Syon Capital LLC Has $830,000 Position in The Toronto-Dominion Bank (NYSE:TD)

Syon Capital LLC raised its stake in The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 109.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 12,840 shares of the bank’s stock after buying an additional 6,703 shares during the quarter. Syon Capital LLC’s holdings in Toronto-Dominion Bank were worth $830,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of TD. Private Trust Co. NA raised its position in Toronto-Dominion Bank by 10.6% during the fourth quarter. Private Trust Co. NA now owns 1,808 shares of the bank’s stock worth $117,000 after acquiring an additional 174 shares in the last quarter. Stratos Wealth Partners LTD. raised its position in Toronto-Dominion Bank by 0.9% during the fourth quarter. Stratos Wealth Partners LTD. now owns 20,126 shares of the bank’s stock worth $1,301,000 after acquiring an additional 174 shares in the last quarter. Cooper Financial Group raised its position in Toronto-Dominion Bank by 2.4% during the fourth quarter. Cooper Financial Group now owns 8,120 shares of the bank’s stock worth $525,000 after acquiring an additional 188 shares in the last quarter. Costello Asset Management INC raised its position in Toronto-Dominion Bank by 3.3% during the third quarter. Costello Asset Management INC now owns 6,325 shares of the bank’s stock worth $381,000 after acquiring an additional 200 shares in the last quarter. Finally, CENTRAL TRUST Co raised its position in Toronto-Dominion Bank by 1.3% during the third quarter. CENTRAL TRUST Co now owns 15,928 shares of the bank’s stock worth $960,000 after acquiring an additional 207 shares in the last quarter. Institutional investors own 52.37% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Scotiabank upgraded shares of Toronto-Dominion Bank from a “sector perform” rating to a “sector outperform” rating in a report on Wednesday, April 17th. Jefferies Financial Group assumed coverage on shares of Toronto-Dominion Bank in a report on Thursday, February 22nd. They issued a “hold” rating on the stock. Finally, Barclays assumed coverage on shares of Toronto-Dominion Bank in a report on Wednesday, March 20th. They issued an “equal weight” rating on the stock. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Toronto-Dominion Bank has an average rating of “Hold” and an average price target of $89.33.

Toronto-Dominion Bank Stock Performance

Shares of TD stock traded up $0.27 on Friday, hitting $59.38. The company’s stock had a trading volume of 2,167,513 shares, compared to its average volume of 2,980,016. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.99 and a current ratio of 0.99. The stock’s 50 day moving average is $59.36 and its 200-day moving average is $60.07. The Toronto-Dominion Bank has a fifty-two week low of $54.69 and a fifty-two week high of $66.15. The company has a market capitalization of $104.70 billion, a PE ratio of 12.63, a PEG ratio of 1.81 and a beta of 0.86.

Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last posted its quarterly earnings data on Thursday, February 29th. The bank reported $1.47 earnings per share for the quarter, topping the consensus estimate of $1.42 by $0.05. Toronto-Dominion Bank had a net margin of 11.16% and a return on equity of 14.15%. The business had revenue of $10.07 billion during the quarter, compared to analysts’ expectations of $9.35 billion. Equities research analysts expect that The Toronto-Dominion Bank will post 5.85 earnings per share for the current fiscal year.

Toronto-Dominion Bank Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, April 9th will be given a dividend of $0.7519 per share. This is a boost from Toronto-Dominion Bank’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend is Monday, April 8th. This represents a $3.01 annualized dividend and a yield of 5.07%. Toronto-Dominion Bank’s dividend payout ratio is currently 30.56%.

Toronto-Dominion Bank Company Profile

The Toronto-Dominion Bank, together with its subsidiaries, provides various financial products and services in Canada, the United States, and internationally. It operates through four segments: Canadian Personal and Commercial Banking, U.S. Retail, Wealth Management and Insurance, and Wholesale Banking.