Cigna Investments Inc. New Holds Stake in TFS Financial Corporation (TFSL)
Cigna Investments Inc. New maintained its position in TFS Financial Corporation (NASDAQ:TFSL) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 67,182 shares of the bank’s stock at the end of the second quarter. Cigna Investments Inc. New’s holdings in TFS Financial Corporation were worth $1,039,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of TFSL. Russell Investments Group Ltd. purchased a new position in TFS Financial Corporation during the fourth quarter valued at approximately $316,000. KBC Group NV purchased a new position in TFS Financial Corporation during the first quarter valued at approximately $362,000. Karp Capital Management Corp purchased a new position in TFS Financial Corporation during the first quarter valued at approximately $601,000. Teachers Advisors LLC boosted its position in TFS Financial Corporation by 55.4% in the fourth quarter. Teachers Advisors LLC now owns 180,218 shares of the bank’s stock valued at $3,431,000 after buying an additional 64,241 shares during the period. Finally, Norges Bank purchased a new position in TFS Financial Corporation during the fourth quarter valued at approximately $18,738,000. Institutional investors own 11.25% of the company’s stock.
TFS Financial Corporation (TFSL) opened at 15.22 on Friday. The firm has a market cap of $4.21 billion, a PE ratio of 49.10 and a beta of 0.52. TFS Financial Corporation has a one year low of $14.86 and a one year high of $19.89. The stock has a 50 day moving average of $15.66 and a 200 day moving average of $16.42.
TFS Financial Corporation (NASDAQ:TFSL) last issued its quarterly earnings results on Thursday, July 27th. The bank reported $0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.01. The business had revenue of $75.08 million during the quarter, compared to analyst estimates of $70.88 million. TFS Financial Corporation had a net margin of 21.03% and a return on equity of 5.31%. During the same quarter in the previous year, the firm earned $0.07 earnings per share. On average, equities analysts forecast that TFS Financial Corporation will post $0.31 earnings per share for the current year.
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Several research analysts have commented on TFSL shares. Piper Jaffray Companies reiterated a “hold” rating and set a $18.50 price target on shares of TFS Financial Corporation in a report on Friday, July 28th. BidaskClub upgraded shares of TFS Financial Corporation from a “strong sell” rating to a “sell” rating in a report on Wednesday, August 2nd.
In related news, Director Anthony J. Asher sold 22,000 shares of TFS Financial Corporation stock in a transaction on Tuesday, May 16th. The shares were sold at an average price of $16.42, for a total value of $361,240.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.39% of the stock is currently owned by insiders.
About TFS Financial Corporation
TFS Financial Corporation is the holding company of Third Federal Savings and Loan Association of Cleveland (Association). The Association is a savings and loan association. The Association’s principal business consists of originating and servicing residential real estate mortgage loans and attracting retail savings deposits.
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