Shell Asset Management Co. Maintains Stake in TCF Financial Co. (TCB)
Shell Asset Management Co. continued to hold its position in TCF Financial Co. (NYSE:TCB) during the second quarter, Holdings Channel reports. The institutional investor owned 50,760 shares of the company’s stock at the end of the second quarter. Shell Asset Management Co.’s holdings in TCF Financial were worth $809,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. ING Groep NV purchased a new position in TCF Financial during the second quarter worth about $332,000. First Citizens Bank & Trust Co. boosted its position in TCF Financial by 31.3% in the second quarter. First Citizens Bank & Trust Co. now owns 20,826 shares of the company’s stock valued at $332,000 after buying an additional 4,965 shares during the period. Schwab Charles Investment Management Inc. boosted its position in TCF Financial by 3.8% in the first quarter. Schwab Charles Investment Management Inc. now owns 1,870,225 shares of the company’s stock valued at $31,832,000 after buying an additional 68,784 shares during the period. Amalgamated Bank boosted its position in TCF Financial by 3.0% in the first quarter. Amalgamated Bank now owns 25,092 shares of the company’s stock valued at $427,000 after buying an additional 734 shares during the period. Finally, KCG Holdings Inc. bought a new position in TCF Financial during the first quarter valued at $262,000.
TCF Financial Co. (NYSE:TCB) opened at 16.86 on Friday. TCF Financial Co. has a 52-week low of $11.72 and a 52-week high of $20.03. The company has a 50-day moving average of $16.66 and a 200 day moving average of $17.23.
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Separately, Morgan Stanley restated an “equal weight” rating and issued a $16.50 price objective (down previously from $18.00) on shares of TCF Financial in a research report 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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