Sei Investments Co. increased its stake in TCF Financial Co. (NYSE:TCF) by 12.7% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 404,855 shares of the bank’s stock after buying an additional 45,695 shares during the period. Sei Investments Co. owned 0.27% of TCF Financial worth $9,463,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. UBS Asset Management Americas Inc. grew its stake in shares of TCF Financial by 22.1% in the 3rd quarter. UBS Asset Management Americas Inc. now owns 230,266 shares of the bank’s stock worth $5,379,000 after buying an additional 41,649 shares during the last quarter. LPL Financial LLC grew its stake in shares of TCF Financial by 19.0% in the 3rd quarter. LPL Financial LLC now owns 16,550 shares of the bank’s stock worth $387,000 after buying an additional 2,646 shares during the last quarter. KBC Group NV grew its stake in shares of TCF Financial by 30.7% in the 3rd quarter. KBC Group NV now owns 78,551 shares of the bank’s stock worth $1,835,000 after buying an additional 18,452 shares during the last quarter. UBS Group AG boosted its stake in TCF Financial by 95.9% during the 2nd quarter. UBS Group AG now owns 85,510 shares of the bank’s stock valued at $2,515,000 after purchasing an additional 41,864 shares during the last quarter. Finally, Exane Derivatives boosted its stake in TCF Financial by 249.2% during the 3rd quarter. Exane Derivatives now owns 5,018 shares of the bank’s stock valued at $117,000 after purchasing an additional 3,581 shares during the last quarter. Institutional investors own 80.46% of the company’s stock.Get TCF Financial alerts:
A number of brokerages recently commented on TCF. DA Davidson assumed coverage on TCF Financial in a report on Wednesday, October 7th. They issued a “neutral” rating and a $25.00 target price on the stock. Wells Fargo & Company lowered TCF Financial from an “overweight” rating to an “equal weight” rating in a research report on Tuesday. Raymond James lowered TCF Financial from a “strong-buy” rating to an “outperform” rating and lifted their price target for the stock from $40.00 to $42.00 in a research report on Tuesday. TheStreet upgraded TCF Financial from a “c+” rating to a “b” rating in a research report on Friday, November 13th. Finally, Piper Sandler lowered TCF Financial from an “overweight” rating to a “neutral” rating and set a $38.83 price target for the company. in a research report on Monday, December 14th. Six equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $35.74.
TCF Financial stock opened at $36.51 on Friday. The company has a 50 day moving average price of $33.16 and a 200-day moving average price of $29.07. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.97 and a current ratio of 0.97. TCF Financial Co. has a fifty-two week low of $16.96 and a fifty-two week high of $47.46. The company has a market capitalization of $5.57 billion, a PE ratio of 19.22, a P/E/G ratio of 1.36 and a beta of 1.30.
TCF Financial (NYSE:TCF) last posted its quarterly earnings results on Saturday, October 31st. The bank reported $0.63 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.64 by ($0.01). TCF Financial had a net margin of 20.10% and a return on equity of 14.01%. The company had revenue of $420.45 million for the quarter, compared to the consensus estimate of $505.85 million. During the same period in the prior year, the firm posted $0.98 EPS. The business’s revenue was down 8.6% on a year-over-year basis. On average, analysts forecast that TCF Financial Co. will post 1.95 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 1st. Investors of record on Monday, November 16th were paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 3.83%. The ex-dividend date of this dividend was Friday, November 13th. TCF Financial’s dividend payout ratio (DPR) is 73.68%.
TCF Financial Company Profile
TCF Financial Corporation operates as the financial holding company for TCF National Bank that provides various financial products and services in the United States and Canada. It operates through Consumer Banking, Wholesale Banking, and Enterprise Services segments. The company offers checking, savings, and money market accounts; certificates of deposit; and individual retirement accounts.
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