Jane Street Group LLC Sells 4,059 Shares of TFS Financial Co. (NASDAQ:TFSL)

Jane Street Group LLC trimmed its position in TFS Financial Co. (NASDAQ:TFSL) by 8.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 44,041 shares of the bank’s stock after selling 4,059 shares during the quarter. Jane Street Group LLC’s holdings in TFS Financial were worth $566,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its stake in TFS Financial by 5.2% in the second quarter. Dimensional Fund Advisors LP now owns 2,476,938 shares of the bank’s stock valued at $31,258,000 after acquiring an additional 122,562 shares during the last quarter. Pathstone Holdings LLC boosted its position in TFS Financial by 34.5% in the third quarter. Pathstone Holdings LLC now owns 163,308 shares of the bank’s stock valued at $2,100,000 after buying an additional 41,930 shares in the last quarter. Kestra Investment Management LLC acquired a new stake in TFS Financial in the third quarter valued at approximately $1,693,000. Atom Investors LP acquired a new stake in TFS Financial in the third quarter valued at approximately $940,000. Finally, Readystate Asset Management LP acquired a new stake in TFS Financial in the third quarter valued at approximately $866,000. 9.81% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

TFS Financial Stock Performance

Shares of TFS Financial stock opened at $12.53 on Monday. TFS Financial Co. has a fifty-two week low of $11.70 and a fifty-two week high of $14.99. The company has a debt-to-equity ratio of 2.57, a current ratio of 1.54 and a quick ratio of 1.54. The firm has a market capitalization of $3.52 billion, a P/E ratio of 46.41 and a beta of 0.71. The company’s 50 day moving average price is $13.46 and its two-hundred day moving average price is $13.18.

TFS Financial (NASDAQ:TFSL) last issued its quarterly earnings results on Wednesday, October 30th. The bank reported $0.06 EPS for the quarter, hitting analysts’ consensus estimates of $0.06. The company had revenue of $194.94 million for the quarter. TFS Financial had a net margin of 10.49% and a return on equity of 4.22%. During the same quarter last year, the firm posted $0.07 EPS. On average, equities analysts forecast that TFS Financial Co. will post 0.26 earnings per share for the current fiscal year.

TFS Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 17th. Stockholders of record on Tuesday, December 3rd were issued a dividend of $0.2825 per share. The ex-dividend date was Tuesday, December 3rd. This represents a $1.13 dividend on an annualized basis and a dividend yield of 9.02%. TFS Financial’s dividend payout ratio (DPR) is presently 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.