Rockefeller Financial Services Inc. acquired a new stake in TCF Financial Co. (NYSE:TCF) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 214,116 shares of the bank’s stock, valued at approximately $4,389,000.
Several other institutional investors have also made changes to their positions in the company. Dimensional Fund Advisors LP purchased a new stake in shares of TCF Financial in the third quarter worth about $188,275,000. Wedge Capital Management L L P NC purchased a new stake in shares of TCF Financial in the fourth quarter worth about $83,140,000. Hotchkis & Wiley Capital Management LLC purchased a new stake in shares of TCF Financial in the third quarter worth about $57,331,000. Fuller & Thaler Asset Management Inc. purchased a new stake in shares of TCF Financial in the third quarter worth about $40,868,000. Finally, Neuberger Berman Group LLC purchased a new stake in shares of TCF Financial in the third quarter worth about $34,557,000. Institutional investors and hedge funds own 82.61% of the company’s stock.
In other TCF Financial news, Director Peter Bell sold 15,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of $20.53, for a total transaction of $307,950.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 2.50% of the company’s stock.
Shares of TCF Financial Co. (NYSE:TCF) opened at $21.65 on Monday. TCF Financial Co. has a 52-week low of $14.58 and a 52-week high of $22.42. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.03 and a current ratio of 1.03. The stock has a market capitalization of $3,716.64, a P/E ratio of 18.04, a price-to-earnings-growth ratio of 1.57 and a beta of 1.21.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Thursday, February 15th will be given a dividend of $0.15 per share. The ex-dividend date is Wednesday, February 14th. This is an increase from TCF Financial’s previous quarterly dividend of $0.08. This represents a $0.60 dividend on an annualized basis and a yield of 2.77%. TCF Financial’s dividend payout ratio is 20.83%.
A number of equities research analysts recently commented on TCF shares. Royal Bank of Canada reiterated a “buy” rating and issued a $20.00 target price on shares of TCF Financial in a research report on Friday, October 27th. Zacks Investment Research upgraded TCF Financial from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a research report on Wednesday, November 1st. DA Davidson upgraded TCF Financial from a “neutral” rating to a “buy” rating in a research report on Tuesday, October 31st. Sandler O’Neill upgraded TCF Financial from a “hold” rating to a “buy” rating in a research report on Tuesday, November 28th. Finally, ValuEngine upgraded TCF Financial from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the stock. TCF Financial presently has a consensus rating of “Hold” and an average target price of $20.92.
About TCF Financial
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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