TFS Financial Corporation will post 0.29 earnings per share for the current year.

TFS Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 24th. Shareholders of record on Wednesday, September 10th will be given a $0.2825 dividend. The ex-dividend date of this dividend is Wednesday, September 10th. This represents a $1.13 dividend on an annualized basis and a yield of 8.6%. TFS Financial’s dividend payout ratio (DPR) is currently 389.66%.

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.