Ninepoint Partners LP Makes New Investment in Toronto Dominion Bank (The) $TD

Ninepoint Partners LP purchased a new stake in Toronto Dominion Bank (The) (NYSE:TDFree Report) (TSE:TD) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 28,192 shares of the bank’s stock, valued at approximately $2,254,000.

Other institutional investors have also recently made changes to their positions in the company. True Wealth Design LLC acquired a new position in Toronto Dominion Bank in the third quarter valued at approximately $27,000. Mather Group LLC. acquired a new position in shares of Toronto Dominion Bank in the 3rd quarter valued at $30,000. Elevation Point Wealth Partners LLC purchased a new position in shares of Toronto Dominion Bank during the 2nd quarter worth $32,000. Sachetta LLC purchased a new stake in Toronto Dominion Bank in the 3rd quarter valued at about $33,000. Finally, Tobam lifted its position in Toronto Dominion Bank by 44.5% in the second quarter. Tobam now owns 490 shares of the bank’s stock valued at $36,000 after buying an additional 151 shares during the last quarter. Hedge funds and other institutional investors own 52.37% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on TD. Weiss Ratings reissued a “buy (b)” rating on shares of Toronto Dominion Bank in a research note on Wednesday, January 21st. Jefferies Financial Group lowered Toronto Dominion Bank from a “buy” rating to a “hold” rating in a research report on Tuesday, November 25th. National Bank Financial upgraded Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a research note on Thursday, December 18th. Raymond James Financial upgraded Toronto Dominion Bank to a “hold” rating in a research report on Monday, November 24th. Finally, Canadian Imperial Bank of Commerce downgraded Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 12th. Two research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, Toronto Dominion Bank currently has an average rating of “Moderate Buy” and a consensus target price of $93.00.

Check Out Our Latest Stock Report on TD

Toronto Dominion Bank Stock Performance

NYSE:TD opened at $97.31 on Friday. Toronto Dominion Bank has a 52 week low of $54.87 and a 52 week high of $99.84. The company has a fifty day simple moving average of $95.09 and a two-hundred day simple moving average of $85.55. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.09. The company has a market cap of $162.63 billion, a price-to-earnings ratio of 10.75, a price-to-earnings-growth ratio of 1.32 and a beta of 0.67.

Toronto Dominion Bank (NYSE:TDGet Free Report) (TSE:TD) last released its earnings results 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 return on equity of 14.28% and a net margin of 17.52%.The firm had revenue of $11.01 billion during the quarter, compared to analyst estimates of $10.43 billion. During the same period last year, the business posted $2.02 earnings per share. Toronto Dominion Bank’s revenue was up 18.1% compared to the same quarter last year. As a group, equities analysts anticipate 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 announced 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. This represents a $4.32 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date is Thursday, April 9th. Toronto Dominion Bank’s dividend payout ratio is presently 34.70%.

More Toronto Dominion Bank News

Here are the key news stories impacting Toronto Dominion Bank this week:

Toronto Dominion Bank Profile

(Free Report)

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.

Recommended Stories

Institutional Ownership by Quarter for Toronto Dominion Bank (NYSE:TD)

Receive News & Ratings for Toronto Dominion Bank Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Toronto Dominion Bank and related companies with MarketBeat.com's FREE daily email newsletter.