JPMorgan Chase & Co. Boosts Stake in TFS Financial Co. (NASDAQ:TFSL)

JPMorgan Chase & Co. raised its position in shares of TFS Financial Co. (NASDAQ:TFSL) by 6.6% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 28,646 shares of the bank’s stock after acquiring an additional 1,784 shares during the quarter. JPMorgan Chase & Co.’s holdings in TFS Financial were worth $368,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in TFSL. Dimensional Fund Advisors LP grew its position in 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 buying an additional 122,562 shares during the period. Creative Planning increased its holdings in shares of TFS Financial by 19.1% during the second quarter. Creative Planning now owns 38,468 shares of the bank’s stock valued at $485,000 after acquiring an additional 6,157 shares in the last quarter. Inspire Investing LLC boosted 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 valued at $411,000 after buying an additional 4,107 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in shares of TFS Financial by 44.0% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,194 shares of the bank’s stock valued at $41,000 after purchasing an additional 976 shares in the last quarter. Finally, Sequoia Financial Advisors LLC boosted its stake in shares of TFS Financial by 196.0% in the third quarter. Sequoia Financial Advisors LLC now owns 30,137 shares of the bank’s stock worth $388,000 after acquiring an additional 19,954 shares during the last quarter. 9.81% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

TFS Financial Stock Performance

TFS Financial stock opened at $12.75 on Thursday. The stock has a fifty day moving average price of $13.07 and a 200 day moving average price of $13.18. The firm has a market capitalization of $3.58 billion, a P/E ratio of 47.22 and a beta of 0.71. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 2.57. TFS Financial Co. has a 52 week low of $11.70 and a 52 week high of $14.99.

TFS Financial (NASDAQ:TFSL) last announced its quarterly earnings data on Wednesday, October 30th. The bank reported $0.06 earnings per share for the quarter, hitting 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 in the prior year, the business earned $0.07 earnings per share. Equities research analysts anticipate that TFS Financial Co. will post 0.26 earnings per share for the current year.

TFS Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 17th. Investors of record on Tuesday, December 3rd were paid a dividend of $0.2825 per share. This represents a $1.13 annualized dividend and a yield of 8.86%. The ex-dividend date was Tuesday, December 3rd. TFS Financial’s dividend payout ratio is presently 418.53%.

TFS Financial Company 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.