8,094 Shares in TFS Financial Co. (NASDAQ:TFSL) Bought by Meeder Asset Management Inc.

Meeder Asset Management Inc. bought a new position in TFS Financial Co. (NASDAQ:TFSL – Get Rating) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 8,094 shares of the bank’s stock, valued at approximately $134,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Quadrant Capital Group LLC boosted its stake in TFS Financial by 181.6% in the 1st quarter. Quadrant Capital Group LLC now owns 2,008 shares of the bank’s stock worth $33,000 after purchasing an additional 1,295 shares during the period. CWM LLC acquired a new position in TFS Financial in the 4th quarter worth $37,000. Lindbrook Capital LLC boosted its stake in TFS Financial by 1,092.2% in the 1st quarter. Lindbrook Capital LLC now owns 2,897 shares of the bank’s stock worth $48,000 after purchasing an additional 2,654 shares during the period. Parallel Advisors LLC boosted its stake in TFS Financial by 43.6% in the 1st quarter. Parallel Advisors LLC now owns 5,342 shares of the bank’s stock worth $90,000 after purchasing an additional 1,621 shares during the period. Finally, McIlrath & Eck LLC boosted its stake in TFS Financial by 53.0% in the 4th quarter. McIlrath & Eck LLC now owns 5,476 shares of the bank’s stock worth $98,000 after purchasing an additional 1,896 shares during the period. 8.82% of the stock is owned by institutional investors and hedge funds.

TFS Financial Trading Down 1.2 %

TFS Financial stock opened at $15.20 on Friday. The firm has a 50-day moving average of $14.14 and a 200-day moving average of $15.24. TFS Financial Co. has a one year low of $12.81 and a one year high of $20.50. The company has a debt-to-equity ratio of 2.34, a current ratio of 1.55 and a quick ratio of 1.55. The company has a market cap of $4.26 billion, a price-to-earnings ratio of 63.34 and a beta of 0.49.

TFS Financial (NASDAQ:TFSL – Get Rating) last posted its quarterly earnings data on Thursday, July 28th. The bank reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.01. TFS Financial had a net margin of 16.11% and a return on equity of 3.73%. The company had revenue of $76.98 million during the quarter, compared to the consensus estimate of $71.00 million. On average, equities analysts expect 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 was paid on Tuesday, June 21st. Stockholders of record on Tuesday, June 7th were issued a $0.2825 dividend. The ex-dividend date of this dividend was Monday, June 6th. This represents a $1.13 dividend on an annualized basis and a dividend yield of 7.43%. TFS Financial’s payout ratio is 470.85%.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of TFS Financial from a “sell” rating to a “hold” rating in a research note on Saturday, July 30th.

About TFS Financial

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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.

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Institutional Ownership by Quarter for TFS Financial (NASDAQ:TFSL)

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