TFS Financial Co. (NASDAQ:TFSL) Holdings Reduced by Parametric Portfolio Associates LLC
Parametric Portfolio Associates LLC trimmed its position in shares of TFS Financial Co. (NASDAQ:TFSL) by 0.9% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 618,846 shares of the bank’s stock after selling 5,409 shares during the quarter. Parametric Portfolio Associates LLC’s holdings in TFS Financial were worth $10,192,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in TFSL. Morgan Stanley lifted its holdings in shares of TFS Financial by 26.2% during the 3rd quarter. Morgan Stanley now owns 246,106 shares of the bank’s stock valued at $3,694,000 after buying an additional 51,074 shares during the period. Advisors Asset Management Inc. lifted its holdings in shares of TFS Financial by 63.4% during the 4th quarter. Advisors Asset Management Inc. now owns 64,971 shares of the bank’s stock valued at $1,048,000 after buying an additional 25,198 shares during the period. Rhumbline Advisers lifted its holdings in shares of TFS Financial by 4.3% during the 4th quarter. Rhumbline Advisers now owns 44,328 shares of the bank’s stock valued at $715,000 after buying an additional 1,842 shares during the period. Victory Capital Management Inc. bought a new position in shares of TFS Financial during the 4th quarter valued at $6,202,000. Finally, Kovack Advisors Inc. lifted its holdings in shares of TFS Financial by 54.5% during the 4th quarter. Kovack Advisors Inc. now owns 24,650 shares of the bank’s stock valued at $398,000 after buying an additional 8,700 shares during the period. 11.66% of the stock is currently owned by hedge funds and other institutional investors.
Several equities analysts have recently weighed in on the company. Zacks Investment Research cut TFS Financial from a “hold” rating to a “sell” rating in a report on Tuesday, May 7th. TheStreet cut TFS Financial from a “b-” rating to a “c+” rating in a report on Tuesday, April 30th. Finally, BidaskClub raised TFS Financial from a “hold” rating to a “buy” rating in a report on Thursday, May 30th. One analyst has rated the stock with a sell rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $18.00.
TFS Financial (NASDAQ:TFSL) last released its quarterly earnings results on Tuesday, April 30th. The bank reported $0.07 earnings per share for the quarter, meeting the consensus estimate of $0.07. The firm had revenue of $72.67 million for the quarter, compared to analysts’ expectations of $73.10 million. TFS Financial had a return on equity of 4.75% and a net margin of 17.07%. As a group, analysts forecast that TFS Financial Co. will post 0.3 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 25th. Stockholders of record on Tuesday, June 11th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, June 10th. This represents a $1.00 annualized dividend and a dividend yield of 5.63%. TFS Financial’s payout ratio is 312.50%.
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TFS Financial Profile
TFS Financial Corporation, through its subsidiaries, provides retail consumer banking services in the United States. The company's deposit products include savings, money market, checking, certificate of deposit, individual retirement, and other qualified plan accounts. It 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.
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