Mercer Global Advisors Inc. ADV Sells 2,216 Shares of TFS Financial Co. (NASDAQ:TFSL)

Mercer Global Advisors Inc. ADV cut its holdings in TFS Financial Co. (NASDAQ:TFSL) by 13.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,447 shares of the bank’s stock after selling 2,216 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in TFS Financial were worth $182,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in TFSL. KBC Group NV boosted its holdings in TFS Financial by 20.6% during the 4th quarter. KBC Group NV now owns 12,776 shares of the bank’s stock worth $188,000 after acquiring an additional 2,180 shares during the last quarter. Vanguard Group Inc. grew its position in TFS Financial by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 5,215,605 shares of the bank’s stock worth $65,508,000 after purchasing an additional 23,668 shares in the last quarter. Signature Estate & Investment Advisors LLC purchased a new stake in TFS Financial in the 2nd quarter valued at about $915,000. Kapitalo Investimentos Ltda bought a new stake in TFS Financial during the fourth quarter worth $49,000. Finally, Integrated Advisors Network LLC lifted its holdings in TFS Financial by 22.8% during the fourth quarter. Integrated Advisors Network LLC now owns 16,335 shares of the bank’s stock worth $240,000 after acquiring an additional 3,030 shares during the period. Institutional investors own 9.81% of the company’s stock.

TFS Financial Price Performance

Shares of NASDAQ TFSL opened at $12.58 on Wednesday. The stock has a fifty day moving average of $13.23 and a 200-day moving average of $12.84. The stock has a market cap of $3.53 billion, a PE ratio of 46.59 and a beta of 0.68. The company has a debt-to-equity ratio of 2.52, a quick ratio of 1.55 and a current ratio of 1.55. TFS Financial Co. has a fifty-two week low of $10.97 and a fifty-two week high of $15.25.

TFS Financial (NASDAQ:TFSL) last posted its quarterly earnings data on Tuesday, July 30th. The bank reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.01. The company had revenue of $191.15 million during the quarter. TFS Financial had a net margin of 10.97% and a return on equity of 4.25%.

TFS Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 24th. Stockholders of record on Tuesday, September 10th were paid a $0.2825 dividend. The ex-dividend date was Tuesday, September 10th. This represents a $1.13 dividend on an annualized basis and a dividend yield of 8.98%. TFS Financial’s dividend payout ratio is currently 418.52%.

Insiders Place Their Bets

In other news, CEO Marc A. Stefanski sold 16,000 shares of the firm’s stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $12.82, for a total value of $205,120.00. Following the transaction, the chief executive officer now owns 227,080 shares of the company’s stock, valued at $2,911,165.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Marc A. Stefanski sold 16,000 shares of the stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $12.82, for a total value of $205,120.00. Following the completion of the transaction, the chief executive officer now owns 227,080 shares of the company’s stock, valued at approximately $2,911,165.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Meredith S. Weil sold 6,500 shares of the business’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $13.09, for a total transaction of $85,085.00. Following the transaction, the chief financial officer now owns 91,216 shares in the company, valued at approximately $1,194,017.44. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 42,500 shares of company stock valued at $546,605. Insiders own 1.13% of the company’s stock.

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.