TFS Financial Corporation $TFSL Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC raised its holdings in TFS Financial Corporation (NASDAQ:TFSL) by 2.1% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,154,189 shares of the bank’s stock after purchasing an additional 23,622 shares during the quarter. Geode Capital Management LLC owned 0.41% of TFS Financial worth $14,949,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Campbell & CO Investment Adviser LLC increased its position in shares of TFS Financial by 415.6% during the 2nd quarter. Campbell & CO Investment Adviser LLC now owns 70,920 shares of the bank’s stock worth $918,000 after purchasing an additional 57,166 shares during the last quarter. Equitec Proprietary Markets LLC acquired a new position in TFS Financial in the second quarter valued at about $229,000. Vestmark Advisory Solutions Inc. boosted its stake in TFS Financial by 124.6% during the second quarter. Vestmark Advisory Solutions Inc. now owns 87,736 shares of the bank’s stock worth $1,136,000 after buying an additional 48,673 shares during the period. Bank of New York Mellon Corp increased its position in shares of TFS Financial by 3.1% during the second quarter. Bank of New York Mellon Corp now owns 1,540,799 shares of the bank’s stock valued at $19,953,000 after acquiring an additional 46,080 shares during the last quarter. Finally, Nisa Investment Advisors LLC increased its position in shares of TFS Financial by 86.9% during the second quarter. Nisa Investment Advisors LLC now owns 20,560 shares of the bank’s stock valued at $266,000 after acquiring an additional 9,560 shares during the last quarter. Institutional investors and hedge funds own 9.81% of the company’s stock.

Insider Buying and Selling

In other TFS Financial news, CFO Meredith S. Weil sold 15,000 shares of the company’s stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $13.85, for a total transaction of $207,750.00. Following the sale, the chief financial officer owned 48,527 shares in the company, valued at $672,098.95. This represents a 23.61% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Andrew J. Rubino sold 5,000 shares of the stock in a transaction dated Monday, November 24th. The shares were sold at an average price of $14.23, for a total value of $71,150.00. Following the completion of the sale, the chief operating officer directly owned 19,126 shares in the company, valued at $272,162.98. This represents a 20.72% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 23,900 shares of company stock valued at $331,043 in the last three months. 0.95% of the stock is owned by corporate insiders.

TFS Financial Trading Up 1.1%

Shares of TFSL stock opened at $14.41 on Tuesday. TFS Financial Corporation has a fifty-two week low of $11.29 and a fifty-two week high of $14.73. The company has a 50 day moving average price of $13.55 and a 200 day moving average price of $13.31. The stock has a market capitalization of $4.04 billion, a P/E ratio of 49.69 and a beta of 0.76. The company has a debt-to-equity ratio of 2.59, a quick ratio of 1.54 and a current ratio of 1.54.

TFS Financial (NASDAQ:TFSL) last released its earnings results on Thursday, October 30th. The bank reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.01. The company had revenue of $85.48 million for the quarter, compared to analyst estimates of $84.36 million. TFS Financial had a net margin of 10.67% and a return on equity of 4.40%. Equities research analysts predict that TFS Financial Corporation will post 0.29 EPS for the current fiscal year.

TFS Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 16th. Investors of record on Tuesday, December 2nd will be paid a dividend of $0.2825 per share. This represents a $1.13 annualized dividend and a yield of 7.8%. The ex-dividend date of this dividend is Tuesday, December 2nd. TFS Financial’s payout ratio is presently 353.13%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Weiss Ratings upgraded shares of TFS Financial from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, November 26th. Wall Street Zen raised TFS Financial from a “sell” rating to a “hold” rating in a research report on Saturday, November 1st. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, TFS Financial presently has a consensus rating of “Buy”.

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.