Kestra Investment Management LLC Invests $1.69 Million in TFS Financial Co. (NASDAQ:TFSL)

Kestra Investment Management LLC acquired a new stake in TFS Financial Co. (NASDAQ:TFSL) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 131,674 shares of the bank’s stock, valued at approximately $1,693,000.

A number of other hedge funds also recently bought and sold shares of TFSL. Allspring Global Investments Holdings LLC grew its stake 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 in the last quarter. BNP Paribas Financial Markets increased its position in shares of 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 purchasing an additional 7,499 shares in the last quarter. Evergreen Capital Management LLC acquired a new position in TFS Financial during the second quarter worth approximately $139,000. SG Americas Securities LLC increased its holdings in shares of TFS Financial by 12.6% in the 2nd quarter. SG Americas Securities LLC now owns 12,179 shares of the bank’s stock valued at $154,000 after acquiring an additional 1,361 shares during the period. Finally, Nisa Investment Advisors LLC grew its position in TFS Financial by 125.0% during the 3rd quarter. Nisa Investment Advisors LLC now owns 12,600 shares of the bank’s stock worth $162,000 after purchasing an additional 7,000 shares during the last quarter. Institutional investors and hedge funds own 9.81% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Insider Activity at TFS Financial

In other news, CEO Marc A. Stefanski sold 20,000 shares of the business’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $12.82, for a total value of $256,400.00. Following the completion of the transaction, the chief executive officer now directly owns 37,150 shares of the company’s stock, valued at $476,263. The trade was a 35.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.13% of the stock is owned by corporate insiders.

TFS Financial Price Performance

TFS Financial stock opened at $14.14 on Friday. The company has a debt-to-equity ratio of 2.57, a quick ratio of 1.55 and a current ratio of 1.54. TFS Financial Co. has a one year low of $11.70 and a one year high of $15.25. The company has a market cap of $3.97 billion, a P/E ratio of 52.37 and a beta of 0.68. The business has a fifty day moving average of $13.35 and a two-hundred day moving average of $13.14.

TFS Financial (NASDAQ:TFSL) last announced its quarterly earnings data on Wednesday, October 30th. The bank reported $0.06 EPS for the quarter, meeting the consensus estimate of $0.06. TFS Financial had a net margin of 10.49% and a return on equity of 4.22%. The firm had revenue of $194.94 million during the quarter. During the same quarter last year, the business earned $0.07 EPS. As a group, analysts predict that TFS Financial Co. will post 0.26 earnings per share for the current fiscal year.

TFS Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Tuesday, December 3rd will be issued a $0.2825 dividend. This represents a $1.13 annualized dividend and a yield of 7.99%. The ex-dividend date is Tuesday, December 3rd. TFS Financial’s dividend payout ratio (DPR) is 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.