LRT Capital Management LLC Buys Shares of 48,348 Toronto Dominion Bank (The) $TD

LRT Capital Management LLC purchased a new stake in Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 48,348 shares of the bank’s stock, valued at approximately $3,865,000. Toronto Dominion Bank makes up 2.6% of LRT Capital Management LLC’s investment portfolio, making the stock its 8th biggest holding.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. True Wealth Design LLC bought a new position in Toronto Dominion Bank in the third quarter worth approximately $27,000. Mather Group LLC. purchased a new stake in Toronto Dominion Bank during the third quarter worth $30,000. Elevation Point Wealth Partners LLC bought a new stake in Toronto Dominion Bank during the 2nd quarter valued at $32,000. Sachetta LLC bought a new stake in Toronto Dominion Bank during the 3rd quarter valued at $33,000. Finally, Smartleaf Asset Management LLC increased its holdings in shares of 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 acquiring an additional 456 shares during the period. 52.37% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

TD has been the subject of several recent research reports. National Bank Financial raised Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a research report on Thursday, December 18th. Raymond James Financial upgraded Toronto Dominion Bank to a “hold” rating in a research note on Monday, November 24th. Jefferies Financial Group downgraded shares of Toronto Dominion Bank from a “buy” rating to a “hold” rating in a report on Tuesday, November 25th. Wall Street Zen raised shares of Toronto Dominion Bank from a “sell” rating to a “hold” rating in a research report on Monday, March 2nd. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Toronto Dominion Bank in a report on Wednesday, January 21st. Two analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $93.00.

Toronto Dominion Bank Stock Performance

Shares of TD opened at $95.25 on Tuesday. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.09. The firm has a market cap of $159.18 billion, a PE ratio of 10.52, a P/E/G ratio of 1.06 and a beta of 0.66. Toronto Dominion Bank has a 12 month low of $54.87 and a 12 month high of $99.84. The stock has a fifty day moving average price of $95.46 and a 200-day moving average price of $87.41.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last announced its earnings results on Thursday, February 26th. The bank reported $1.76 earnings per share for the quarter, topping the consensus estimate of $1.63 by $0.13. Toronto Dominion Bank had a return on equity of 14.29% and a net margin of 17.52%.The firm had revenue of $11.01 billion for the quarter, compared to the consensus estimate of $10.43 billion. During the same period in the previous year, the business earned $2.02 EPS. The firm’s revenue for the quarter was up 18.1% on a year-over-year basis. Equities research analysts predict that Toronto Dominion Bank will post 5.48 earnings per share for the current fiscal year.

Toronto Dominion Bank Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Thursday, April 9th will be issued a $1.08 dividend. This represents a $4.32 annualized dividend and a yield of 4.5%. The ex-dividend date of this dividend is Thursday, April 9th. Toronto Dominion Bank’s dividend payout ratio (DPR) is currently 34.81%.

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.