Y Intercept Hong Kong Ltd Acquires Shares of 86,031 Toronto Dominion Bank (The) $TD

Y Intercept Hong Kong Ltd bought a new stake in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 86,031 shares of the bank’s stock, valued at approximately $8,028,000.

Several other large investors also recently added to or reduced their stakes in TD. Prime Capital Investment Advisors LLC increased its position in shares of Toronto Dominion Bank by 433.7% during the 4th quarter. Prime Capital Investment Advisors LLC now owns 16,218 shares of the bank’s stock valued at $1,528,000 after purchasing an additional 13,179 shares during the last quarter. Alberta Investment Management Corp bought a new stake in shares of Toronto Dominion Bank in the 4th quarter worth about $299,850,000. JCIC Asset Management Inc. boosted its stake in shares of Toronto Dominion Bank by 891.5% during the 4th quarter. JCIC Asset Management Inc. now owns 85,248 shares of the bank’s stock worth $8,035,000 after purchasing an additional 76,650 shares during the period. Sivia Capital Partners LLC purchased a new position in shares of Toronto Dominion Bank during the 2nd quarter worth about $259,000. Finally, LRT Capital Management LLC bought a new position in Toronto Dominion Bank during the 3rd quarter valued at about $3,865,000. 52.37% of the stock is owned by institutional investors.

Toronto Dominion Bank Trading Up 0.0%

Shares of TD opened at $119.31 on Friday. The firm has a market capitalization of $197.15 billion, a price-to-earnings ratio of 18.61, a PEG ratio of 1.33 and a beta of 0.71. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.04 and a quick ratio of 1.04. Toronto Dominion Bank has a 1-year low of $72.21 and a 1-year high of $122.65. The company has a 50-day moving average of $112.94 and a 200 day moving average of $101.81.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last issued its earnings results on Thursday, May 28th. The bank reported $1.74 EPS for the quarter, topping analysts’ consensus estimates of $1.63 by $0.11. Toronto Dominion Bank had a net margin of 13.20% and a return on equity of 14.83%. The business had revenue of $11.80 billion for the quarter, compared to analyst estimates of $11.04 billion. During the same period last year, the company posted $1.97 earnings per share. The company’s quarterly revenue was down 31.1% compared to the same quarter last year. On average, research analysts expect that Toronto Dominion Bank will post 6.86 EPS for the current year.

Toronto Dominion Bank Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, July 10th will be issued a dividend of $1.12 per share. This represents a $4.48 annualized dividend and a yield of 3.8%. The ex-dividend date is Friday, July 10th. This is an increase from Toronto Dominion Bank’s previous quarterly dividend of $1.08. Toronto Dominion Bank’s dividend payout ratio (DPR) is 48.52%.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Scotiabank raised shares of Toronto Dominion Bank from a “sector perform” rating to a “sector outperform” rating in a research note on Monday, May 4th. Wall Street Zen cut Toronto Dominion Bank from a “hold” rating to a “sell” rating in a research note on Saturday, May 23rd. Weiss Ratings downgraded Toronto Dominion Bank from a “buy (b+)” rating to a “buy (b)” rating in a report on Thursday, June 11th. Zacks Research lowered Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Finally, Raymond James Financial upgraded Toronto Dominion Bank from a “market perform” rating to an “outperform” rating in a report on Tuesday, May 12th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $156.00.

About Toronto Dominion Bank

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.