McIlrath & Eck LLC bought a new position in shares of TFS Financial Co. (NASDAQ:TFSL) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,245 shares of the bank’s stock, valued at approximately $58,000.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Strategic Wealth Partners Ltd. grew its position in shares of TFS Financial by 2,727.3% in the 3rd quarter. Strategic Wealth Partners Ltd. now owns 1,555 shares of the bank’s stock worth $27,000 after acquiring an additional 1,500 shares in the last quarter. Meeder Asset Management Inc. bought a new stake in shares of TFS Financial in the 2nd quarter worth approximately $33,000. JPMorgan Chase & Co. lifted its holdings in shares of TFS Financial by 26.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 4,149 shares of the bank’s stock worth $74,000 after purchasing an additional 879 shares during the last quarter. BNP Paribas Arbitrage SA lifted its holdings in shares of TFS Financial by 26.3% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 6,809 shares of the bank’s stock worth $123,000 after purchasing an additional 1,417 shares during the last quarter. Finally, US Bancorp DE lifted its holdings in shares of TFS Financial by 101.9% in the 2nd quarter. US Bancorp DE now owns 8,936 shares of the bank’s stock worth $162,000 after purchasing an additional 4,510 shares during the last quarter. Hedge funds and other institutional investors own 14.33% of the company’s stock.
TFSL has been the topic of several recent research reports. Zacks Investment Research downgraded TFS Financial from a “hold” rating to a “sell” rating in a report on Tuesday, August 13th. ValuEngine downgraded TFS Financial from a “hold” rating to a “sell” rating in a report on Wednesday, October 2nd. Finally, BidaskClub raised TFS Financial from a “hold” rating to a “buy” rating in a report on Tuesday, November 5th.
Shares of NASDAQ TFSL traded up $0.05 during mid-day trading on Friday, hitting $19.70. The company had a trading volume of 90,700 shares, compared to its average volume of 170,315. TFS Financial Co. has a 12 month low of $15.01 and a 12 month high of $19.77. The company has a debt-to-equity ratio of 2.24, a current ratio of 1.52 and a quick ratio of 1.52. The stock has a market cap of $4.43 billion, a price-to-earnings ratio of 70.36 and a beta of 0.18. The firm’s 50 day simple moving average is $18.55 and its two-hundred day simple moving average is $17.85.
TFS Financial (NASDAQ:TFSL) last issued its quarterly earnings results on Wednesday, October 30th. The bank reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.02. TFS Financial had a return on equity of 4.64% and a net margin of 15.97%. The business had revenue of $70.13 million for the quarter.
TFS Financial Company 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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