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

SG Americas Securities LLC lifted its stake in shares of TFS Financial Co. (NASDAQ:TFSL) by 47.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor 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 quarter.

Other large investors have also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC increased its holdings in shares of 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. JPMorgan Chase & Co. grew its position in TFS Financial by 6.6% in the third quarter. JPMorgan Chase & Co. now owns 28,646 shares of the bank’s stock valued at $368,000 after acquiring an additional 1,784 shares during the last quarter. Inspire Investing LLC increased its position in TFS Financial by 14.8% during the 3rd 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. Creative Planning lifted its stake in shares of 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 acquiring an additional 5,350 shares during the last quarter. Finally, Nisa Investment Advisors LLC boosted its stake in shares of 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. Institutional investors and hedge funds own 9.81% of the company’s stock.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In other news, insider Cathy W. Zbanek sold 20,000 shares of TFS Financial stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $13.72, for a total value of $274,400.00. Following the completion of the transaction, the insider now owns 88,197 shares in the company, valued at $1,210,062.84. This trade 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 at the SEC website. 0.95% of the stock is currently owned by insiders.

TFS Financial Stock Performance

NASDAQ TFSL opened at $13.65 on Monday. The company has a debt-to-equity ratio of 2.57, a quick ratio of 1.54 and a current ratio of 1.54. The company has a market capitalization of $3.83 billion, a PE ratio of 48.75 and a beta of 0.72. TFS Financial Co. has a 52-week low of $11.70 and a 52-week high of $14.99. The company has a 50-day simple moving average of $12.94 and a 200 day simple moving average of $13.18.

TFS Financial (NASDAQ:TFSL) last posted its quarterly earnings results on Tuesday, February 4th. The bank reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.02. TFS Financial had a net margin of 10.58% and a return on equity of 4.29%. On average, research analysts predict that TFS Financial Co. will post 0.29 EPS for the current year.

TFS Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 17th. Stockholders of record on Tuesday, December 3rd were paid a dividend of $0.2825 per share. The ex-dividend date of this dividend was Tuesday, December 3rd. This represents a $1.13 annualized dividend and a dividend yield of 8.28%. TFS Financial’s payout ratio is 403.57%.

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.