ING Groep NV Purchases Shares of 25,943 TCF Financial Co. (TCF)

ING Groep NV purchased a new position in shares of TCF Financial Co. (NYSE:TCF) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 25,943 shares of the bank’s stock, valued at approximately $532,000.

Several other large investors have also modified their holdings of TCF. Zions Bancorporation acquired a new position in TCF Financial in the third quarter valued at $116,000. Evercore Wealth Management LLC acquired a new position in TCF Financial in the third quarter valued at $128,000. Cerebellum GP LLC acquired a new position in TCF Financial in the fourth quarter valued at $128,000. Ladenburg Thalmann Financial Services Inc. acquired a new position in TCF Financial in the third quarter valued at $140,000. Finally, Tiedemann Wealth Management LLC acquired a new position in TCF Financial in the third quarter valued at $142,000. Institutional investors own 82.89% of the company’s stock.

In other news, Director Peter Bell sold 15,000 shares of the company’s stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $20.53, for a total transaction of $307,950.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 2.50% of the stock is currently owned by corporate insiders.

TCF has been the topic of several recent analyst reports. Royal Bank of Canada restated a “buy” rating and issued a $20.00 target price on shares of TCF Financial in a report on Friday, October 27th. Deutsche Bank boosted their target price on shares of TCF Financial from $17.00 to $18.00 and gave the company a “hold” rating in a report on Wednesday, November 8th. Zacks Investment Research upgraded shares of TCF Financial from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a report on Wednesday, November 1st. ValuEngine upgraded shares of TCF Financial from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Finally, JPMorgan Chase & Co. boosted their target price on shares of TCF Financial from $18.00 to $19.00 and gave the company a “neutral” rating in a report on Monday, October 30th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $21.58.

TCF Financial Co. (NYSE TCF) opened at $22.25 on Friday. TCF Financial Co. has a fifty-two week low of $14.58 and a fifty-two week high of $22.42. The firm has a market cap of $3,820.00, a PE ratio of 19.69, a PEG ratio of 1.58 and a beta of 1.21. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.47.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Thursday, February 15th will be issued a dividend of $0.15 per share. The ex-dividend date is Wednesday, February 14th. This represents a $0.60 annualized dividend and a dividend yield of 2.70%. This is a positive change from TCF Financial’s previous quarterly dividend of $0.08. TCF Financial’s dividend payout ratio is currently 53.10%.

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TCF Financial Company Profile

TCF Financial Corporation (TCF) is a bank holding company. The Company’s principal subsidiary is TCF National Bank (TCF Bank). The Company operates in three segments: Consumer Banking, Wholesale Banking and Enterprise Services. Consumer Banking comprises all of the Company’s consumer-facing businesses.

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Institutional Ownership by Quarter for TCF Financial (NYSE:TCF)

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