AQR Capital Management LLC Lowers Position in TFS Financial Co. (NASDAQ:TFSL)

AQR Capital Management LLC decreased its holdings in shares of TFS Financial Co. (NASDAQ:TFSL) by 2.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 167,186 shares of the bank’s stock after selling 3,945 shares during the […]

AQR Capital Management LLC decreased its holdings in shares of TFS Financial Co. (NASDAQ:TFSL) by 2.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 167,186 shares of the bank’s stock after selling 3,945 shares during the quarter. AQR Capital Management LLC owned 0.06% of TFS Financial worth $2,392,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Captrust Financial Advisors purchased a new stake in TFS Financial in the second quarter valued at approximately $27,000. Point72 Hong Kong Ltd grew its stake in TFS Financial by 139.7% in the 2nd quarter. Point72 Hong Kong Ltd now owns 2,162 shares of the bank’s stock worth $31,000 after buying an additional 1,260 shares in the last quarter. Enterprise Financial Services Corp increased its holdings in shares of TFS Financial by 45.6% in the 1st quarter. Enterprise Financial Services Corp now owns 3,034 shares of the bank’s stock worth $46,000 after buying an additional 950 shares during the last quarter. Bank of Montreal Can raised its position in shares of TFS Financial by 131.4% during the 2nd quarter. Bank of Montreal Can now owns 5,759 shares of the bank’s stock valued at $77,000 after buying an additional 3,270 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of TFS Financial by 82.1% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,675 shares of the bank’s stock worth $87,000 after acquiring an additional 2,559 shares during the last quarter. 10.54% of the stock is owned by institutional investors.

TFSL has been the topic of a number of research analyst reports. BidaskClub raised TFS Financial from a “sell” rating to a “hold” rating in a research note on Saturday, September 19th. Zacks Investment Research upgraded TFS Financial from a “hold” rating to a “buy” rating and set a $16.00 price objective on the stock in a research report on Wednesday, August 5th.

Shares of TFSL opened at $14.39 on Friday. The firm has a market cap of $4.03 billion, a price-to-earnings ratio of 43.61 and a beta of 0.41. The company has a debt-to-equity ratio of 2.27, a quick ratio of 1.48 and a current ratio of 1.49. TFS Financial Co. has a fifty-two week low of $12.65 and a fifty-two week high of $22.47. The firm has a 50 day moving average price of $15.00 and a 200-day moving average price of $14.87.

TFS Financial (NASDAQ:TFSL) last released its earnings results on Thursday, July 30th. The bank reported $0.10 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.05 by $0.05. The company had revenue of $78.20 million for the quarter, compared to analyst estimates of $73.00 million. TFS Financial had a net margin of 17.76% and a return on equity of 5.42%. As a group, equities research analysts predict that TFS Financial Co. will post 0.31 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 23rd. Stockholders of record on Wednesday, September 9th were issued a $0.28 dividend. The ex-dividend date was Tuesday, September 8th. This represents a $1.12 annualized dividend and a dividend yield of 7.78%. TFS Financial’s dividend payout ratio is currently 400.00%.

TFS Financial Company Profile

TFS Financial Corporation, through its subsidiaries, provides retail consumer banking services in the United States. The company’s deposit products include savings, money market, checking, certificate of deposit, individual retirement, and other qualified plan accounts. It 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.

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Institutional Ownership by Quarter for TFS Financial (NASDAQ:TFSL)

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