UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Cuts Position in TFS Financial Co. (NASDAQ:TFSL)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its holdings in shares of TFS Financial Co. (NASDAQ:TFSL) by 5.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 165,152 shares of the bank’s stock after selling 9,462 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in TFS Financial were worth $2,124,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Pathstone Holdings LLC raised its stake 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 period. Dimensional Fund Advisors LP raised its position in TFS Financial by 5.2% in the second quarter. Dimensional Fund Advisors LP now owns 2,476,938 shares of the bank’s stock worth $31,258,000 after acquiring an additional 122,562 shares during the period. GSA Capital Partners LLP purchased a new position in TFS Financial in the third quarter valued at about $619,000. Creative Planning grew its position in shares of TFS Financial by 13.9% during 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 period. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of TFS Financial during the 3rd quarter worth approximately $310,000. 9.81% of the stock is currently owned by institutional investors.

TFS Financial Stock Performance

NASDAQ TFSL opened at $13.28 on Monday. The firm has a market cap of $3.73 billion, a P/E ratio of 49.19 and a beta of 0.69. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 2.57. The company’s 50 day moving average is $13.50 and its 200-day moving average is $13.17. TFS Financial Co. has a 12-month low of $11.70 and a 12-month high of $15.25.

TFS Financial (NASDAQ:TFSL) last issued its earnings results on Wednesday, October 30th. The bank reported $0.06 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.06. The business had revenue of $194.94 million for 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 previous year, the firm earned $0.07 EPS. Sell-side analysts predict that TFS Financial Co. will post 0.26 earnings per share for the current year.

TFS Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 17th. Stockholders of record on Tuesday, December 3rd will be given a dividend of $0.2825 per share. This represents a $1.13 annualized dividend and a dividend yield of 8.51%. The ex-dividend date is Tuesday, December 3rd. TFS Financial’s dividend payout ratio is presently 418.53%.

Analyst Upgrades and Downgrades

Separately, Piper Sandler reiterated 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 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.