Engineers Gate Manager LP boosted its position in TCF Financial Co. (NYSE:TCB) by 466.0% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 125,781 shares of the company’s stock after purchasing an additional 103,560 shares during the period. Engineers Gate Manager LP’s holdings in TCF Financial were worth $2,005,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in TCF Financial by 9.8% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,487 shares of the company’s stock valued at $103,000 after purchasing an additional 580 shares in the last quarter. Victory Capital Management Inc. increased its stake in TCF Financial by 17.0% in the 1st quarter. Victory Capital Management Inc. now owns 7,784 shares of the company’s stock valued at $132,000 after purchasing an additional 1,132 shares in the last quarter. Neuburgh Advisers LLC increased its stake in TCF Financial by 75.4% in the 1st quarter. Neuburgh Advisers LLC now owns 9,376 shares of the company’s stock valued at $160,000 after purchasing an additional 4,032 shares in the last quarter. Janney Montgomery Scott LLC purchased a new position in TCF Financial in the 2nd quarter valued at approximately $164,000. Finally, World Asset Management Inc increased its stake in TCF Financial by 1.8% in the 2nd quarter. World Asset Management Inc now owns 10,519 shares of the company’s stock valued at $168,000 after purchasing an additional 190 shares in the last quarter.
Separately, Morgan Stanley reaffirmed an “equal weight” rating and issued a $16.50 price objective (down from $18.00) on shares of TCF Financial in a research note on Monday, June 5th.
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TCF Financial Co. (TCB) opened at 16.86 on Monday. The company has a 50-day moving average price of $16.66 and a 200 day moving average price of $17.23. TCF Financial Co. has a 1-year low of $11.72 and a 1-year high of $20.03.
TCF Financial Company Profile
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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