Dimensional Fund Advisors LP Boosts Holdings in TFS Financial Co. (NASDAQ:TFSL)

Dimensional Fund Advisors LP raised its stake in shares of TFS Financial Co. (NASDAQ:TFSL) by 5.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,476,938 shares of the bank’s stock after buying an additional 122,562 shares during the quarter. Dimensional Fund Advisors LP owned about 0.88% of TFS Financial worth $31,258,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Oppenheimer Asset Management Inc. increased its holdings in TFS Financial by 75.2% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 18,876 shares of the bank’s stock valued at $238,000 after acquiring an additional 8,101 shares during the last quarter. Malaga Cove Capital LLC lifted its position in shares of TFS Financial by 70.3% in the second quarter. Malaga Cove Capital LLC now owns 23,593 shares of the bank’s stock worth $298,000 after buying an additional 9,740 shares in the last quarter. Panagora Asset Management Inc. boosted its stake in TFS Financial by 43.2% during the second quarter. Panagora Asset Management Inc. now owns 94,491 shares of the bank’s stock valued at $1,192,000 after buying an additional 28,497 shares during the last quarter. Signature Estate & Investment Advisors LLC purchased a new position in TFS Financial during the 2nd quarter valued at approximately $915,000. Finally, SG Americas Securities LLC raised its holdings in shares of TFS Financial by 12.6% during the 2nd quarter. SG Americas Securities LLC now owns 12,179 shares of the bank’s stock worth $154,000 after acquiring an additional 1,361 shares in the last quarter. Institutional investors own 9.81% of the company’s stock.

TFS Financial Trading Down 2.2 %

TFSL stock opened at $12.58 on Wednesday. The firm has a fifty day moving average price of $13.23 and a 200 day moving average price of $12.84. TFS Financial Co. has a fifty-two week low of $10.97 and a fifty-two week high of $15.25. The company has a debt-to-equity ratio of 2.52, a quick ratio of 1.55 and a current ratio of 1.55. The firm has a market cap of $3.53 billion, a PE ratio of 46.59 and a beta of 0.68.

TFS Financial (NASDAQ:TFSL) last released its earnings results on Tuesday, July 30th. The bank reported $0.07 earnings per share (EPS) for the quarter, topping 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 firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 24th. Shareholders of record on Tuesday, September 10th were given a $0.2825 dividend. This represents a $1.13 annualized dividend and a yield of 8.98%. The ex-dividend date was Tuesday, September 10th. TFS Financial’s dividend payout ratio (DPR) is presently 418.52%.

Insider Transactions at TFS Financial

In other TFS Financial news, CEO Marc A. Stefanski sold 20,000 shares of the company’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $12.82, for a total value of $256,400.00. Following the transaction, the chief executive officer now directly owns 37,150 shares in the company, valued at approximately $476,263. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other TFS Financial news, CFO Meredith S. Weil sold 6,500 shares of the company’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $13.09, for a total value 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 approximately $1,194,017.44. The sale 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 firm’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $12.82, for a total value of $256,400.00. Following the transaction, the chief executive officer now owns 37,150 shares in the company, valued at approximately $476,263. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 42,500 shares of company stock worth $546,605. 1.13% of the stock is currently owned by 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.