Blue Sky Asset Management LLC Takes Position in TCF Financial Co. (TCB)

Blue Sky Asset Management LLC acquired a new position in TCF Financial Co. (NYSE:TCB) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 42,420 shares of the company’s stock, valued at approximately $676,000.

Several other hedge funds have also recently added to or reduced their stakes in TCB. Vanguard Group Inc. increased its stake in shares of TCF Financial by 7.5% in the first quarter. Vanguard Group Inc. now owns 14,059,786 shares of the company’s stock valued at $239,297,000 after buying an additional 979,103 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of TCF Financial by 8.9% in the first quarter. Dimensional Fund Advisors LP now owns 9,677,082 shares of the company’s stock valued at $164,704,000 after buying an additional 790,887 shares in the last quarter. Citadel Advisors LLC increased its stake in shares of TCF Financial by 198.7% in the first quarter. Citadel Advisors LLC now owns 4,636,427 shares of the company’s stock valued at $78,912,000 after buying an additional 3,084,294 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of TCF Financial by 146.1% in the first quarter. JPMorgan Chase & Co. now owns 4,621,032 shares of the company’s stock valued at $78,650,000 after buying an additional 2,743,516 shares in the last quarter. Finally, Wedge Capital Management L L P NC increased its stake in shares of TCF Financial by 4.4% in the first quarter. Wedge Capital Management L L P NC now owns 4,216,237 shares of the company’s stock valued at $71,760,000 after buying an additional 177,185 shares in the last quarter.

TCF Financial Co. (NYSE TCB) traded down 0.65% during trading on Friday, reaching $16.86. 901,490 shares of the company’s stock were exchanged. The company’s 50-day moving average is $16.63 and its 200-day moving average is $17.25. TCF Financial Co. has a 1-year low of $11.72 and a 1-year high of $20.03.

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Separately, Morgan Stanley reiterated an “equal weight” rating and issued a $16.50 price target (down from $18.00) on shares of TCF Financial in a report on Monday, June 5th.

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.

Institutional Ownership by Quarter for TCF Financial (NYSE:TCB)

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