Swiss National Bank decreased its position in shares of TFS Financial Corporation (NASDAQ:TFSL) by 20.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 94,500 shares of the bank’s stock after selling 24,700 shares during the quarter. Swiss National Bank’s holdings in TFS Financial Corporation were worth $1,462,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also recently made changes to their positions in TFSL. Vanguard Group Inc. boosted its holdings in shares of TFS Financial Corporation by 6.0% during the first quarter. Vanguard Group Inc. now owns 5,353,040 shares of the bank’s stock valued at $88,967,000 after acquiring an additional 303,049 shares during the period. Citadel Advisors LLC boosted its holdings in shares of TFS Financial Corporation by 836.2% during the first quarter. Citadel Advisors LLC now owns 137,778 shares of the bank’s stock valued at $2,290,000 after acquiring an additional 123,061 shares during the period. FMR LLC boosted its holdings in shares of TFS Financial Corporation by 5.3% during the first quarter. FMR LLC now owns 2,107,962 shares of the bank’s stock valued at $35,034,000 after acquiring an additional 105,200 shares during the period. Victory Capital Management Inc. boosted its holdings in shares of TFS Financial Corporation by 15.4% during the second quarter. Victory Capital Management Inc. now owns 615,553 shares of the bank’s stock valued at $9,523,000 after acquiring an additional 82,282 shares during the period. Finally, Renaissance Technologies LLC boosted its holdings in shares of TFS Financial Corporation by 1.0% during the first quarter. Renaissance Technologies LLC now owns 6,044,122 shares of the bank’s stock valued at $100,453,000 after acquiring an additional 62,100 shares during the period. 11.10% of the stock is owned by institutional investors.
Shares of TFS Financial Corporation (TFSL) opened at 15.83 on Wednesday. The company’s 50 day moving average is $15.43 and its 200-day moving average is $15.85. TFS Financial Corporation has a 52 week low of $14.68 and a 52 week high of $19.89. The company has a market capitalization of $4.38 billion, a PE ratio of 51.06 and a beta of 0.55.
TFS Financial Corporation (NASDAQ:TFSL) last announced its earnings results on Thursday, July 27th. The bank reported $0.08 EPS for the quarter, topping the consensus estimate of $0.07 by $0.01. The company had revenue of $75.08 million for the quarter, compared to analysts’ expectations of $70.88 million. TFS Financial Corporation had a return on equity of 5.31% and a net margin of 21.03%. During the same quarter in the prior year, the business earned $0.07 earnings per share. On average, analysts expect that TFS Financial Corporation will post $0.31 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Monday, September 25th. Stockholders of record on Monday, September 11th were issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 4.30%. The ex-dividend date was Friday, September 8th. This is a boost from TFS Financial Corporation’s previous quarterly dividend of $0.13. TFS Financial Corporation’s dividend payout ratio is presently 219.35%.
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TFSL has been the subject of several analyst reports. BidaskClub downgraded shares of TFS Financial Corporation from a “sell” rating to a “strong sell” rating in a report on Thursday, August 10th. ValuEngine cut shares of TFS Financial Corporation from a “hold” rating to a “sell” rating in a research note on Friday, September 1st. Finally, Piper Jaffray Companies restated a “hold” rating and set a $18.50 price objective on shares of TFS Financial Corporation in a research note on Friday, July 28th.
In other TFS Financial Corporation news, COO Meredith S. Weil bought 5,021 shares of the firm’s stock in a transaction dated Tuesday, August 15th. The shares were bought at an average price of $15.40 per share, for a total transaction of $77,323.40. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.39% of the stock is currently owned by corporate insiders.
TFS Financial Corporation Company Profile
TFS Financial Corporation is the holding company of Third Federal Savings and Loan Association of Cleveland (Association). The Association is a savings and loan association. The Association’s principal business consists of originating and servicing residential real estate mortgage loans and attracting retail savings deposits.
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