Value Partners Investments Inc. Boosts Position in Toronto Dominion Bank (The) $TD

Value Partners Investments Inc. increased its position in Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 15.8% in the third quarter, Holdings Channel.com reports. The fund owned 48,757 shares of the bank’s stock after acquiring an additional 6,654 shares during the quarter. Value Partners Investments Inc.’s holdings in Toronto Dominion Bank were worth $3,897,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of TD. Algert Global LLC bought a new position in shares of Toronto Dominion Bank in the first quarter worth $256,000. Northwestern Mutual Wealth Management Co. grew its position in Toronto Dominion Bank by 16.4% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 49,509 shares of the bank’s stock worth $2,968,000 after buying an additional 6,968 shares in the last quarter. Campbell & CO Investment Adviser LLC purchased a new position in Toronto Dominion Bank during the first quarter worth about $1,713,000. FORA Capital LLC bought a new position in Toronto Dominion Bank in the 1st quarter worth about $1,630,000. Finally, Eisler Capital Management Ltd. bought a new stake in shares of Toronto Dominion Bank during the 1st quarter valued at about $19,930,000. Hedge funds and other institutional investors own 52.37% of the company’s stock.

Toronto Dominion Bank Price Performance

TD stock opened at $94.09 on Wednesday. The stock has a market capitalization of $158.97 billion, a price-to-earnings ratio of 11.16, a PEG ratio of 1.30 and a beta of 0.69. The firm’s 50-day moving average price is $84.30 and its two-hundred day moving average price is $78.24. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.09. Toronto Dominion Bank has a 12-month low of $52.56 and a 12-month high of $94.21.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last announced its quarterly earnings results on Thursday, December 4th. The bank reported $1.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.46 by $0.10. The company had revenue of $11.44 billion for the quarter, compared to the consensus estimate of $10.10 billion. Toronto Dominion Bank had a return on equity of 13.90% and a net margin of 16.52%.Toronto Dominion Bank’s revenue was down .1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.72 EPS. As a group, equities analysts predict that Toronto Dominion Bank will post 5.48 earnings per share for the current year.

Toronto Dominion Bank Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Saturday, January 31st. Investors of record on Friday, January 9th will be paid a $1.08 dividend. The ex-dividend date of this dividend is Friday, January 9th. This is a positive change from Toronto Dominion Bank’s previous quarterly dividend of $1.05. This represents a $4.32 dividend on an annualized basis and a yield of 4.6%. Toronto Dominion Bank’s payout ratio is 35.82%.

Analyst Ratings Changes

Several analysts have recently weighed in on TD shares. Weiss Ratings restated a “buy (b)” rating on shares of Toronto Dominion Bank in a research report on Wednesday, October 8th. Jefferies Financial Group lowered Toronto Dominion Bank from a “buy” rating to a “hold” rating in a research note on Tuesday, November 25th. Royal Bank Of Canada upgraded Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a research report on Friday, October 3rd. National Bank Financial raised Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a research note on Thursday, December 18th. Finally, Natl Bk Canada upgraded shares of Toronto Dominion Bank from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 17th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus 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.