Prasad Wealth Partners LLC Invests $139,000 in TFS Financial Corporation $TFSL

Prasad Wealth Partners LLC bought a new position in TFS Financial Corporation (NASDAQ:TFSL) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 10,758 shares of the bank’s stock, valued at approximately $139,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in TFSL. Nuveen LLC bought a new position in shares of TFS Financial in the first quarter worth approximately $2,341,000. Cramer Rosenthal Mcglynn LLC lifted its position in TFS Financial by 6.4% during the first quarter. Cramer Rosenthal Mcglynn LLC now owns 1,388,669 shares of the bank’s stock valued at $17,206,000 after purchasing an additional 84,002 shares during the period. Goldman Sachs Group Inc. lifted its position in TFS Financial by 64.4% during the first quarter. Goldman Sachs Group Inc. now owns 91,920 shares of the bank’s stock valued at $1,139,000 after purchasing an additional 36,004 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in TFS Financial by 3.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 966,757 shares of the bank’s stock valued at $11,978,000 after purchasing an additional 34,883 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in TFS Financial by 15.2% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 204,790 shares of the bank’s stock valued at $2,537,000 after purchasing an additional 26,949 shares during the period. Institutional investors own 9.81% of the company’s stock.

TFS Financial Stock Up 2.2%

Shares of TFSL stock opened at $13.65 on Tuesday. TFS Financial Corporation has a 12 month low of $11.29 and a 12 month high of $14.99. The stock has a market cap of $3.83 billion, a P/E ratio of 47.07 and a beta of 0.73. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 2.59. The company has a 50 day simple moving average of $13.31 and a two-hundred day simple moving average of $13.01.

TFS Financial (NASDAQ:TFSL) last announced its earnings results on Wednesday, July 30th. The bank reported $0.08 EPS for the quarter, meeting analysts’ consensus estimates of $0.08. TFS Financial had a net margin of 10.67% and a return on equity of 4.40%. The business had revenue of $82.04 million during the quarter, compared to analysts’ expectations of $80.30 million. On average, research analysts expect that TFS Financial Corporation will post 0.29 earnings per share for the current year.

TFS Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 24th. Shareholders of record on Wednesday, September 10th were issued a dividend of $0.2825 per share. This represents a $1.13 dividend on an annualized basis and a yield of 8.3%. The ex-dividend date of this dividend was Wednesday, September 10th. TFS Financial’s dividend payout ratio is currently 389.66%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “hold (c+)” rating on shares of TFS Financial in a research report on Saturday, September 27th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat, TFS Financial currently has a consensus rating of “Hold” and an average price target of $15.00.

Insider Buying and Selling at TFS Financial

In other TFS Financial news, Director Anthony J. Asher bought 37,675 shares of TFS Financial stock in a transaction on Thursday, August 21st. The stock was acquired at an average cost of $13.26 per share, with a total value of $499,570.50. Following the completion of the acquisition, the director owned 37,675 shares in the company, valued at approximately $499,570.50. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Daniel F. Weir sold 3,900 shares of the company’s stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $13.37, for a total transaction of $52,143.00. Following the sale, the director directly owned 14,941 shares of the company’s stock, valued at approximately $199,761.17. This represents a 20.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 38,100 shares of company stock valued at $516,267 in the last quarter. Insiders own 0.95% of the company’s stock.

TFS Financial Company Profile

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.