Bank of New York Mellon Corp Has $19.95 Million Stock Holdings in TFS Financial Corporation $TFSL

Bank of New York Mellon Corp lifted its position in shares of TFS Financial Corporation (NASDAQ:TFSL) by 3.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,540,799 shares of the bank’s stock after purchasing an additional 46,080 shares during the period. Bank of New York Mellon Corp owned about 0.55% of TFS Financial worth $19,953,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Nisa Investment Advisors LLC boosted its position in TFS Financial by 86.9% during the 2nd quarter. Nisa Investment Advisors LLC now owns 20,560 shares of the bank’s stock worth $266,000 after buying an additional 9,560 shares during the period. Oppenheimer Asset Management Inc. raised its stake in shares of TFS Financial by 7.7% during the second quarter. Oppenheimer Asset Management Inc. now owns 35,240 shares of the bank’s stock valued at $456,000 after acquiring an additional 2,519 shares during the last quarter. AlphaQuest LLC lifted its holdings in shares of TFS Financial by 28.7% during the second quarter. AlphaQuest LLC now owns 10,196 shares of the bank’s stock worth $132,000 after purchasing an additional 2,275 shares during the period. Inspire Investing LLC grew its stake in shares of TFS Financial by 8.3% in the second quarter. Inspire Investing LLC now owns 30,060 shares of the bank’s stock worth $389,000 after purchasing an additional 2,297 shares during the last quarter. Finally, Capital Advisors Ltd. LLC increased its holdings in TFS Financial by 3,000.9% in the second quarter. Capital Advisors Ltd. LLC now owns 14,171 shares of the bank’s stock valued at $184,000 after purchasing an additional 13,714 shares during the period. Institutional investors and hedge funds own 9.81% of the company’s stock.

Insider Activity at TFS Financial

In related news, CEO Marc A. Stefanski sold 7,200 shares of the stock in a transaction on Friday, August 29th. The shares were sold at an average price of $14.17, for a total transaction of $102,024.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Daniel F. Weir sold 3,900 shares of the firm’s stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $13.37, for a total transaction of $52,143.00. Following the completion of the sale, the director owned 14,941 shares of the company’s stock, valued at $199,761.17. The trade was a 20.70% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 41,100 shares of company stock worth $567,417. 0.95% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have commented on TFSL shares. Wall Street Zen raised TFS Financial from a “sell” rating to a “hold” rating in a report on Saturday, November 1st. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of TFS Financial in a research note on Wednesday, October 8th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $15.00.

TFS Financial Stock Performance

Shares of TFS Financial stock opened at $13.67 on Monday. The business has a 50-day moving average price of $13.40 and a two-hundred day moving average price of $13.26. TFS Financial Corporation has a 1-year low of $11.29 and a 1-year high of $14.99. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 2.59. The company has a market cap of $3.84 billion, a P/E ratio of 47.14 and a beta of 0.76.

TFS Financial (NASDAQ:TFSL) last announced its earnings results on Thursday, October 30th. The bank reported $0.09 EPS for the quarter, beating the consensus estimate of $0.08 by $0.01. TFS Financial had a return on equity of 4.40% and a net margin of 10.67%.The company had revenue of $85.48 million for the quarter, compared to analyst estimates of $84.36 million. As a group, analysts anticipate that TFS Financial Corporation will post 0.29 EPS for the current year.

TFS Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 24th. Stockholders of record on Wednesday, September 10th were given a dividend of $0.2825 per share. The ex-dividend date of this dividend was Wednesday, September 10th. This represents a $1.13 annualized dividend and a dividend yield of 8.3%. TFS Financial’s dividend payout ratio (DPR) is 353.13%.

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.