TIAA CREF Investment Management LLC decreased its stake in shares of TFS Financial Corporation (NASDAQ:TFSL) by 2.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 266,857 shares of the bank’s stock after selling 5,566 shares during the period. TIAA CREF Investment Management LLC owned 0.10% of TFS Financial Corporation worth $4,435,000 at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. Russell Investments Group Ltd. purchased a new stake in TFS Financial Corporation during the fourth quarter valued at about $316,000. KBC Group NV purchased a new stake in TFS Financial Corporation during the first quarter valued at about $362,000. GSA Capital Partners LLP raised its stake in TFS Financial Corporation by 38.5% in the fourth quarter. GSA Capital Partners LLP now owns 17,059 shares of the bank’s stock valued at $325,000 after buying an additional 4,746 shares during the period. Teachers Advisors LLC raised its stake in TFS Financial Corporation by 55.4% in the fourth quarter. Teachers Advisors LLC now owns 180,218 shares of the bank’s stock valued at $3,431,000 after buying an additional 64,241 shares during the period. Finally, Norges Bank purchased a new stake in TFS Financial Corporation during the fourth quarter valued at about $18,738,000. Institutional investors and hedge funds own 11.19% of the company’s stock.
TFS Financial Corporation (TFSL) opened at 15.80 on Thursday. The company has a 50-day moving average of $15.71 and a 200 day moving average of $16.52. TFS Financial Corporation has a 1-year low of $14.86 and a 1-year high of $19.89. The stock has a market cap of $4.38 billion, a P/E ratio of 50.97 and a beta of 0.51.
TFS Financial Corporation (NASDAQ:TFSL) last posted its earnings results on Thursday, July 27th. The bank reported $0.08 EPS for the quarter, beating the Zacks’ consensus estimate of $0.07 by $0.01. TFS Financial Corporation had a net margin of 21.03% and a return on equity of 5.32%. The company had revenue of $75.08 million for the quarter, compared to analysts’ expectations of $70.88 million. During the same quarter in the prior year, the company posted $0.07 earnings per share. Analysts predict that TFS Financial Corporation will post $0.31 EPS for the current year.
Several equities research analysts have recently issued reports on TFSL shares. BidaskClub upgraded shares of TFS Financial Corporation from a “strong sell” rating to a “sell” rating in a report on Wednesday. Piper Jaffray Companies restated a “hold” rating and issued a $18.50 target price on shares of TFS Financial Corporation in a report on Friday, July 28th.
In other TFS Financial Corporation news, Director Anthony J. Asher sold 22,000 shares of the company’s stock in a transaction dated Tuesday, May 16th. The shares were sold at an average price of $16.42, for a total value of $361,240.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.39% of the company’s stock.
About TFS Financial Corporation
TFS Financial Corporation is the holding company of Third Federal Savings and Loan Association of Cleveland (Association). The Association is a savings and loan association. The Association’s principal business consists of originating and servicing residential real estate mortgage loans and attracting retail savings deposits.
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