Oppenheimer Asset Management Inc. Increases Position in TFS Financial Co. (NASDAQ:TFSL)

Oppenheimer Asset Management Inc. lifted its holdings in shares of TFS Financial Co. (NASDAQ:TFSL) by 75.2% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 18,876 shares of the bank’s stock after acquiring an additional 8,101 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in TFS Financial were worth $238,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of TFSL. Victory Capital Management Inc. increased its position in shares of TFS Financial by 17.8% during the fourth quarter. Victory Capital Management Inc. now owns 18,219 shares of the bank’s stock worth $268,000 after acquiring an additional 2,753 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of TFS Financial by 4.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 427,596 shares of the bank’s stock worth $6,281,000 after acquiring an additional 18,376 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of TFS Financial by 7.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,216,354 shares of the bank’s stock worth $32,560,000 after acquiring an additional 152,815 shares during the last quarter. KBC Group NV increased its holdings in TFS Financial by 20.6% in the fourth quarter. KBC Group NV now owns 12,776 shares of the bank’s stock valued at $188,000 after buying an additional 2,180 shares during the last quarter. Finally, Integrated Advisors Network LLC increased its holdings in TFS Financial by 22.8% in the fourth quarter. Integrated Advisors Network LLC now owns 16,335 shares of the bank’s stock valued at $240,000 after buying an additional 3,030 shares during the last quarter. 9.81% of the stock is owned by hedge funds and other institutional investors.

TFS Financial Stock Down 3.2 %

Shares of TFS Financial stock opened at $13.05 on Friday. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 2.52. The firm has a market cap of $3.66 billion, a P/E ratio of 48.33 and a beta of 0.68. TFS Financial Co. has a fifty-two week low of $10.97 and a fifty-two week high of $15.25. The business has a 50-day moving average price of $13.31 and a 200 day moving average price of $12.83.

TFS Financial (NASDAQ:TFSL) last announced its quarterly earnings data on Tuesday, July 30th. The bank reported $0.07 earnings per share 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 return on equity of 4.25% and a net margin of 10.97%.

TFS Financial Dividend Announcement

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

Insider Activity

In other news, CFO Meredith S. Weil sold 6,500 shares of the company’s stock in a transaction that occurred 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 transaction, the chief financial officer now directly owns 91,216 shares of the company’s stock, valued at $1,194,017.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CFO Meredith S. Weil sold 6,500 shares of the company’s stock in a transaction that occurred 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 transaction, the chief financial officer now directly owns 91,216 shares of the company’s stock, valued at $1,194,017.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Marc A. Stefanski sold 16,000 shares of the company’s stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $12.82, for a total value of $205,120.00. Following the transaction, the chief executive officer now directly owns 227,080 shares of the company’s stock, valued at $2,911,165.60. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 42,500 shares of company stock valued at $546,605. 1.13% of the stock is currently owned by insiders.

About TFS Financial

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.