Geode Capital Management LLC Raises Position in TFS Financial Co. (NASDAQ:TFSL)

Geode Capital Management LLC grew its holdings in shares of TFS Financial Co. (NASDAQ:TFSL) by 2.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 1,081,201 shares of the bank’s stock after purchasing an additional 22,777 shares during the period. Geode Capital Management LLC owned approximately 0.39% of TFS Financial worth $13,907,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Dimensional Fund Advisors LP lifted its holdings in shares of TFS Financial by 5.2% during the second quarter. Dimensional Fund Advisors LP now owns 2,476,938 shares of the bank’s stock valued at $31,258,000 after purchasing an additional 122,562 shares during the last quarter. Pathstone Holdings LLC lifted its holdings in shares of TFS Financial by 34.5% during the third quarter. Pathstone Holdings LLC now owns 163,308 shares of the bank’s stock valued at $2,100,000 after purchasing an additional 41,930 shares during the last quarter. Kestra Investment Management LLC purchased a new position in shares of TFS Financial during the third quarter valued at approximately $1,693,000. Panagora Asset Management Inc. lifted its holdings in shares of 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 purchasing an additional 28,497 shares during the last quarter. Finally, Atom Investors LP purchased a new position in shares of TFS Financial during the third quarter valued at approximately $940,000. 9.81% of the stock is currently owned by hedge funds and other institutional investors.

TFS Financial Price Performance

Shares of TFSL opened at $12.61 on Tuesday. The company has a market capitalization of $3.54 billion, a P/E ratio of 46.71 and a beta of 0.69. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 2.57. The firm has a 50 day moving average of $13.48 and a 200 day moving average of $13.18. TFS Financial Co. has a twelve month low of $11.70 and a twelve month high of $14.99.

TFS Financial (NASDAQ:TFSL) last announced 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. The company had revenue of $194.94 million during the quarter. TFS Financial had a net margin of 10.49% and a return on equity of 4.22%. During the same period last year, the business earned $0.07 EPS. As a group, equities research analysts anticipate that TFS Financial Co. will post 0.26 earnings per share for the current fiscal year.

TFS Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 17th. Shareholders of record on Tuesday, December 3rd were given a $0.2825 dividend. This represents a $1.13 dividend on an annualized basis and a yield of 8.96%. The ex-dividend date was Tuesday, December 3rd. TFS Financial’s dividend payout ratio (DPR) is presently 418.52%.

Analyst Upgrades and Downgrades

Separately, Piper Sandler reissued a “neutral” rating and set a $15.00 price target on shares of TFS Financial in a research report on Friday, November 22nd.

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.