Rhumbline Advisers decreased its holdings in TCF Financial Co. (NYSE:TCB) by 2.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 313,404 shares of the company’s stock after selling 7,857 shares during the quarter. Rhumbline Advisers’ holdings in TCF Financial were worth $4,996,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of TCB. Capstone Asset Management Co. grew its holdings in shares of TCF Financial by 1.1% during the 1st quarter. Capstone Asset Management Co. now owns 11,951 shares of the company’s stock worth $203,000 after purchasing an additional 130 shares during the period. Louisiana State Employees Retirement System grew its holdings in shares of TCF Financial by 1.9% during the 1st quarter. Louisiana State Employees Retirement System now owns 43,100 shares of the company’s stock worth $734,000 after purchasing an additional 800 shares during the period. Nationwide Fund Advisors grew its holdings in shares of TCF Financial by 3.1% during the 1st quarter. Nationwide Fund Advisors now owns 550,824 shares of the company’s stock worth $9,375,000 after purchasing an additional 16,646 shares during the period. ProShare Advisors LLC grew its holdings in shares of TCF Financial by 8.9% during the 1st quarter. ProShare Advisors LLC now owns 47,265 shares of the company’s stock worth $804,000 after purchasing an additional 3,844 shares during the period. Finally, Glen Harbor Capital Management LLC grew its holdings in shares of TCF Financial by 75.4% during the 1st quarter. Glen Harbor Capital Management LLC now owns 12,892 shares of the company’s stock worth $219,000 after purchasing an additional 5,544 shares during the period.
TCF Financial Co. (TCB) traded down 0.65% during trading on Friday, reaching $16.86. The company’s stock had a trading volume of 901,490 shares. The stock’s 50-day moving average is $16.66 and its 200 day moving average is $17.23. TCF Financial Co. has a 52-week low of $11.72 and a 52-week high of $20.03.
Separately, Morgan Stanley reiterated an “equal weight” rating and set a $16.50 target price (down previously from $18.00) on shares of TCF Financial in a report on Monday, June 5th.
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TCF Financial 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: Consumer Banking, Wholesale Banking and Enterprise Services. Consumer Banking comprises all of the Company’s consumer-facing businesses.
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