Maridea Wealth Management LLC Invests $483,000 in TFS Financial Co. (NASDAQ:TFSL)

Maridea Wealth Management LLC purchased a new stake in TFS Financial Co. (NASDAQ:TFSL) in the 4th quarter, Holdings Channel reports. The firm purchased 38,479 shares of the bank’s stock, valued at approximately $483,000.

A number of other large investors have also made changes to their positions in TFSL. Geode Capital Management LLC raised its position in shares of TFS Financial by 2.2% during the third quarter. Geode Capital Management LLC now owns 1,081,201 shares of the bank’s stock worth $13,907,000 after purchasing an additional 22,777 shares during the period. JPMorgan Chase & Co. raised its holdings in TFS Financial by 6.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 28,646 shares of the bank’s stock worth $368,000 after buying an additional 1,784 shares during the period. BNP Paribas Financial Markets lifted its stake in TFS Financial by 814.2% in the third quarter. BNP Paribas Financial Markets now owns 8,420 shares of the bank’s stock valued at $108,000 after buying an additional 7,499 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of TFS Financial in the third quarter valued at approximately $310,000. Finally, Readystate Asset Management LP bought a new stake in shares of TFS Financial during the third quarter worth $866,000. Institutional investors own 9.81% of the company’s stock.

TFS Financial Trading Down 1.0 %

TFSL opened at $12.28 on Friday. The stock has a market capitalization of $3.45 billion, a P/E ratio of 43.86 and a beta of 0.77. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 2.43. TFS Financial Co. has a 12 month low of $11.70 and a 12 month high of $15.00. The firm’s fifty day simple moving average is $12.91 and its 200 day simple moving average is $13.07.

TFS Financial (NASDAQ:TFSL) last issued its quarterly earnings results on Tuesday, February 4th. The bank reported $0.08 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.02. TFS Financial had a return on equity of 4.28% and a net margin of 10.58%. As a group, research analysts anticipate that TFS Financial Co. will post 0.29 EPS for the current fiscal year.

TFS Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th were given a dividend of $0.2825 per share. This represents a $1.13 dividend on an annualized basis and a yield of 9.20%. The ex-dividend date of this dividend was Thursday, March 6th. TFS Financial’s dividend payout ratio (DPR) is currently 403.57%.

Insider Transactions at TFS Financial

In related news, Director Daniel F. Weir sold 10,000 shares of the stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $13.11, for a total transaction of $131,100.00. Following the completion of the transaction, the director now directly owns 18,841 shares of the company’s stock, valued at approximately $247,005.51. This represents a 34.67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Cathy W. Zbanek sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $13.72, for a total value of $274,400.00. Following the transaction, the insider now directly owns 88,197 shares in the company, valued at $1,210,062.84. This trade represents a 18.48 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 118,055 shares of company stock valued at $1,550,540 in the last ninety days. 0.95% of the stock is currently owned by corporate insiders.

About TFS Financial

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.