CLEVELAND—Daniel F. Weir, a director at TFS Financial Corp (NASDAQ:TFSL), recently acquired a total of $13,727 worth of common stock through multiple transactions. According to a recent SEC filing, Weir purchased shares on June 25 and September 24, with prices ranging from $12.49 to $13.17 per share.
The transactions involved the acquisition of 323 shares at $12.49 and additional purchases of 313 and 423 shares at $13.17. Notably, the latter transaction was made by Weir's spouse, reflecting indirect ownership. Following these acquisitions, Weir's direct and indirect holdings in TFS Financial increased, with a total of 20,148 shares owned post-transaction.
The purchases were made as part of a dividend reinvestment program facilitated by Weir's brokerage firm.
InvestingPro Insights
In light of Daniel F. Weir's recent stock acquisitions, it's worth noting some key financial metrics and insights about TFS Financial Corp (NASDAQ:TFSL) from InvestingPro.
TFS Financial currently boasts a high dividend yield of 8.69%, which aligns with an InvestingPro Tip indicating that the company "pays a significant dividend to shareholders." This high yield could be a contributing factor to Weir's decision to participate in the dividend reinvestment program.
Additionally, TFS Financial has maintained dividend payments for 11 consecutive years, demonstrating a commitment to returning value to shareholders. This consistency in dividend payments may provide some context for Weir's confidence in increasing his stake in the company.
However, investors should be aware that TFS Financial is trading at a high earnings multiple, with a P/E ratio of 45.14. This valuation metric suggests that the stock may be priced at a premium relative to its earnings.
For those interested in a more comprehensive analysis, InvestingPro offers 7 additional tips for TFS Financial, providing a deeper understanding of the company's financial health and market position.
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