TFS Financial Co. (NASDAQ:TFSL) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC cut its holdings in TFS Financial Co. (NASDAQ:TFSL) by 63.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,600 shares of the bank’s stock after selling 8,000 shares during the period. Nisa Investment Advisors LLC’s holdings in TFS Financial were worth $58,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Geode Capital Management LLC lifted its holdings in shares of TFS Financial by 2.2% in the third quarter. Geode Capital Management LLC now owns 1,081,201 shares of the bank’s stock valued at $13,907,000 after purchasing an additional 22,777 shares in the last quarter. Pathstone Holdings LLC raised its position in shares of TFS Financial by 34.5% during the 3rd quarter. Pathstone Holdings LLC now owns 163,308 shares of the bank’s stock worth $2,100,000 after purchasing an additional 41,930 shares during the last quarter. GSA Capital Partners LLP purchased a new stake in TFS Financial in the 3rd quarter valued at approximately $619,000. Creative Planning lifted its stake in TFS Financial by 13.9% in the 3rd quarter. Creative Planning now owns 43,818 shares of the bank’s stock valued at $564,000 after buying an additional 5,350 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its position in TFS Financial by 814.2% during the third quarter. BNP Paribas Financial Markets now owns 8,420 shares of the bank’s stock worth $108,000 after buying an additional 7,499 shares in the last quarter. 9.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

TFS Financial Stock Performance

NASDAQ:TFSL opened at $13.72 on Friday. TFS Financial Co. has a 1-year low of $11.70 and a 1-year high of $14.99. The firm has a 50 day simple moving average of $13.01 and a 200-day simple moving average of $13.18. The firm has a market cap of $3.85 billion, a PE ratio of 50.82 and a beta of 0.71. The company has a debt-to-equity ratio of 2.57, a current ratio of 1.54 and a quick ratio of 1.54.

TFS Financial (NASDAQ:TFSL) last issued its quarterly earnings results on Tuesday, February 4th. The bank reported $0.08 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.02. TFS Financial had a return on equity of 4.22% and a net margin of 10.49%. On average, equities analysts expect that TFS Financial Co. will post 0.26 EPS for the current year.

TFS Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 17th. Shareholders of record on Tuesday, December 3rd were issued a $0.2825 dividend. This represents a $1.13 annualized dividend and a yield of 8.24%. The ex-dividend date of this dividend was Tuesday, December 3rd. TFS Financial’s dividend payout ratio (DPR) is 418.53%.

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.