TFS Financial Co. (NASDAQ:TFSL) Shares Acquired by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. lifted its holdings in shares of TFS Financial Co. (NASDAQ:TFSL) by 75.2% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 18,876 shares of the bank’s stock after acquiring an additional 8,101 shares during the period. Oppenheimer Asset Management Inc.’s holdings in TFS Financial were worth $238,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. lifted its position in TFS Financial by 106.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,875 shares of the bank’s stock worth $28,000 after purchasing an additional 965 shares during the period. Allspring Global Investments Holdings LLC lifted its position in shares of TFS Financial by 585.3% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,008 shares of the bank’s stock valued at $25,000 after acquiring an additional 1,715 shares during the last quarter. BNP Paribas Financial Markets lifted its position in shares of TFS Financial by 65.0% during the 1st quarter. BNP Paribas Financial Markets now owns 2,328 shares of the bank’s stock valued at $29,000 after acquiring an additional 917 shares during the last quarter. Kapitalo Investimentos Ltda acquired a new stake in shares of TFS Financial during the 4th quarter valued at $49,000. Finally, Fidelis Capital Partners LLC acquired a new stake in shares of TFS Financial during the 1st quarter valued at $44,000. 9.81% of the stock is currently owned by institutional investors and hedge funds.

TFS Financial Price Performance

Shares of NASDAQ:TFSL opened at $13.05 on Friday. TFS Financial Co. has a one year low of $10.97 and a one year high of $15.25. The stock has a fifty day moving average of $13.31 and a 200-day moving average of $12.83. The company has a market capitalization of $3.66 billion, a PE ratio of 48.33 and a beta of 0.68. The company has a debt-to-equity ratio of 2.52, a quick ratio of 1.55 and a current ratio of 1.55.

TFS Financial (NASDAQ:TFSL) last announced its quarterly earnings data on Tuesday, July 30th. The bank reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.01. TFS Financial had a return on equity of 4.25% and a net margin of 10.97%. The company had revenue of $191.15 million during the quarter.

TFS Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 24th. Shareholders of record on Tuesday, September 10th will be paid a dividend of $0.2825 per share. This represents a $1.13 annualized dividend and a yield of 8.66%. The ex-dividend date of this dividend is Tuesday, September 10th. TFS Financial’s dividend payout ratio (DPR) is currently 418.52%.

Insider Buying and Selling at TFS Financial

In other TFS Financial news, CEO Marc A. Stefanski sold 16,000 shares of the business’s stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $12.82, for a total transaction of $205,120.00. Following the sale, the chief executive officer now directly owns 227,080 shares of the company’s stock, valued at approximately $2,911,165.60. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CFO Meredith S. Weil sold 6,500 shares of the stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $13.09, for a total transaction of $85,085.00. Following the completion of the sale, the chief financial officer now directly owns 91,216 shares in the company, valued at $1,194,017.44. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Marc A. Stefanski sold 16,000 shares of the stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $12.82, for a total value of $205,120.00. Following the sale, the chief executive officer now owns 227,080 shares of the company’s stock, valued at $2,911,165.60. The disclosure for this sale can be found here. Insiders have sold a total of 42,500 shares of company stock valued at $546,605 in the last three months. 1.13% of the stock is currently owned by company insiders.

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.