Sivia Capital Partners LLC raised its holdings in Toronto Dominion Bank (The) (NYSE:TD – Free Report) (TSE:TD) by 170.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,739 shares of the bank’s stock after purchasing an additional 6,136 shares during the period. Sivia Capital Partners LLC’s holdings in Toronto Dominion Bank were worth $917,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. CBIZ Investment Advisory Services LLC bought a new position in shares of Toronto Dominion Bank in the fourth quarter valued at approximately $34,000. Smartleaf Asset Management LLC boosted its position in shares of Toronto Dominion Bank by 660.9% in the second quarter. Smartleaf Asset Management LLC now owns 525 shares of the bank’s stock valued at $38,000 after acquiring an additional 456 shares during the period. Cornerstone Planning Group LLC boosted its position in shares of Toronto Dominion Bank by 177.9% in the fourth quarter. Cornerstone Planning Group LLC now owns 428 shares of the bank’s stock valued at $40,000 after acquiring an additional 274 shares during the period. Sound Income Strategies LLC boosted its position in shares of Toronto Dominion Bank by 80.6% in the fourth quarter. Sound Income Strategies LLC now owns 466 shares of the bank’s stock valued at $44,000 after acquiring an additional 208 shares during the period. Finally, Murphy & Mullick Capital Management Corp bought a new position in shares of Toronto Dominion Bank in the third quarter valued at approximately $48,000. 52.37% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
A number of equities analysts have recently commented on TD shares. Wall Street Zen lowered shares of Toronto Dominion Bank from a “hold” rating to a “sell” rating in a research report on Saturday, May 23rd. Scotiabank upgraded shares of Toronto Dominion Bank from a “sector perform” rating to a “sector outperform” rating in a research report on Monday, May 4th. Canadian Imperial Bank of Commerce cut shares of Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 12th. Raymond James Financial raised shares of Toronto Dominion Bank from a “market perform” rating to an “outperform” rating in a research note on Tuesday, May 12th. Finally, Weiss Ratings cut shares of Toronto Dominion Bank from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Friday, May 29th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, Toronto Dominion Bank has a consensus rating of “Moderate Buy” and a consensus price target of $156.00.
Toronto Dominion Bank Trading Up 1.2%
Shares of TD opened at $113.73 on Friday. The firm has a market cap of $187.94 billion, a price-to-earnings ratio of 17.74, a PEG ratio of 1.24 and a beta of 0.72. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.04 and a current ratio of 1.04. Toronto Dominion Bank has a fifty-two week low of $69.56 and a fifty-two week high of $114.56. The firm has a 50 day moving average price of $104.79 and a 200-day moving average price of $97.02.
Toronto Dominion Bank (NYSE:TD – Get Free Report) (TSE:TD) last announced its quarterly earnings data on Thursday, May 28th. The bank reported $1.74 earnings per share for the quarter, topping analysts’ consensus estimates of $1.63 by $0.11. The firm had revenue of $11.80 billion during the quarter, compared to analyst estimates of $11.04 billion. Toronto Dominion Bank had a net margin of 13.20% and a return on equity of 14.83%. The business’s quarterly revenue was down 31.1% on a year-over-year basis. During the same period in the previous year, the business posted $1.97 EPS. As a group, equities research analysts forecast that Toronto Dominion Bank will post 6.92 earnings per share for the current year.
Toronto Dominion Bank Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, July 10th will be issued a $1.12 dividend. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date is Friday, July 10th. This is a positive change from Toronto Dominion Bank’s previous quarterly dividend of $1.08. Toronto Dominion Bank’s dividend payout ratio (DPR) is presently 48.52%.
Toronto Dominion Bank Profile
Toronto-Dominion Bank (TD) is a Canadian multinational banking and financial services company headquartered in Toronto, Ontario. Formed through the 1955 merger of the Bank of Toronto (founded 1855) and the Dominion Bank (founded 1869), TD is one of Canada’s largest banks and offers a broad range of financial products and services to individual, small business, commercial and institutional clients.
TD’s core businesses include Canadian and U.S. personal and commercial banking, wealth management, wholesale banking and insurance.
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