Oppenheimer Asset Management Inc. Purchases 6,976 Shares of TFS Financial Co. (NASDAQ:TFSL)

Oppenheimer Asset Management Inc. boosted its position in shares of TFS Financial Co. (NASDAQ:TFSL) by 37.5% in the 4th quarter, HoldingsChannel.com reports. The firm owned 25,599 shares of the bank’s stock after buying an additional 6,976 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in TFS Financial were worth $322,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Quent Capital LLC raised its holdings in TFS Financial by 68.0% during the 4th quarter. Quent Capital LLC now owns 3,700 shares of the bank’s stock worth $46,000 after purchasing an additional 1,497 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in TFS Financial by 814.2% during the 3rd 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 during the last quarter. Nisa Investment Advisors LLC raised its holdings 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. Olympiad Research LP bought a new stake in shares of TFS Financial in the 4th quarter valued at about $167,000. Finally, SG Americas Securities LLC increased its stake in shares of TFS Financial by 47.4% in the 4th quarter. SG Americas Securities LLC now owns 13,962 shares of the bank’s stock valued at $175,000 after acquiring an additional 4,491 shares during the last quarter. 9.81% of the stock is owned by institutional investors.

Insider Activity at TFS Financial

In related news, CEO Marc A. Stefanski sold 22,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $13.13, for a total value of $288,860.00. Following the completion of the transaction, the chief executive officer now directly owns 171,784 shares in the company, valued at approximately $2,255,523.92. The trade was a 11.35 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Cathy W. Zbanek sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $13.72, for a total value of $274,400.00. Following the completion of the transaction, the insider now owns 88,197 shares of the company’s stock, valued at $1,210,062.84. This represents a 18.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 104,555 shares of company stock worth $1,386,515. 0.95% of the stock is owned by company insiders.

TFS Financial Stock Performance

Shares of TFSL stock opened at $12.56 on Friday. The company has a debt-to-equity ratio of 2.43, a current ratio of 1.54 and a quick ratio of 1.54. The stock has a market cap of $3.53 billion, a PE ratio of 44.86 and a beta of 0.72. The stock has a 50-day moving average of $12.97 and a 200-day moving average of $13.18. TFS Financial Co. has a one year low of $11.70 and a one year high of $15.00.

TFS Financial (NASDAQ:TFSL) last announced its quarterly earnings results on Tuesday, February 4th. The bank reported $0.08 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.02. TFS Financial had a return on equity of 4.28% and a net margin of 10.58%. As a group, sell-side analysts expect that TFS Financial Co. will post 0.29 earnings per share for the current year.

TFS Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Thursday, March 6th will be given a $0.2825 dividend. The ex-dividend date is Thursday, March 6th. This represents a $1.13 annualized dividend and a dividend yield of 9.00%. TFS Financial’s dividend payout ratio is presently 403.57%.

Analyst Ratings Changes

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

TFS Financial 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.