SG Americas Securities LLC Sells 2,708 Shares of TFS Financial Co. (NASDAQ:TFSL)

SG Americas Securities LLC trimmed its holdings in TFS Financial Co. (NASDAQ:TFSL) by 22.2% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,471 shares of the bank’s stock after selling 2,708 shares during the period. SG Americas Securities LLC’s holdings in TFS Financial were worth $122,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its holdings in shares of TFS Financial by 5.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,476,938 shares of the bank’s stock worth $31,258,000 after buying an additional 122,562 shares during the period. Signature Estate & Investment Advisors LLC bought a new stake in shares of TFS Financial during the 2nd quarter worth $915,000. Frank Rimerman Advisors LLC bought a new stake in shares of TFS Financial during the 2nd quarter worth $387,000. Panagora Asset Management Inc. boosted its holdings in shares of TFS Financial by 43.2% during the 2nd quarter. Panagora Asset Management Inc. now owns 94,491 shares of the bank’s stock worth $1,192,000 after buying an additional 28,497 shares during the period. Finally, Vanguard Group Inc. boosted its holdings in shares of TFS Financial by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 5,215,605 shares of the bank’s stock worth $65,508,000 after buying an additional 23,668 shares during the period. 9.81% of the stock is owned by institutional investors.

Insider Activity at TFS Financial

In related news, CFO Meredith S. Weil sold 6,500 shares of the company’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $13.09, for a total transaction of $85,085.00. Following the completion of the transaction, the chief financial officer now directly owns 91,216 shares in the company, valued at $1,194,017.44. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, CFO Meredith S. Weil sold 6,500 shares of the company’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $13.09, for a total transaction of $85,085.00. Following the completion of the transaction, the chief financial officer now directly owns 91,216 shares in the company, valued at $1,194,017.44. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Marc A. Stefanski sold 20,000 shares of the stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $12.82, for a total transaction of $256,400.00. Following the completion of the transaction, the chief executive officer now owns 37,150 shares of the company’s stock, valued at approximately $476,263. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 42,500 shares of company stock worth $546,605 in the last ninety days. 1.13% of the stock is currently owned by insiders.

TFS Financial Price Performance

NASDAQ TFSL opened at $12.75 on Friday. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 2.52. The company has a fifty day simple moving average of $13.04 and a 200 day simple moving average of $12.90. The company has a market cap of $3.58 billion, a P/E ratio of 47.22 and a beta of 0.68. TFS Financial Co. has a 1 year low of $11.05 and a 1 year high of $15.25.

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

TFS Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 24th. Investors of record on Tuesday, September 10th were paid a dividend of $0.2825 per share. This represents a $1.13 annualized dividend and a yield of 8.86%. The ex-dividend date of this dividend was Tuesday, September 10th. TFS Financial’s payout ratio is currently 418.52%.

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.