White Pine Capital LLC Cuts Stake in TCF Financial Co. (TCB)
White Pine Capital LLC decreased its holdings in TCF Financial Co. (NYSE:TCB) by 6.0% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 12,432 shares of the company’s stock after selling 800 shares during the period. White Pine Capital LLC’s holdings in TCF Financial were worth $198,000 as of its most recent SEC filing.
Several other institutional investors have also made changes to their positions in the company. Capital Fund Management S.A. purchased a new stake in shares of TCF Financial in the 2nd quarter valued at $991,000. Engineers Gate Manager LP boosted its stake in shares of TCF Financial by 466.0% in the 2nd quarter. Engineers Gate Manager LP now owns 125,781 shares of the company’s stock valued at $2,005,000 after purchasing an additional 103,560 shares in the last quarter. LSV Asset Management boosted its stake in shares of TCF Financial by 2.4% in the 2nd quarter. LSV Asset Management now owns 2,922,164 shares of the company’s stock valued at $46,579,000 after purchasing an additional 69,407 shares in the last quarter. Northwestern Mutual Investment Management Company LLC boosted its stake in shares of TCF Financial by 0.3% in the 2nd quarter. Northwestern Mutual Investment Management Company LLC now owns 29,530 shares of the company’s stock valued at $374,000 after purchasing an additional 94 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of TCF Financial by 21.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 5,597,900 shares of the company’s stock valued at $89,230,000 after purchasing an additional 976,868 shares in the last quarter.
Shares of TCF Financial Co. (NYSE TCB) opened at 16.86 on Tuesday. The company’s 50-day moving average is $16.66 and its 200-day moving average is $17.23. TCF Financial Co. has a 12-month low of $11.72 and a 12-month high of $20.03.
Separately, Morgan Stanley reiterated an “equal weight” rating and set a $16.50 price target (down from $18.00) on shares of TCF Financial in a report on Monday, June 5th.
ILLEGAL ACTIVITY NOTICE: This piece was first reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this piece on another publication, it was stolen and reposted in violation of U.S. and international copyright legislation. The correct version of this piece can be viewed at https://www.thecerbatgem.com/2017/09/12/white-pine-capital-llc-cuts-stake-in-tcf-financial-co-tcb.html.
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.
Receive News & Stock Ratings for TCF Financial Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TCF Financial Co. and related stocks with our FREE daily email newsletter.