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 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%.
COPYRIGHT VIOLATION WARNING: This report was originally published by StockNewsTimes and is the property of of StockNewsTimes. If you are accessing this report on another website, it was copied illegally and republished in violation of U.S. and international copyright and trademark law. The original version of this report can be accessed at https://stocknewstimes.com/2018/02/17/ing-groep-nv-purchases-shares-of-25943-tcf-financial-co-tcf.html.
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.
Want to see what other hedge funds are holding TCF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TCF Financial Co. (NYSE:TCF).
Receive News & Ratings for TCF Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TCF Financial and related companies with MarketBeat.com's FREE daily email newsletter.