Advisors Asset Management Inc. grew its holdings in TFS Financial Co. (NASDAQ:TFSL) by 22.1% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 39,773 shares of the bank’s stock after acquiring an additional 7,189 shares during the period. Advisors Asset Management Inc.’s holdings in TFS Financial were worth $597,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Renaissance Technologies LLC raised its stake in TFS Financial by 0.6% during the 3rd quarter. Renaissance Technologies LLC now owns 6,249,000 shares of the bank’s stock valued at $93,797,000 after purchasing an additional 39,478 shares during the last quarter. Stieven Capital Advisors L.P. raised its stake in shares of TFS Financial by 0.3% in the 3rd quarter. Stieven Capital Advisors L.P. now owns 1,546,021 shares of the bank’s stock valued at $23,206,000 after buying an additional 4,000 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of TFS Financial by 2.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,125,050 shares of the bank’s stock valued at $16,887,000 after buying an additional 27,982 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of TFS Financial by 1.0% in the 3rd quarter. Bank of New York Mellon Corp now owns 749,974 shares of the bank’s stock valued at $11,257,000 after buying an additional 7,100 shares in the last quarter. Finally, Bank of America Corp DE raised its stake in shares of TFS Financial by 45.7% in the 2nd quarter. Bank of America Corp DE now owns 558,081 shares of the bank’s stock valued at $8,801,000 after buying an additional 175,106 shares in the last quarter. 10.86% of the stock is owned by institutional investors and hedge funds.
Shares of NASDAQ:TFSL opened at $16.71 on Friday. TFS Financial Co. has a 12 month low of $14.19 and a 12 month high of $17.00. The company has a debt-to-equity ratio of 2.12, a quick ratio of 1.55 and a current ratio of 1.55. The stock has a market cap of $4.76 billion, a price-to-earnings ratio of 52.22 and a beta of 0.28.
TFS Financial (NASDAQ:TFSL) last issued its quarterly earnings data on Monday, October 29th. The bank reported $0.08 EPS for the quarter, hitting analysts’ consensus estimates of $0.08. TFS Financial had a net margin of 18.38% and a return on equity of 5.19%. The firm had revenue of $73.87 million for the quarter, compared to analyst estimates of $75.60 million. Analysts expect that TFS Financial Co. will post 0.34 earnings per share for the current fiscal year.
TFSL has been the subject of a number of recent research reports. BidaskClub upgraded shares of TFS Financial from a “sell” rating to a “hold” rating in a research note on Thursday, October 11th. ValuEngine upgraded shares of TFS Financial from a “hold” rating to a “buy” rating in a research report on Friday, November 16th. Finally, Sandler O’Neill assumed coverage on shares of TFS Financial in a research report on Friday, September 21st. They set a “buy” rating and a $18.00 target price for the company.
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TFS Financial Profile
TFS Financial Corporation, through its subsidiaries, provides retail consumer banking services in the United States. Its deposit products include savings accounts, checking accounts, certificate of deposit accounts, individual retirement accounts, and other qualified plan accounts. 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.
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