Alpha Windward LLC purchased a new stake in shares of TCF Financial Co. (NYSE:TCF) during the 4th quarter, HoldingsChannel.com reports. The firm purchased 29,209 shares of the bank’s stock, valued at approximately $599,000.
A number of other hedge funds have also recently added to or reduced their stakes in TCF. Victory Capital Management Inc. grew its position in TCF Financial by 17.6% during the second quarter. Victory Capital Management Inc. now owns 9,156 shares of the bank’s stock valued at $146,000 after buying an additional 1,372 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its position in TCF Financial by 9.8% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,487 shares of the bank’s stock valued at $103,000 after buying an additional 580 shares during the period. Swiss National Bank grew its position in TCF Financial by 2.0% during the second quarter. Swiss National Bank now owns 272,800 shares of the bank’s stock valued at $4,348,000 after buying an additional 5,300 shares during the period. Riverhead Capital Management LLC grew its position in TCF Financial by 33.2% during the second quarter. Riverhead Capital Management LLC now owns 19,582 shares of the bank’s stock valued at $312,000 after buying an additional 4,882 shares during the period. Finally, Ameriprise Financial Inc. grew its position in TCF Financial by 12.2% during the second quarter. Ameriprise Financial Inc. now owns 580,490 shares of the bank’s stock valued at $9,253,000 after buying an additional 62,920 shares during the period. Institutional investors own 82.24% of the company’s stock.
TCF Financial Co. (NYSE TCF) opened at $22.12 on Thursday. The company has a current ratio of 1.04, a quick ratio of 1.03 and a debt-to-equity ratio of 0.59. The stock has a market cap of $3,782.51, a price-to-earnings ratio of 19.40, a price-to-earnings-growth ratio of 1.64 and a beta of 1.29. TCF Financial Co. has a twelve month low of $14.58 and a twelve month high of $22.42.
TCF has been the topic of several analyst reports. Zacks Investment Research lowered shares of TCF Financial from a “hold” rating to a “sell” rating in a research report on Monday, September 25th. Piper Jaffray Companies set a $17.00 price objective on shares of TCF Financial and gave the company a “hold” rating in a report on Friday, October 6th. Royal Bank of Canada reaffirmed a “buy” rating and set a $20.00 price objective on shares of TCF Financial in a report on Friday, October 27th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $18.00 price objective on shares of TCF Financial in a report on Sunday, October 29th. Finally, JPMorgan Chase & Co. increased their price objective on shares of TCF Financial from $18.00 to $19.00 and gave the company a “neutral” rating in a report on Monday, October 30th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the stock. TCF Financial has an average rating of “Hold” and an average price target of $19.85.
In other news, Director Peter Bell sold 15,000 shares of the firm’s stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $20.53, for a total value of $307,950.00. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 2.50% of the company’s stock.
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TCF Financial Profile
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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