Kestra Investment Management LLC Grows Position in TFS Financial Co. (NASDAQ:TFSL)

Kestra Investment Management LLC increased its stake in shares of TFS Financial Co. (NASDAQ:TFSL) by 56.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 205,393 shares of the bank’s stock after acquiring an additional 73,719 shares during the quarter. Kestra Investment Management LLC owned about 0.07% of TFS Financial worth $2,580,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Quent Capital LLC boosted its holdings in shares of TFS Financial by 68.0% during the 4th quarter. Quent Capital LLC now owns 3,700 shares of the bank’s stock valued at $46,000 after purchasing an additional 1,497 shares during the last quarter. Empowered Funds LLC purchased a new stake in shares of TFS Financial in the fourth quarter worth about $265,000. SG Americas Securities LLC boosted its stake in TFS Financial by 47.4% during the fourth quarter. SG Americas Securities LLC now owns 13,962 shares of the bank’s stock valued at $175,000 after buying an additional 4,491 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in TFS Financial by 6.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 28,646 shares of the bank’s stock valued at $368,000 after buying an additional 1,784 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in TFS Financial by 2.2% in the 3rd quarter. Geode Capital Management LLC now owns 1,081,201 shares of the bank’s stock worth $13,907,000 after acquiring an additional 22,777 shares during the last quarter. 9.81% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at TFS Financial

In other TFS Financial news, insider Cathy W. Zbanek sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $13.72, for a total transaction 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. The trade was a 18.48 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.95% of the company’s stock.

TFS Financial Stock Down 1.3 %

Shares of NASDAQ:TFSL opened at $13.58 on Tuesday. The company has a market cap of $3.81 billion, a price-to-earnings ratio of 48.50 and a beta of 0.72. TFS Financial Co. has a 12 month low of $11.70 and a 12 month high of $14.99. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 2.57. The company has a 50-day moving average price of $12.93 and a 200 day moving average price of $13.16.

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

TFS Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 17th. Shareholders of record on Tuesday, December 3rd were paid a dividend of $0.2825 per share. This represents a $1.13 annualized dividend and a yield of 8.32%. The ex-dividend date of this dividend was Tuesday, December 3rd. TFS Financial’s payout ratio is 403.57%.

Wall Street Analyst Weigh In

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

About TFS Financial

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.