Wells Fargo & Company MN Reduces Position in TFS Financial Co. (TFSL)
Wells Fargo & Company MN lessened its position in shares of TFS Financial Co. (NASDAQ:TFSL) by 62.0% during the third quarter, Holdings Channel reports. The institutional investor owned 28,419 shares of the bank’s stock after selling 46,395 shares during the quarter. Wells Fargo & Company MN’s holdings in TFS Financial were worth $459,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also recently added to or reduced their stakes in TFSL. Vanguard Group Inc. grew its stake in TFS Financial by 0.7% during the 2nd quarter. Vanguard Group Inc. now owns 5,390,460 shares of the bank’s stock worth $83,390,000 after buying an additional 37,420 shares during the last quarter. Russell Investments Group Ltd. grew its stake in TFS Financial by 157.1% during the 3rd quarter. Russell Investments Group Ltd. now owns 39,172 shares of the bank’s stock worth $632,000 after buying an additional 23,934 shares during the last quarter. Aperio Group LLC grew its stake in TFS Financial by 61.2% during the 3rd quarter. Aperio Group LLC now owns 55,009 shares of the bank’s stock worth $887,000 after buying an additional 20,874 shares during the last quarter. Nomura Holdings Inc. purchased a new position in TFS Financial during the 2nd quarter worth approximately $309,000. Finally, Ameriprise Financial Inc. grew its stake in TFS Financial by 23.4% during the 2nd quarter. Ameriprise Financial Inc. now owns 101,891 shares of the bank’s stock worth $1,577,000 after buying an additional 19,340 shares during the last quarter. Hedge funds and other institutional investors own 10.98% of the company’s stock.
Shares of TFS Financial Co. (NASDAQ:TFSL) opened at $15.10 on Friday. TFS Financial Co. has a 1 year low of $14.51 and a 1 year high of $17.82. The company has a debt-to-equity ratio of 2.17, a quick ratio of 1.55 and a current ratio of 1.55. The firm has a market capitalization of $4,110.00, a P/E ratio of 47.19 and a beta of 0.52.
A number of research firms recently issued reports on TFSL. ValuEngine downgraded TFS Financial from a “hold” rating to a “sell” rating in a research note on Friday. BidaskClub upgraded TFS Financial from a “strong sell” rating to a “sell” rating in a research note on Saturday, January 13th. Finally, TheStreet upgraded TFS Financial from a “c+” rating to a “b-” rating in a research note on Monday, October 30th.
About TFS Financial
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.
Want to see what other hedge funds are holding TFSL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TFS Financial Co. (NASDAQ:TFSL).
Receive News & Ratings for TFS Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TFS Financial and related companies with MarketBeat.com's FREE daily email newsletter.