Bank of New York Mellon Corp Sells 178,575 Shares of TFS Financial Co. (NASDAQ:TFSL)

Bank of New York Mellon Corp cut its holdings in TFS Financial Co. (NASDAQ:TFSL) by 10.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,528,541 shares of the bank’s stock after selling 178,575 shares during the period. Bank of New York Mellon Corp owned approximately 0.54% of TFS Financial worth $19,198,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in TFSL. Quent Capital LLC boosted its stake in TFS Financial by 68.0% during the 4th quarter. Quent Capital LLC now owns 3,700 shares of the bank’s stock valued at $46,000 after purchasing an additional 1,497 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in TFS Financial by 6.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 28,646 shares of the bank’s stock valued at $368,000 after purchasing an additional 1,784 shares during the last quarter. SG Americas Securities LLC boosted its stake in TFS Financial by 47.4% during the 4th quarter. SG Americas Securities LLC now owns 13,962 shares of the bank’s stock valued at $175,000 after purchasing an additional 4,491 shares during the last quarter. BNP Paribas Financial Markets boosted its stake in TFS Financial by 814.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 8,420 shares of the bank’s stock valued at $108,000 after purchasing an additional 7,499 shares during the last quarter. Finally, Olympiad Research LP acquired a new position in TFS Financial during the 4th quarter valued at about $167,000. 9.81% of the stock is owned by institutional investors.

TFS Financial Price Performance

Shares of NASDAQ TFSL opened at $12.30 on Tuesday. TFS Financial Co. has a twelve month low of $11.70 and a twelve month high of $15.00. The stock’s 50 day moving average price is $12.96 and its 200-day moving average price is $13.17. The company has a market capitalization of $3.45 billion, a PE ratio of 43.93 and a beta of 0.77. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 2.43.

TFS Financial (NASDAQ:TFSL) last posted its quarterly earnings data on Tuesday, February 4th. The bank reported $0.08 EPS for the quarter, beating the consensus estimate of $0.06 by $0.02. TFS Financial had a return on equity of 4.28% and a net margin of 10.58%. On average, equities analysts anticipate that TFS Financial Co. will post 0.29 EPS for the current year.

TFS Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th will be issued a dividend of $0.2825 per share. The ex-dividend date is Thursday, March 6th. This represents a $1.13 dividend on an annualized basis and a yield of 9.19%. TFS Financial’s payout ratio is 403.57%.

Insider Buying and Selling at TFS Financial

In other TFS Financial news, insider Cathy W. Zbanek sold 20,000 shares of the company’s stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $13.72, for a total transaction of $274,400.00. Following the completion of the sale, the insider now directly owns 88,197 shares in the company, valued at $1,210,062.84. This represents a 18.48 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Marc A. Stefanski sold 17,555 shares of the company’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $13.27, for a total transaction of $232,954.85. Following the sale, the chief executive officer now owns 84,229 shares of the company’s stock, valued at approximately $1,117,718.83. The trade was a 17.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 104,555 shares of company stock valued at $1,386,515 in the last 90 days. 0.95% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Separately, Piper Sandler reiterated a “neutral” rating and set a $15.00 price target on shares of TFS Financial in a research note 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.