Ameriprise Financial Inc. Has $1.58 Million Holdings in TFS Financial Corporation (TFSL)

Ameriprise Financial Inc. raised its stake in TFS Financial Corporation (NASDAQ:TFSL) by 23.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 101,891 shares of the bank’s stock after purchasing an additional 19,340 shares during the quarter. Ameriprise Financial Inc.’s holdings in TFS Financial Corporation were worth $1,577,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Blue Sky Asset Management LLC purchased a new position in shares of TFS Financial Corporation in the 2nd quarter valued at approximately $142,000. Pacer Advisors Inc. grew its stake in shares of TFS Financial Corporation by 11.4% in the 2nd quarter. Pacer Advisors Inc. now owns 10,555 shares of the bank’s stock valued at $163,000 after purchasing an additional 1,082 shares during the last quarter. Legal & General Group Plc grew its stake in shares of TFS Financial Corporation by 204.1% in the 1st quarter. Legal & General Group Plc now owns 23,311 shares of the bank’s stock valued at $387,000 after purchasing an additional 15,645 shares during the last quarter. Alliancebernstein L.P. grew its stake in shares of TFS Financial Corporation by 2.0% in the 1st quarter. Alliancebernstein L.P. now owns 30,746 shares of the bank’s stock valued at $511,000 after purchasing an additional 600 shares during the last quarter. Finally, UBS Asset Management Americas Inc. grew its stake in shares of TFS Financial Corporation by 28.0% in the 1st quarter. UBS Asset Management Americas Inc. now owns 37,620 shares of the bank’s stock valued at $625,000 after purchasing an additional 8,220 shares during the last quarter. Institutional investors own 11.07% of the company’s stock.

In other TFS Financial Corporation news, COO Meredith S. Weil purchased 5,021 shares of TFS Financial Corporation stock in a transaction dated Tuesday, August 15th. The stock was acquired at an average cost of $15.40 per share, with a total value of $77,323.40. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. 1.39% of the stock is owned by company insiders.

Shares of TFS Financial Corporation (NASDAQ:TFSL) opened at $15.55 on Friday. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 2.11. The company has a market capitalization of $4,376.49, a P/E ratio of 50.16 and a beta of 0.53. TFS Financial Corporation has a 1-year low of $14.68 and a 1-year high of $19.89.

TFS Financial Corporation (NASDAQ:TFSL) last posted its quarterly earnings results on Monday, October 30th. The bank reported $0.08 EPS for the quarter, meeting the consensus estimate of $0.08. The business had revenue of $70.11 million during the quarter, compared to analysts’ expectations of $70.71 million. TFS Financial Corporation had a return on equity of 5.31% and a net margin of 20.73%. The company’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same period last year, the firm earned $0.08 EPS. sell-side analysts anticipate that TFS Financial Corporation will post 0.31 earnings per share for the current fiscal year.

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Several brokerages have weighed in on TFSL. BidaskClub downgraded TFS Financial Corporation from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 10th. TheStreet raised TFS Financial Corporation from a “c+” rating to a “b-” rating in a report on Monday, October 30th. Piper Jaffray Companies reissued a “hold” rating and issued a $18.50 price target on shares of TFS Financial Corporation in a report on Friday, July 28th. Finally, ValuEngine cut TFS Financial Corporation from a “hold” rating to a “sell” rating in a report on Friday, September 1st.

About TFS Financial Corporation

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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Institutional Ownership by Quarter for TFS Financial Corporation (NASDAQ:TFSL)

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