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In a recent transaction, Marc Stefanski, Chairman, President, and CEO of TFS Financial Corp (NASDAQ:TFSL), sold 22,000 shares of the company’s common stock. The shares were sold at an average price of $13.13 per share, amounting to a total transaction value of $288,860. The $3.63 billion financial institution currently trades at a relatively high P/E ratio of 45x, according to InvestingPro data.
Following this sale, Stefanski holds 171,784 shares directly. Additionally, he maintains indirect ownership of shares through various trusts and accounts, including those held by his spouse and as a trustee for family trusts. Notably, the company maintains an attractive dividend yield of 8.63% and has consistently paid dividends for 12 consecutive years.
The transaction is part of a broader plan by Stefanski to potentially sell up to 150,000 shares of TFS Financial’s common stock by March 14, 2025, as part of his estate planning strategy to diversify financial holdings. With analyst price targets ranging from $14.50 to $15.00, suggesting potential upside, investors can access more detailed analysis and additional insights through InvestingPro.
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