DKRT Investments Corp. Increases Position in Toronto Dominion Bank (The) $TD

DKRT Investments Corp. increased its position in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 50.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 105,000 shares of the bank’s stock after acquiring an additional 35,000 shares during the quarter. Toronto Dominion Bank makes up approximately 2.0% of DKRT Investments Corp.’s holdings, making the stock its 12th biggest holding. DKRT Investments Corp.’s holdings in Toronto Dominion Bank were worth $8,395,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TD. Canada Pension Plan Investment Board raised its holdings in Toronto Dominion Bank by 18.5% in the 2nd quarter. Canada Pension Plan Investment Board now owns 12,470,618 shares of the bank’s stock valued at $917,832,000 after acquiring an additional 1,946,172 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in shares of Toronto Dominion Bank by 0.8% during the second quarter. The Manufacturers Life Insurance Company now owns 13,815,706 shares of the bank’s stock worth $1,010,852,000 after purchasing an additional 115,203 shares during the last quarter. Picton Mahoney Asset Management purchased a new stake in shares of Toronto Dominion Bank in the second quarter valued at $267,475,000. Bank of New York Mellon Corp grew its position in shares of Toronto Dominion Bank by 3.2% in the second quarter. Bank of New York Mellon Corp now owns 1,658,144 shares of the bank’s stock valued at $121,791,000 after purchasing an additional 51,698 shares during the period. Finally, Ontario Teachers Pension Plan Board increased its stake in Toronto Dominion Bank by 304.0% in the second quarter. Ontario Teachers Pension Plan Board now owns 2,446,307 shares of the bank’s stock valued at $180,047,000 after purchasing an additional 1,840,747 shares during the last quarter. 52.37% of the stock is owned by hedge funds and other institutional investors.

Toronto Dominion Bank Stock Down 1.5%

Shares of NYSE:TD opened at $95.64 on Friday. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.09. Toronto Dominion Bank has a 52-week low of $54.87 and a 52-week high of $99.84. The company has a 50 day moving average of $95.43 and a two-hundred day moving average of $86.36. The company has a market capitalization of $159.84 billion, a price-to-earnings ratio of 10.57, a price-to-earnings-growth ratio of 1.11 and a beta of 0.66.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last posted its quarterly earnings data on Thursday, February 26th. The bank reported $1.76 earnings per share (EPS) for the quarter, beating 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 company had revenue of $11.01 billion for the quarter, compared to analyst estimates of $10.43 billion. During the same quarter last year, the firm posted $2.02 earnings per share. The business’s quarterly revenue was up 18.1% on a year-over-year basis. As a group, analysts forecast that Toronto Dominion Bank will post 5.48 earnings per share for the current fiscal year.

Toronto Dominion Bank Announces Dividend

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

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Canadian Imperial Bank of Commerce downgraded Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 12th. Zacks Research upgraded Toronto Dominion Bank from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 18th. Wall Street Zen raised shares of Toronto Dominion Bank from a “sell” rating to a “hold” rating in a research note on Monday, March 2nd. National Bank Financial upgraded shares of Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a report on Thursday, December 18th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Toronto Dominion Bank in a research report on Wednesday, January 21st. Two equities research 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 company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target 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.