Mirae Asset Global Investments Co. Ltd. Purchases 143,256 Shares of TFS Financial Co. (NASDAQ:TFSL)

Mirae Asset Global Investments Co. Ltd. lifted its position in TFS Financial Co. (NASDAQ:TFSLGet Rating) by 21.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 805,848 shares of the bank’s stock after buying an additional 143,256 shares during the period. Mirae Asset Global Investments Co. Ltd. owned about 0.29% of TFS Financial worth $13,377,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Quadrant Capital Group LLC raised its holdings in shares of TFS Financial by 181.6% during the first quarter. Quadrant Capital Group LLC now owns 2,008 shares of the bank’s stock valued at $33,000 after purchasing an additional 1,295 shares during the last quarter. Lindbrook Capital LLC raised its holdings in shares of TFS Financial by 1,092.2% during the first quarter. Lindbrook Capital LLC now owns 2,897 shares of the bank’s stock valued at $48,000 after purchasing an additional 2,654 shares during the last quarter. Parallel Advisors LLC raised its holdings in shares of TFS Financial by 43.6% during the first quarter. Parallel Advisors LLC now owns 5,342 shares of the bank’s stock valued at $90,000 after purchasing an additional 1,621 shares during the last quarter. Signaturefd LLC raised its holdings in shares of TFS Financial by 156.3% during the first quarter. Signaturefd LLC now owns 6,026 shares of the bank’s stock valued at $100,000 after purchasing an additional 3,675 shares during the last quarter. Finally, Meeder Asset Management Inc. purchased a new position in shares of TFS Financial during the first quarter valued at approximately $134,000. Institutional investors own 8.99% of the company’s stock.

TFS Financial Stock Up 2.6 %

Shares of TFSL stock opened at $13.99 on Tuesday. TFS Financial Co. has a 12 month low of $12.81 and a 12 month high of $20.50. The stock has a market cap of $3.93 billion, a P/E ratio of 58.29 and a beta of 0.49. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 2.34. The company has a 50 day simple moving average of $14.37 and a two-hundred day simple moving average of $14.80.

TFS Financial (NASDAQ:TFSLGet Rating) last announced its earnings results on Thursday, July 28th. The bank reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.01. The business had revenue of $76.98 million during the quarter, compared to analysts’ expectations of $71.00 million. TFS Financial had a net margin of 16.11% and a return on equity of 3.73%. On average, research analysts expect that TFS Financial Co. will post 0.26 earnings per share for the current year.

TFS Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 20th. Stockholders of record on Tuesday, September 6th will be paid a $0.2825 dividend. The ex-dividend date is Friday, September 2nd. This represents a $1.13 dividend on an annualized basis and a dividend yield of 8.08%. TFS Financial’s dividend payout ratio (DPR) is presently 470.85%.

Insider Transactions at TFS Financial

In other news, CFO Timothy W. Mulhern sold 3,482 shares of the stock in a transaction on Wednesday, September 14th. The shares were sold at an average price of $13.73, for a total value of $47,807.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Martin J. Cohen sold 6,300 shares of the stock in a transaction on Monday, August 22nd. The shares were sold at an average price of $14.92, for a total value of $93,996.00. Following the completion of the sale, the director now directly owns 19,200 shares of the company’s stock, valued at $286,464. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Timothy W. Mulhern sold 3,482 shares of the company’s stock in a transaction on Wednesday, September 14th. The stock was sold at an average price of $13.73, for a total transaction of $47,807.86. The disclosure for this sale can be found here. Corporate insiders own 1.34% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of TFS Financial from a “sell” rating to a “hold” rating in a report on Saturday, July 30th.

About TFS Financial

(Get Rating)

TFS Financial Corporation, through its subsidiaries, provides retail consumer banking services in the United States. Its deposit products include savings, money market, checking, individual retirement, and other qualified plan accounts, as well as certificates of deposit. 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.

Featured Articles

Want to see what other hedge funds are holding TFSL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TFS Financial Co. (NASDAQ:TFSLGet Rating).

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

Receive News & Ratings for TFS Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TFS Financial and related companies with MarketBeat.com's FREE daily email newsletter.