Sumitomo Mitsui DS Asset Management Company Ltd Has $2.76 Million Position in Toronto Dominion Bank (The) $TD

Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 47.7% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 29,344 shares of the bank’s stock after buying an additional 9,475 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Toronto Dominion Bank were worth $2,764,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the stock. Sachetta LLC bought a new position in Toronto Dominion Bank in the 3rd quarter valued at about $33,000. Smartleaf Asset Management LLC increased its holdings in Toronto Dominion Bank by 660.9% in the 2nd quarter. Smartleaf Asset Management LLC now owns 525 shares of the bank’s stock valued at $38,000 after buying an additional 456 shares during the period. Cornerstone Planning Group LLC increased its holdings in Toronto Dominion Bank by 177.9% in the 4th quarter. Cornerstone Planning Group LLC now owns 428 shares of the bank’s stock valued at $40,000 after buying an additional 274 shares during the period. Sound Income Strategies LLC increased its holdings in Toronto Dominion Bank by 80.6% in the 4th quarter. Sound Income Strategies LLC now owns 466 shares of the bank’s stock valued at $44,000 after buying an additional 208 shares during the period. Finally, Murphy & Mullick Capital Management Corp bought a new position in Toronto Dominion Bank in the 3rd quarter valued at about $48,000. Institutional investors and hedge funds own 52.37% of the company’s stock.

Toronto Dominion Bank Trading Down 0.3%

TD opened at $107.40 on Friday. Toronto Dominion Bank has a fifty-two week low of $62.79 and a fifty-two week high of $109.22. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.05 and a quick ratio of 1.05. The firm has a market capitalization of $177.88 billion, a price-to-earnings ratio of 11.87, a PEG ratio of 1.22 and a beta of 0.71. The company’s 50 day moving average price is $98.90 and its two-hundred day moving average price is $92.93.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last posted its earnings results on Thursday, February 26th. The bank reported $1.76 earnings per share for the quarter, topping analysts’ consensus estimates of $1.63 by $0.13. Toronto Dominion Bank had a net margin of 17.52% and a return on equity of 14.29%. The firm had revenue of $11.01 billion for the quarter, compared to analyst estimates of $10.43 billion. During the same period in the previous year, the firm posted $2.02 EPS. The company’s revenue for the quarter was up 18.1% compared to the same quarter last year. As a group, research analysts predict that Toronto Dominion Bank will post 6.9 earnings per share for the current year.

Toronto Dominion Bank Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 30th. Stockholders of record on Thursday, April 9th were paid a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend was Thursday, April 9th. Toronto Dominion Bank’s dividend payout ratio is currently 34.36%.

Analyst Ratings Changes

TD has been the topic of several research reports. Zacks Research lowered shares of Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Canadian Imperial Bank of Commerce lowered shares of Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 12th. Wall Street Zen raised shares of Toronto Dominion Bank from a “sell” rating to a “hold” rating in a report on Saturday, April 25th. Scotiabank raised shares of Toronto Dominion Bank from a “sector perform” rating to a “sector outperform” rating in a report on Monday, May 4th. Finally, Weiss Ratings raised shares of Toronto Dominion Bank from a “buy (b)” rating to a “buy (a-)” rating in a report on Friday, March 27th. Two research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $93.00.

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.