Municipal Employees Retirement System of Michigan cut its position in shares of TCF Financial Co. (NYSE:TCB) by 16.6% during the second quarter, Holdings Channel reports. The institutional investor owned 66,100 shares of the company’s stock after selling 13,140 shares during the period. Municipal Employees Retirement System of Michigan’s holdings in TCF Financial were worth $1,054,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Great West Life Assurance Co. Can boosted its stake in shares of TCF Financial by 2.8% in the first quarter. Great West Life Assurance Co. Can now owns 103,070 shares of the company’s stock worth $1,754,000 after buying an additional 2,787 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its stake in shares of TCF Financial by 1.3% in the first quarter. Oregon Public Employees Retirement Fund now owns 60,218 shares of the company’s stock worth $1,025,000 after buying an additional 800 shares in the last quarter. Cardinal Capital Management boosted its stake in shares of TCF Financial by 1.4% in the first quarter. Cardinal Capital Management now owns 56,610 shares of the company’s stock worth $964,000 after buying an additional 804 shares in the last quarter. Glen Harbor Capital Management LLC boosted its stake in shares of TCF Financial by 75.4% in the first quarter. Glen Harbor Capital Management LLC now owns 12,892 shares of the company’s stock worth $219,000 after buying an additional 5,544 shares in the last quarter. Finally, First Citizens Bank & Trust Co. purchased a new stake in shares of TCF Financial during the first quarter worth about $270,000.

Shares of TCF Financial Co. (NYSE:TCB) opened at 16.86 on Friday. TCF Financial Co. has a 12 month low of $11.72 and a 12 month high of $20.03. The stock’s 50 day moving average price is $16.66 and its 200 day moving average price is $17.23.

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Separately, Morgan Stanley restated an “equal weight” rating and issued a $16.50 price objective (down from $18.00) on shares of TCF Financial in a research note on Monday, June 5th.

About TCF Financial

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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Institutional Ownership by Quarter for TCF Financial (NYSE:TCB)

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