TFS Financial Co. (NASDAQ:TFSL) Position Boosted by Wells Fargo & Company MN

Wells Fargo & Company MN grew its holdings in shares of TFS Financial Co. (NASDAQ:TFSL) by 17.2% during the fourth quarter, Holdings Channel.com reports. The firm owned 11,948 shares of the bank’s stock after buying an additional 1,750 shares during the quarter. Wells Fargo & Company MN’s holdings in TFS Financial were worth $150,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of the stock. ExodusPoint Capital Management LP boosted its holdings in shares of TFS Financial by 125.0% in the fourth quarter. ExodusPoint Capital Management LP now owns 55,686 shares of the bank’s stock valued at $699,000 after acquiring an additional 30,937 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of TFS Financial by 1.3% in the 4th quarter. Geode Capital Management LLC now owns 1,095,481 shares of the bank’s stock worth $13,763,000 after purchasing an additional 14,280 shares in the last quarter. Alliancebernstein L.P. boosted its holdings in TFS Financial by 10.9% during the fourth quarter. Alliancebernstein L.P. now owns 65,052 shares of the bank’s stock worth $817,000 after buying an additional 6,390 shares in the last quarter. Maridea Wealth Management LLC acquired a new stake in shares of TFS Financial during the 4th quarter valued at $483,000. Finally, Norges Bank acquired a new stake in shares of TFS Financial during the fourth quarter worth $4,689,000. Institutional investors and hedge funds own 9.81% of the company’s stock.

Insider Buying and Selling at TFS Financial

In other news, Director Daniel F. Weir sold 10,000 shares of TFS Financial stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $13.11, for a total transaction of $131,100.00. Following the completion of the sale, the director now directly owns 18,841 shares in the company, valued at $247,005.51. The trade was a 34.67 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Meredith S. Weil sold 15,000 shares of TFS Financial stock in a transaction that occurred on Tuesday, May 6th. The shares were sold at an average price of $13.48, for a total transaction of $202,200.00. Following the completion of the sale, the chief financial officer now owns 78,527 shares of the company’s stock, valued at $1,058,543.96. This trade represents a 16.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 178,562 shares of company stock valued at $2,357,394 in the last quarter. Company insiders own 0.95% of the company’s stock.

TFS Financial Trading Down 0.8 %

NASDAQ:TFSL opened at $13.32 on Friday. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 2.43. TFS Financial Co. has a 1-year low of $11.29 and a 1-year high of $15.00. The firm has a market capitalization of $3.74 billion, a price-to-earnings ratio of 47.57 and a beta of 0.78. The stock has a fifty day simple moving average of $12.45 and a 200 day simple moving average of $12.98.

TFS Financial (NASDAQ:TFSL) last issued its quarterly earnings results on Wednesday, April 30th. The bank reported $0.07 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.07. TFS Financial had a return on equity of 4.28% and a net margin of 10.58%. The business had revenue of $79.12 million for the quarter, compared to the consensus estimate of $69.42 million. Sell-side analysts forecast that TFS Financial Co. will post 0.29 earnings per share for the current year.

TFS Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, March 6th were given a dividend of $0.2825 per share. This represents a $1.13 dividend on an annualized basis and a yield of 8.48%. The ex-dividend date was Thursday, March 6th. TFS Financial’s payout ratio is presently 403.57%.

About TFS Financial

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.