Martingale Asset Management L P increased its position in TCF Financial Corporation (NYSE:TCB) by 31.7% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 1,039,289 shares of the company’s stock after buying an additional 249,910 shares during the period. Martingale Asset Management L P’s holdings in TCF Financial Corporation were worth $20,361,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. Hedeker Wealth LLC acquired a new position in TCF Financial Corporation during the third quarter worth $1,200,000. Acrospire Investment Management LLC raised its position in TCF Financial Corporation by 40.5% in the third quarter. Acrospire Investment Management LLC now owns 7,285 shares of the company’s stock worth $106,000 after buying an additional 2,100 shares in the last quarter. Fuller & Thaler Asset Management Inc. raised its position in TCF Financial Corporation by 900.5% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 9,555 shares of the company’s stock worth $139,000 after buying an additional 8,600 shares in the last quarter. Tower Research Capital LLC TRC raised its position in TCF Financial Corporation by 1,570.1% in the third quarter. Tower Research Capital LLC TRC now owns 9,837 shares of the company’s stock worth $143,000 after buying an additional 9,248 shares in the last quarter. Finally, Fox Run Management L.L.C. acquired a new position in TCF Financial Corporation during the third quarter worth $147,000. 79.17% of the stock is currently owned by institutional investors.
TCF Financial Corporation (NYSE:TCB) traded up 1.95% during mid-day trading on Tuesday, reaching $17.74. 870,685 shares of the company’s stock traded hands. The stock has a 50-day moving average price of $18.55 and a 200-day moving average price of $16.15. The stock has a market capitalization of $2.97 billion, a PE ratio of 15.43 and a beta of 1.14. TCF Financial Corporation has a 12-month low of $10.74 and a 12-month high of $20.03.
TCF Financial Corporation (NYSE:TCB) last announced its quarterly earnings data on Friday, January 27th. The company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.31 by $0.04. TCF Financial Corporation had a net margin of 15.19% and a return on equity of 9.83%. During the same quarter last year, the firm earned $0.29 EPS. Equities research analysts expect that TCF Financial Corporation will post $1.22 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 1st. Shareholders of record on Wednesday, February 15th will be paid a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a yield of 1.72%. The ex-dividend date of this dividend is Monday, February 13th. TCF Financial Corporation’s payout ratio is 26.09%.
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TCB has been the subject of a number of recent research reports. Deutsche Bank AG lowered shares of TCF Financial Corporation from a “buy” rating to a “hold” rating and reduced their price objective for the company from $22.00 to $20.00 in a research note on Friday, January 20th. DA Davidson reiterated a “neutral” rating and issued a $21.00 price objective on shares of TCF Financial Corporation in a research note on Tuesday, December 13th. Royal Bank Of Canada reduced their price objective on shares of TCF Financial Corporation from $22.00 to $20.00 and set an “outperform” rating for the company in a research note on Monday, January 30th. FBR & Co reiterated a “hold” rating on shares of TCF Financial Corporation in a research note on Wednesday, February 1st. Finally, Zacks Investment Research lowered shares of TCF Financial Corporation from a “buy” rating to a “hold” rating in a research note on Monday, January 30th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating to the company. TCF Financial Corporation presently has an average rating of “Hold” and an average price target of $17.33.
TCF Financial Corporation Company Profile
TCF Financial Corporation (TCF) is a bank holding company. The Company’s principal subsidiary is TCF National Bank (TCF Bank). The Company operates in three segments: Lending, Funding and Support Services. Its Lending segment includes consumer real estate, commercial real estate and business lending, leasing and equipment finance, inventory finance and auto finance.
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