Creative Planning Raises Stake in TFS Financial Co. (NASDAQ:TFSL)

Creative Planning increased its stake in shares of TFS Financial Co. (NASDAQ:TFSL) by 19.1% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 38,468 shares of the bank’s stock after purchasing an additional 6,157 shares during the period. Creative Planning’s holdings in TFS Financial were worth $485,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the business. Vanguard Group Inc. increased its position in shares of TFS Financial by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 5,215,605 shares of the bank’s stock valued at $65,508,000 after purchasing an additional 23,668 shares during the last quarter. Dimensional Fund Advisors LP raised its position in TFS Financial by 5.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,476,938 shares of the bank’s stock valued at $31,258,000 after purchasing an additional 122,562 shares during the last quarter. State Board of Administration of Florida Retirement System grew its position in shares of TFS Financial by 4.4% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 141,965 shares of the bank’s stock worth $1,793,000 after buying an additional 5,960 shares during the last quarter. Panagora Asset Management Inc. raised its holdings in shares of TFS Financial by 43.2% during the second quarter. Panagora Asset Management Inc. now owns 94,491 shares of the bank’s stock valued at $1,192,000 after acquiring an additional 28,497 shares in the last quarter. Finally, Inspire Advisors LLC boosted its holdings in TFS Financial by 16.1% in the first quarter. Inspire Advisors LLC now owns 83,864 shares of the bank’s stock valued at $1,053,000 after acquiring an additional 11,655 shares in the last quarter. 9.81% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other TFS Financial news, CEO Marc A. Stefanski sold 16,000 shares of the stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $12.82, for a total value of $205,120.00. Following the transaction, the chief executive officer now directly owns 227,080 shares in the company, valued at approximately $2,911,165.60. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CFO Meredith S. Weil sold 6,500 shares of TFS Financial stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $13.09, for a total transaction of $85,085.00. Following the completion of the transaction, the chief financial officer now directly owns 91,216 shares of the company’s stock, valued at approximately $1,194,017.44. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Marc A. Stefanski sold 16,000 shares of TFS Financial stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $12.82, for a total transaction of $205,120.00. Following the sale, the chief executive officer now owns 227,080 shares of the company’s stock, valued at $2,911,165.60. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 42,500 shares of company stock worth $546,605. 1.13% of the stock is owned by insiders.

TFS Financial Price Performance

TFSL opened at $13.08 on Wednesday. The stock has a fifty day simple moving average of $13.05 and a two-hundred day simple moving average of $12.86. TFS Financial Co. has a 12-month low of $10.97 and a 12-month high of $15.25. The company has a market cap of $3.67 billion, a price-to-earnings ratio of 48.44 and a beta of 0.68. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 2.52.

TFS Financial (NASDAQ:TFSL) last issued its earnings results on Tuesday, July 30th. The bank reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.01. The firm had revenue of $191.15 million for the quarter. TFS Financial had a net margin of 10.97% and a return on equity of 4.25%.

TFS Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 24th. Investors of record on Tuesday, September 10th were issued a $0.2825 dividend. This represents a $1.13 annualized dividend and a yield of 8.64%. The ex-dividend date was Tuesday, September 10th. TFS Financial’s dividend payout ratio is currently 418.52%.

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.