Oppenheimer Asset Management Inc. Takes Position in TFS Financial Co. (NASDAQ:TFSL)

Oppenheimer Asset Management Inc. bought a new stake in TFS Financial Co. (NASDAQ:TFSLFree Report) during the third quarter, HoldingsChannel.com reports. The institutional investor bought 11,323 shares of the bank’s stock, valued at approximately $134,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TFSL. Cramer Rosenthal Mcglynn LLC grew its holdings in TFS Financial by 132.4% during the second quarter. Cramer Rosenthal Mcglynn LLC now owns 1,415,316 shares of the bank’s stock worth $17,791,000 after acquiring an additional 806,230 shares during the period. BlackRock Inc. grew its holdings in TFS Financial by 16.7% in the second quarter. BlackRock Inc. now owns 3,363,618 shares of the bank’s stock valued at $42,281,000 after purchasing an additional 482,563 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in TFS Financial by 25.7% in the second quarter. Dimensional Fund Advisors LP now owns 2,084,668 shares of the bank’s stock valued at $26,205,000 after purchasing an additional 425,609 shares during the last quarter. Millennium Management LLC grew its holdings in TFS Financial by 462.7% in the second quarter. Millennium Management LLC now owns 388,678 shares of the bank’s stock valued at $5,337,000 after purchasing an additional 319,603 shares during the last quarter. Finally, Norges Bank acquired a new stake in TFS Financial in the fourth quarter valued at $3,878,000. Institutional investors and hedge funds own 9.49% of the company’s stock.

Insider Buying and Selling at TFS Financial

In other news, Director Daniel F. Weir sold 15,000 shares of the company’s stock in a transaction on Thursday, January 11th. The stock was sold at an average price of $13.82, for a total value of $207,300.00. Following the sale, the director now directly owns 24,805 shares in the company, valued at $342,805.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Daniel F. Weir sold 15,000 shares of the company’s stock in a transaction on Thursday, January 11th. The stock was sold at an average price of $13.82, for a total value of $207,300.00. Following the sale, the director now directly owns 24,805 shares in the company, valued at $342,805.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Meredith S. Weil sold 15,883 shares of the company’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of $13.28, for a total value of $210,926.24. Following the completion of the sale, the chief operating officer now owns 99,567 shares in the company, valued at $1,322,249.76. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 130,641 shares of company stock valued at $1,851,739. Insiders own 1.13% of the company’s stock.

TFS Financial Stock Up 1.4 %

TFS Financial stock opened at $13.27 on Monday. The company has a debt-to-equity ratio of 2.74, a quick ratio of 1.64 and a current ratio of 1.64. The firm has a market capitalization of $3.73 billion, a price-to-earnings ratio of 51.04 and a beta of 0.66. TFS Financial Co. has a fifty-two week low of $10.97 and a fifty-two week high of $15.25. The stock’s fifty day moving average is $14.04 and its two-hundred day moving average is $13.33.

TFS Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 13th. Shareholders of record on Wednesday, November 29th were issued a $0.2825 dividend. This represents a $1.13 annualized dividend and a yield of 8.52%. The ex-dividend date was Tuesday, November 28th. TFS Financial’s dividend payout ratio (DPR) is 434.62%.

About TFS Financial

(Free Report)

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.

Further Reading

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

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