Disciplined Growth Investors Inc. MN grew its holdings in TCF Financial Co. (NYSE:TCF) by 0.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,823,259 shares of the bank’s stock after buying an additional 6,917 shares during the period. Disciplined Growth Investors Inc. MN owned approximately 1.06% of TCF Financial worth $37,377,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also modified their holdings of TCF. BlackRock Inc. boosted its stake in shares of TCF Financial by 1.0% during the 4th quarter. BlackRock Inc. now owns 14,189,974 shares of the bank’s stock worth $290,893,000 after purchasing an additional 135,835 shares during the period. Dimensional Fund Advisors LP purchased a new position in shares of TCF Financial during the 3rd quarter worth about $188,275,000. JPMorgan Chase & Co. boosted its stake in shares of TCF Financial by 12.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 6,274,734 shares of the bank’s stock worth $106,545,000 after purchasing an additional 676,834 shares during the period. Wedge Capital Management L L P NC purchased a new position in shares of TCF Financial during the 4th quarter worth about $83,140,000. Finally, Hotchkis & Wiley Capital Management LLC purchased a new position in shares of TCF Financial during the 3rd quarter worth about $57,331,000. 84.90% of the stock is owned by institutional investors and hedge funds.
A number of research firms recently commented on TCF. Barclays lifted their price target on shares of TCF Financial from $21.00 to $23.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 2nd. Jefferies Group reaffirmed a “hold” rating and set a $21.00 price target on shares of TCF Financial in a research note on Friday, December 8th. JPMorgan Chase & Co. cut shares of TCF Financial from a “neutral” rating to an “underweight” rating and set a $22.00 price target for the company. in a research note on Wednesday, January 31st. Piper Jaffray Companies raised shares of TCF Financial from a “neutral” rating to an “overweight” rating and set a $23.00 price target for the company in a research note on Tuesday, November 28th. Finally, DA Davidson reaffirmed a “buy” rating and set a $23.00 price target on shares of TCF Financial in a research note on Wednesday, November 29th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $21.67.
Shares of TCF stock opened at $23.38 on Wednesday. TCF Financial Co. has a twelve month low of $14.58 and a twelve month high of $23.80. The firm has a market cap of $4,019.33, a PE ratio of 16.24, a P/E/G ratio of 1.68 and a beta of 1.12. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.52.
TCF Financial (NYSE:TCF) last announced its quarterly earnings data on Tuesday, January 30th. The bank reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.02). TCF Financial had a net margin of 18.31% and a return on equity of 9.85%. The company had revenue of $362.75 million for the quarter, compared to the consensus estimate of $355.48 million. equities analysts forecast that TCF Financial Co. will post 1.7 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 1st. Investors of record on Thursday, February 15th were issued a dividend of $0.15 per share. This is a positive change from TCF Financial’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend was Wednesday, February 14th. This represents a $0.60 dividend on an annualized basis and a yield of 2.57%. TCF Financial’s dividend payout ratio (DPR) is presently 41.67%.
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TCF Financial 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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