Public Employees Retirement System of Ohio Sells 2,259 Shares of TFS Financial Co. (NASDAQ:TFSL)

Public Employees Retirement System of Ohio lessened its holdings in shares of TFS Financial Co. (NASDAQ:TFSL) by 10.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 20,396 shares of the bank’s stock after selling 2,259 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in TFS Financial were worth $241,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. raised its holdings in shares of TFS Financial by 5,545.2% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,750 shares of the bank’s stock valued at $25,000 after buying an additional 1,719 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of TFS Financial by 228.3% during the 2nd quarter. PNC Financial Services Group Inc. now owns 2,676 shares of the bank’s stock valued at $34,000 after buying an additional 1,861 shares in the last quarter. UBS Group AG raised its holdings in shares of TFS Financial by 217.1% during the 4th quarter. UBS Group AG now owns 4,487 shares of the bank’s stock valued at $65,000 after buying an additional 3,072 shares in the last quarter. Royal Bank of Canada raised its holdings in shares of TFS Financial by 41.6% during the 3rd quarter. Royal Bank of Canada now owns 4,663 shares of the bank’s stock valued at $61,000 after buying an additional 1,370 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its holdings in shares of TFS Financial by 368.6% during the 3rd quarter. Tower Research Capital LLC TRC now owns 4,981 shares of the bank’s stock valued at $65,000 after buying an additional 3,918 shares in the last quarter. Institutional investors own 9.81% of the company’s stock.

TFS Financial Price Performance

Shares of TFS Financial stock opened at $12.60 on Thursday. The company has a debt-to-equity ratio of 2.69, a current ratio of 1.58 and a quick ratio of 1.58. The business’s 50 day simple moving average is $13.07 and its two-hundred day simple moving average is $13.03. The stock has a market capitalization of $3.54 billion, a P/E ratio of 48.46 and a beta of 0.64. TFS Financial Co. has a one year low of $10.97 and a one year high of $15.25.

TFS Financial (NASDAQ:TFSL) last announced its quarterly earnings results on Tuesday, January 30th. The bank reported $0.07 EPS for the quarter. The business had revenue of $75.41 million for the quarter. TFS Financial had a return on equity of 3.93% and a net margin of 10.97%. Analysts forecast that TFS Financial Co. will post 0.23 EPS for the current year.

TFS Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Thursday, March 7th were paid a $0.2825 dividend. The ex-dividend date of this dividend was Wednesday, March 6th. This represents a $1.13 dividend on an annualized basis and a yield of 8.97%. TFS Financial’s dividend payout ratio (DPR) is currently 434.63%.

Insiders Place Their Bets

In other news, Director Daniel F. Weir sold 15,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 3rd. The stock was sold at an average price of $14.28, for a total transaction of $214,200.00. Following the transaction, the director now directly owns 54,805 shares of the company’s stock, valued at $782,615.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, Director Daniel F. Weir sold 10,500 shares of TFS Financial stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $12.90, for a total transaction of $135,450.00. Following the sale, the director now directly owns 14,305 shares in the company, valued at $184,534.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Daniel F. Weir sold 15,000 shares of TFS Financial stock in a transaction that occurred on Wednesday, January 3rd. The shares were sold at an average price of $14.28, for a total value of $214,200.00. Following the sale, the director now owns 54,805 shares in the company, valued at $782,615.40. The disclosure for this sale can be found here. Insiders have sold 65,218 shares of company stock valued at $892,683 in the last ninety days. Company insiders own 1.13% of the company’s stock.

Analysts Set New Price Targets

Separately, Piper Sandler began coverage on TFS Financial in a report on Friday, February 23rd. They set a “neutral” rating and a $14.00 price objective on the stock.

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.