AXQ Capital LP Takes $139,000 Position in TFS Financial Co. (NASDAQ:TFSL)

AXQ Capital LP bought a new position in TFS Financial Co. (NASDAQ:TFSL) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 11,044 shares of the bank’s stock, valued at approximately $139,000.

A number of other hedge funds also recently bought and sold shares of the business. Geode Capital Management LLC lifted its holdings in TFS Financial by 2.2% in the 3rd quarter. Geode Capital Management LLC now owns 1,081,201 shares of the bank’s stock worth $13,907,000 after buying an additional 22,777 shares during the period. Pathstone Holdings LLC lifted its stake in TFS Financial by 34.5% in the third quarter. Pathstone Holdings LLC now owns 163,308 shares of the bank’s stock worth $2,100,000 after acquiring an additional 41,930 shares during the period. JPMorgan Chase & Co. boosted its holdings in TFS Financial by 6.6% in the third quarter. JPMorgan Chase & Co. now owns 28,646 shares of the bank’s stock valued at $368,000 after acquiring an additional 1,784 shares in the last quarter. BNP Paribas Financial Markets increased its position in TFS Financial by 814.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 8,420 shares of the bank’s stock valued at $108,000 after purchasing an additional 7,499 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in TFS Financial in the 3rd quarter worth $310,000. Hedge funds and other institutional investors own 9.81% of the company’s stock.

Insider Buying and Selling at TFS Financial

In related news, CEO Marc A. Stefanski sold 22,000 shares of TFS Financial stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $13.13, for a total transaction of $288,860.00. Following the completion of the transaction, the chief executive officer now directly owns 171,784 shares of the company’s stock, valued at $2,255,523.92. This trade represents a 11.35 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Anthony J. Asher sold 13,500 shares of the company’s stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $12.15, for a total transaction of $164,025.00. Following the completion of the sale, the director now owns 59,607 shares in the company, valued at approximately $724,225.05. This trade represents a 18.47 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 118,055 shares of company stock valued at $1,550,540. 0.95% of the stock is currently owned by company insiders.

TFS Financial Trading Up 2.5 %

Shares of TFSL opened at $12.43 on Tuesday. TFS Financial Co. has a 1-year low of $11.70 and a 1-year high of $15.00. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 2.43. The firm’s 50-day moving average price is $12.93 and its 200-day moving average price is $13.09. The firm has a market capitalization of $3.49 billion, a price-to-earnings ratio of 44.39 and a beta of 0.77.

TFS Financial (NASDAQ:TFSL) last posted its quarterly earnings data on Tuesday, February 4th. The bank reported $0.08 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.02. TFS Financial had a return on equity of 4.28% and a net margin of 10.58%. Sell-side analysts anticipate that TFS Financial Co. will post 0.29 EPS for the current year.

TFS Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th were issued a $0.2825 dividend. The ex-dividend date was Thursday, March 6th. This represents a $1.13 dividend on an annualized basis and a yield of 9.09%. TFS Financial’s dividend payout ratio (DPR) is 403.57%.

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.