TCF Financial Co. (TCF) Shares Bought by Brown Advisory Inc.
Brown Advisory Inc. lifted its holdings in TCF Financial Co. (NYSE:TCF) by 7,053.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 821,596 shares of the bank’s stock after buying an additional 810,110 shares during the quarter. Brown Advisory Inc. owned about 0.49% of TCF Financial worth $16,014,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. Toronto Dominion Bank raised its holdings in TCF Financial by 107,133.3% during the 4th quarter. Toronto Dominion Bank now owns 3,217 shares of the bank’s stock worth $63,000 after purchasing an additional 3,214 shares during the last quarter. Mackey Komara & Dankovich LLC bought a new stake in TCF Financial during the 4th quarter worth about $103,000. JNBA Financial Advisors bought a new stake in TCF Financial during the 4th quarter worth about $146,000. NumerixS Investment Technologies Inc raised its holdings in TCF Financial by 136.8% during the 4th quarter. NumerixS Investment Technologies Inc now owns 9,000 shares of the bank’s stock worth $174,000 after purchasing an additional 5,200 shares during the last quarter. Finally, Parametrica Management Ltd bought a new stake in TCF Financial during the 4th quarter worth about $214,000. 77.75% of the stock is owned by institutional investors and hedge funds.
Shares of TCF stock opened at $22.00 on Friday. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.99 and a quick ratio of 0.99. The stock has a market capitalization of $3.59 billion, a PE ratio of 11.58, a P/E/G ratio of 1.08 and a beta of 1.25. TCF Financial Co. has a one year low of $18.17 and a one year high of $27.34.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 15th were given a $0.15 dividend. The ex-dividend date was Thursday, February 14th. This represents a $0.60 annualized dividend and a dividend yield of 2.73%. TCF Financial’s dividend payout ratio is presently 31.58%.
TCF has been the subject of several recent research reports. Bank of America cut TCF Financial from a “buy” rating to a “neutral” rating in a report on Thursday, January 10th. Zacks Investment Research cut TCF Financial from a “buy” rating to a “hold” rating in a report on Saturday, January 5th. Raymond James raised TCF Financial from an “outperform” rating to a “strong-buy” rating and set a $28.00 price objective for the company in a report on Tuesday, January 29th. Sandler O’Neill raised TCF Financial from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a report on Friday, February 8th. Finally, Wells Fargo & Co set a $26.00 price target on TCF Financial and gave the company a “buy” rating in a research note on Tuesday, January 29th. Nine investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. TCF Financial has a consensus rating of “Buy” and a consensus target price of $26.21.
TCF Financial Company Profile
TCF Financial Corporation operates as the holding company for TCF National Bank that provides various financial products and services in the United States and Canada. It operates through Consumer Banking, Wholesale Banking, and Enterprise Services segments. The company offers checking, savings, and money market accounts; certificates of deposits; and individual retirement accounts.
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