Parametric Portfolio Associates LLC boosted its position in TCF Financial Co. (NYSE:TCF) by 0.7% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 725,363 shares of the bank’s stock after purchasing an additional 5,251 shares during the quarter. Parametric Portfolio Associates LLC owned approximately 0.42% of TCF Financial worth $12,360,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in TCF. Dimensional Fund Advisors LP purchased a new stake in shares of TCF Financial during the third quarter worth about $188,275,000. JPMorgan Chase & Co. grew its stake in shares of TCF Financial by 12.1% during the third quarter. JPMorgan Chase & Co. now owns 6,274,734 shares of the bank’s stock worth $106,545,000 after acquiring an additional 676,834 shares during the last quarter. Hotchkis & Wiley Capital Management LLC purchased a new stake in shares of TCF Financial during the third quarter worth about $57,331,000. LSV Asset Management grew its stake in shares of TCF Financial by 2.4% during the second quarter. LSV Asset Management now owns 2,922,164 shares of the bank’s stock worth $46,579,000 after acquiring an additional 69,407 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. purchased a new stake in shares of TCF Financial during the third quarter worth about $40,868,000. Institutional investors and hedge funds own 82.25% of the company’s stock.
A number of equities research analysts have recently weighed in on TCF shares. Royal Bank of Canada restated a “buy” rating and set a $19.00 price target on shares of TCF Financial in a research note on Friday, September 8th. Zacks Investment Research lowered TCF Financial from a “hold” rating to a “sell” rating in a research note on Monday, September 25th. Piper Jaffray Companies set a $17.00 price target on TCF Financial and gave the stock a “hold” rating in a research note on Friday, October 6th. Keefe, Bruyette & Woods restated a “hold” rating and set a $18.00 price target on shares of TCF Financial in a research note on Sunday, October 29th. Finally, JPMorgan Chase & Co. boosted their price target on TCF Financial from $18.00 to $19.00 and gave the stock a “neutral” rating in a research note on Monday, October 30th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $19.23.
Shares of TCF Financial Co. (NYSE:TCF) opened at $20.50 on Tuesday. The company has a market capitalization of $3,524.61, a P/E ratio of 17.98, a P/E/G ratio of 2.78 and a beta of 1.29. TCF Financial Co. has a 52-week low of $14.58 and a 52-week high of $21.29. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.04 and a quick ratio of 1.03.
TCF Financial (NYSE:TCF) last issued its earnings results on Friday, October 27th. The bank reported $0.29 EPS for the quarter, missing the Zacks’ consensus estimate of $0.31 by ($0.02). The firm had revenue of $343.30 million during the quarter, compared to analysts’ expectations of $340.45 million. TCF Financial had a net margin of 15.27% and a return on equity of 9.63%. TCF Financial’s quarterly revenue was up .4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.31 EPS. equities analysts expect that TCF Financial Co. will post 0.9 EPS for the current year.
About TCF Financial
TCF Financial Corporation (TCF) is a bank holding company. The Company’s principal subsidiary is TCF National Bank (TCF Bank). The Company operates in three segments: Consumer Banking, Wholesale Banking and Enterprise Services. Consumer Banking comprises all of the Company’s consumer-facing businesses.
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