Trading Report: Today: Pzena Investment Management LLC Boosts Position in TCF Financial Corp. (TCB)

Today: Pzena Investment Management LLC Boosts Position in TCF Financial Corp. (TCB)

Pzena Investment Management LLC boosted its position in shares of TCF Financial Corp. (NYSE:TCB) by 2.3% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 1,578,394 shares of the company’s stock after buying an additional 35,856 shares during the period. Pzena Investment Management LLC owned 0.94% of TCF Financial Corp. worth $22,902,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Dimensional Fund Advisors LP boosted its stake in shares of TCF Financial Corp. by 15.3% in the second quarter. Dimensional Fund Advisors LP now owns 7,923,481 shares of the company’s stock worth $100,230,000 after buying an additional 1,050,082 shares during the period. Citadel Advisors LLC boosted its stake in shares of TCF Financial Corp. by 4,570.8% in the second quarter. Citadel Advisors LLC now owns 1,072,280 shares of the company’s stock worth $13,565,000 after buying an additional 1,049,323 shares during the period. Highbridge Capital Management LLC purchased a new stake in shares of TCF Financial Corp. during the second quarter worth approximately $8,598,000. LSV Asset Management boosted its stake in shares of TCF Financial Corp. by 56.6% in the second quarter. LSV Asset Management now owns 1,824,523 shares of the company’s stock worth $23,080,000 after buying an additional 659,131 shares during the period. Finally, Foundry Partners LLC purchased a new stake in shares of TCF Financial Corp. during the second quarter worth approximately $7,598,000. 78.68% of the stock is owned by hedge funds and other institutional investors.

Shares of TCF Financial Corp. (NYSE:TCB) traded down 0.98% during mid-day trading on Monday, hitting $17.10. The company’s stock had a trading volume of 431,689 shares. TCF Financial Corp. has a 52-week low of $10.37 and a 52-week high of $17.42. The stock’s 50 day moving average price is $15.05 and its 200 day moving average price is $14.07. The company has a market cap of $2.86 billion, a price-to-earnings ratio of 14.63 and a beta of 1.02.

TCF Financial Corp. (NYSE:TCB) last posted its quarterly earnings results on Friday, October 21st. The company reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.01. The company had revenue of $331.70 million for the quarter, compared to the consensus estimate of $215.20 million. TCF Financial Corp. had a return on equity of 10.10% and a net margin of 15.43%. The firm’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.29 EPS. Equities analysts forecast that TCF Financial Corp. will post $1.19 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Tuesday, November 15th will be paid a $0.075 dividend. The ex-dividend date of this dividend is Thursday, November 10th. This represents a $0.30 annualized dividend and a dividend yield of 1.74%. TCF Financial Corp.’s payout ratio is currently 25.64%.

TCB has been the subject of a number of research reports. Stephens cut TCF Financial Corp. from an “overweight” rating to an “equal weight” rating in a research note on Thursday, November 17th. Deutsche Bank AG raised their price objective on TCF Financial Corp. from $15.00 to $17.00 and gave the company a “buy” rating in a research note on Tuesday, October 11th. Keefe, Bruyette & Woods reissued a “market perform” rating on shares of TCF Financial Corp. in a research note on Wednesday, October 12th. Barclays PLC raised their price objective on TCF Financial Corp. from $15.00 to $16.00 and gave the company an “overweight” rating in a research note on Tuesday, October 11th. Finally, Piper Jaffray Cos. reaffirmed a “neutral” rating and set a $15.00 target price on shares of TCF Financial Corp. in a research report on Saturday, October 8th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the company. TCF Financial Corp. has a consensus rating of “Hold” and an average target price of $14.88.

TCF Financial Corp. Company Profile

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