Creative Planning Increases Stock Holdings in TFS Financial Co. (NASDAQ:TFSL)

Creative Planning lifted its stake in TFS Financial Co. (NASDAQ:TFSL) by 13.9% in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 43,818 shares of the bank’s stock after purchasing an additional 5,350 shares during the quarter. Creative Planning’s holdings in TFS Financial were worth $564,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. lifted its stake 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 acquiring an additional 23,668 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake 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 acquiring an additional 122,562 shares during the last quarter. State Board of Administration of Florida Retirement System raised its position in TFS Financial by 4.4% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 141,965 shares of the bank’s stock valued at $1,793,000 after purchasing an additional 5,960 shares in the last quarter. Panagora Asset Management Inc. raised its position in TFS Financial by 43.2% during the 2nd quarter. Panagora Asset Management Inc. now owns 94,491 shares of the bank’s stock valued at $1,192,000 after purchasing an additional 28,497 shares in the last quarter. Finally, Inspire Advisors LLC raised its position in TFS Financial by 16.1% during the 1st quarter. Inspire Advisors LLC now owns 83,864 shares of the bank’s stock valued at $1,053,000 after purchasing an additional 11,655 shares in the last quarter. Hedge funds and other institutional investors own 9.81% of the company’s stock.

Insider Transactions at TFS Financial

In other news, CEO Marc A. Stefanski sold 20,000 shares of the business’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $12.82, for a total value of $256,400.00. Following the completion of the transaction, the chief executive officer now directly owns 37,150 shares of the company’s stock, valued at approximately $476,263. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CEO Marc A. Stefanski sold 20,000 shares of the business’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $12.82, for a total transaction of $256,400.00. Following the transaction, the chief executive officer now directly owns 37,150 shares in the company, valued at $476,263. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Meredith S. Weil sold 6,500 shares of the business’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 transaction, the chief financial officer now owns 91,216 shares in the company, valued at approximately $1,194,017.44. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.13% of the company’s stock.

TFS Financial Trading Up 1.5 %

Shares of NASDAQ TFSL opened at $12.94 on Wednesday. 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 business has a fifty day simple moving average of $13.00 and a two-hundred day simple moving average of $12.95. The firm has a market cap of $3.63 billion, a PE ratio of 47.93 and a beta of 0.68. TFS Financial Co. has a twelve month low of $11.70 and a twelve month high of $15.25.

TFS Financial (NASDAQ:TFSL) last issued its earnings results on Wednesday, October 30th. The bank reported $0.06 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.06. The business had revenue of $194.94 million during the quarter. TFS Financial had a return on equity of 4.20% and a net margin of 10.49%. During the same period last year, the firm earned $0.07 earnings per share.

TFS Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 24th. Stockholders of record on Tuesday, September 10th were given a $0.2825 dividend. This represents a $1.13 annualized dividend and a dividend yield of 8.73%. The ex-dividend date of this dividend was Tuesday, September 10th. TFS Financial’s payout ratio is 418.52%.

TFS Financial 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.