Arizona State Retirement System cut its position in shares of TCF Financial Co. (NYSE:TCB) by 7.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 71,100 shares of the company’s stock after selling 5,374 shares during the period. Arizona State Retirement System’s holdings in TCF Financial were worth $1,210,000 at the end of the most recent quarter.
A number of other large investors also recently bought and sold shares of TCB. World Asset Management Inc raised its stake in TCF Financial by 0.5% in the first quarter. World Asset Management Inc now owns 10,329 shares of the company’s stock worth $176,000 after buying an additional 54 shares during the last quarter. Chevy Chase Trust Holdings Inc. raised its stake in TCF Financial by 0.7% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 14,781 shares of the company’s stock worth $252,000 after buying an additional 105 shares during the last quarter. Capstone Asset Management Co. raised its stake in TCF Financial by 1.1% in the first quarter. Capstone Asset Management Co. now owns 11,951 shares of the company’s stock worth $203,000 after buying an additional 130 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in TCF Financial by 4.5% in the first quarter. Envestnet Asset Management Inc. now owns 11,422 shares of the company’s stock worth $195,000 after buying an additional 490 shares during the last quarter. Finally, State Treasurer State of Michigan raised its stake in TCF Financial by 0.7% in the first quarter. State Treasurer State of Michigan now owns 69,360 shares of the company’s stock worth $1,181,000 after buying an additional 500 shares during the last quarter.
Shares of TCF Financial Co. (NYSE:TCB) opened at 16.86 on Friday. TCF Financial Co. has a 1-year low of $11.72 and a 1-year high of $20.03. The company has a 50-day moving average price of $16.66 and a 200-day moving average price of $17.23.
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Separately, Morgan Stanley reaffirmed an “equal weight” rating and issued a $16.50 target price (down previously from $18.00) on shares of TCF Financial in a research note on Monday, June 5th.
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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