US Bancorp DE Sells 890 Shares of TFS Financial Co. (NASDAQ:TFSL)

US Bancorp DE lowered its holdings in shares of TFS Financial Co. (NASDAQ:TFSL) by 4.8% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 17,483 shares of the bank’s stock after selling 890 shares during the quarter. US Bancorp DE’s holdings in TFS Financial were worth $225,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in TFSL. Integrated Advisors Network LLC increased its holdings in TFS Financial by 56.5% during the third quarter. Integrated Advisors Network LLC now owns 22,106 shares of the bank’s stock valued at $284,000 after buying an additional 7,984 shares during the last quarter. Nisa Investment Advisors LLC increased its stake in shares of TFS Financial by 125.0% in the 3rd quarter. Nisa Investment Advisors LLC now owns 12,600 shares of the bank’s stock worth $162,000 after purchasing an additional 7,000 shares in the last quarter. Sequoia Financial Advisors LLC increased its stake in shares of TFS Financial by 196.0% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 30,137 shares of the bank’s stock worth $388,000 after purchasing an additional 19,954 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in TFS Financial by 44.0% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,194 shares of the bank’s stock worth $41,000 after purchasing an additional 976 shares during the period. Finally, Creative Planning lifted its position in TFS Financial by 13.9% during the third quarter. Creative Planning now owns 43,818 shares of the bank’s stock valued at $564,000 after purchasing an additional 5,350 shares in the last quarter. Institutional investors own 9.81% of the company’s stock.

TFS Financial Stock Up 0.7 %

TFSL stock opened at $14.38 on Friday. The business’s 50-day moving average price is $13.08 and its 200-day moving average price is $13.03. The stock has a market cap of $4.04 billion, a P/E ratio of 53.56 and a beta of 0.68. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 2.52. 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 quarterly earnings results on Wednesday, October 30th. The bank reported $0.06 earnings per share for the quarter, meeting the consensus estimate of $0.06. TFS Financial had a net margin of 10.49% and a return on equity of 4.20%. The business had revenue of $194.94 million for the quarter. During the same period in the prior year, the firm earned $0.07 EPS.

TFS Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 24th. Stockholders of record on Tuesday, September 10th were given a $0.2825 dividend. The ex-dividend date of this dividend was Tuesday, September 10th. This represents a $1.13 annualized dividend and a dividend yield of 7.86%. TFS Financial’s payout ratio is 418.53%.

Insider Transactions at TFS Financial

In related news, CEO Marc A. Stefanski sold 20,000 shares of the company’s 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 in the company, valued at approximately $476,263. This represents a 35.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Meredith S. Weil sold 6,500 shares of the firm’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 transaction, the chief financial officer now directly owns 91,216 shares of the company’s stock, valued at $1,194,017.44. The trade was a 6.65 % 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.

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.