SG Americas Securities LLC Has $175,000 Stock Position in TFS Financial Co. (NASDAQ:TFSL)

SG Americas Securities LLC increased its position in shares of TFS Financial Co. (NASDAQ:TFSL) by 47.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,962 shares of the bank’s stock after purchasing an additional 4,491 shares during the period. SG Americas Securities LLC’s holdings in TFS Financial were worth $175,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of TFSL. Creative Planning increased its holdings in TFS Financial by 19.1% in the 2nd quarter. Creative Planning now owns 38,468 shares of the bank’s stock valued at $485,000 after buying an additional 6,157 shares during the period. Inspire Investing LLC raised its position in TFS Financial by 14.8% in the third quarter. Inspire Investing LLC now owns 31,945 shares of the bank’s stock worth $411,000 after purchasing an additional 4,107 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in TFS Financial by 44.0% during the third 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. Sequoia Financial Advisors LLC lifted its stake in TFS Financial by 196.0% during the third 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 during the period. Finally, Nisa Investment Advisors LLC boosted its holdings in TFS Financial by 125.0% during the third quarter. Nisa Investment Advisors LLC now owns 12,600 shares of the bank’s stock valued at $162,000 after purchasing an additional 7,000 shares in the last quarter. 9.81% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Cathy W. Zbanek sold 20,000 shares of the stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $13.72, for a total transaction of $274,400.00. Following the sale, the insider now directly owns 88,197 shares of the company’s stock, valued at $1,210,062.84. This represents a 18.48 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.95% of the company’s stock.

Analyst Ratings Changes

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

TFS Financial Trading Down 1.7 %

Shares of TFS Financial stock opened at $13.65 on Monday. TFS Financial Co. has a 12-month low of $11.70 and a 12-month high of $14.99. The stock has a market capitalization of $3.83 billion, a P/E ratio of 48.75 and a beta of 0.72. The company has a 50-day simple moving average of $12.94 and a 200 day simple moving average of $13.18. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 2.57.

TFS Financial (NASDAQ:TFSL) last posted its quarterly earnings data on Tuesday, February 4th. The bank reported $0.08 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.02. TFS Financial had a net margin of 10.58% and a return on equity of 4.29%. Research analysts expect that TFS Financial Co. will post 0.29 earnings per share for the current fiscal year.

TFS Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 17th. Shareholders of record on Tuesday, December 3rd were paid a $0.2825 dividend. This represents a $1.13 dividend on an annualized basis and a yield of 8.28%. The ex-dividend date was Tuesday, December 3rd. TFS Financial’s dividend payout ratio is currently 403.57%.

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.