JPMorgan Chase & Co. Has $368,000 Holdings in TFS Financial Co. (NASDAQ:TFSL)

JPMorgan Chase & Co. lifted its holdings in TFS Financial Co. (NASDAQ:TFSL) by 6.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,646 shares of the bank’s stock after acquiring an additional 1,784 shares during the quarter. JPMorgan Chase & Co.’s holdings in TFS Financial were worth $368,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC grew its holdings in shares of TFS Financial by 44.0% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,194 shares of the bank’s stock valued at $41,000 after buying an additional 976 shares during the period. Inspire Investing LLC boosted its stake in shares of TFS Financial by 14.8% in the third quarter. Inspire Investing LLC now owns 31,945 shares of the bank’s stock valued at $411,000 after buying an additional 4,107 shares during the period. Creative Planning lifted its holdings in shares of TFS Financial by 13.9% during the 3rd quarter. Creative Planning now owns 43,818 shares of the bank’s stock worth $564,000 after acquiring an additional 5,350 shares during the period. Nisa Investment Advisors LLC lifted its stake in TFS Financial by 125.0% in the 3rd quarter. Nisa Investment Advisors LLC now owns 12,600 shares of the bank’s stock valued at $162,000 after purchasing an additional 7,000 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its holdings in TFS Financial by 814.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 8,420 shares of the bank’s stock worth $108,000 after acquiring an additional 7,499 shares during the last quarter. 9.81% of the stock is currently owned by institutional investors.

TFS Financial Trading Down 0.2 %

Shares of TFSL stock opened at $12.75 on Thursday. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 2.57. The firm has a market cap of $3.58 billion, a P/E ratio of 47.22 and a beta of 0.71. TFS Financial Co. has a 12-month low of $11.70 and a 12-month high of $14.99. The company has a 50 day moving average of $13.07 and a 200-day moving average of $13.18.

TFS Financial (NASDAQ:TFSL) last issued its quarterly earnings results on Wednesday, October 30th. The bank reported $0.06 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.06. The firm had revenue of $194.94 million during the quarter. TFS Financial had a return on equity of 4.22% and a net margin of 10.49%. During the same quarter last year, the business posted $0.07 EPS. Sell-side analysts anticipate that TFS Financial Co. will post 0.26 earnings per share for the current year.

TFS Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 17th. Shareholders of record on Tuesday, December 3rd were paid a $0.2825 dividend. This represents a $1.13 annualized dividend and a yield of 8.86%. The ex-dividend date of this dividend was Tuesday, December 3rd. TFS Financial’s dividend payout ratio is presently 418.53%.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler restated a “neutral” rating and set a $15.00 target price on shares of TFS Financial in a research report on Friday, November 22nd.

TFS Financial Company 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.