Themes Management Co LLC Makes New Investment in Toronto Dominion Bank (The) $TD

Themes Management Co LLC acquired a new position in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,098 shares of the bank’s stock, valued at approximately $951,000.

Other large investors have also recently added to or reduced their stakes in the company. CBIZ Investment Advisory Services LLC bought a new stake in Toronto Dominion Bank during the fourth quarter worth about $34,000. Cornerstone Planning Group LLC lifted its position in shares of Toronto Dominion Bank by 177.9% during the fourth quarter. Cornerstone Planning Group LLC now owns 428 shares of the bank’s stock worth $40,000 after purchasing an additional 274 shares in the last quarter. Sound Income Strategies LLC lifted its position in shares of Toronto Dominion Bank by 80.6% during the fourth quarter. Sound Income Strategies LLC now owns 466 shares of the bank’s stock worth $44,000 after purchasing an additional 208 shares in the last quarter. Smartleaf Asset Management LLC lifted its position in shares of Toronto Dominion Bank by 660.9% during the second quarter. Smartleaf Asset Management LLC now owns 525 shares of the bank’s stock worth $38,000 after purchasing an additional 456 shares in the last quarter. Finally, Entrust Financial LLC acquired a new position in shares of Toronto Dominion Bank during the fourth quarter worth approximately $55,000. 52.37% of the stock is owned by institutional investors.

Toronto Dominion Bank Trading Up 0.0%

Shares of NYSE TD opened at $111.92 on Tuesday. The company’s 50 day simple moving average is $101.78 and its 200 day simple moving average is $95.25. Toronto Dominion Bank has a fifty-two week low of $66.53 and a fifty-two week high of $112.32. The firm has a market capitalization of $185.37 billion, a P/E ratio of 12.37, a P/E/G ratio of 1.25 and a beta of 0.71. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.05 and a quick ratio of 1.05.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last announced its quarterly earnings data on Thursday, February 26th. The bank reported $1.76 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $11.01 billion for the quarter, compared to analyst estimates of $10.43 billion. During the same period in the prior 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. On average, analysts predict that Toronto Dominion Bank will post 6.89 EPS for the current year.

Toronto Dominion Bank Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 30th. Investors of record on Thursday, April 9th were issued a $1.08 dividend. This represents a $4.32 annualized dividend and a yield of 3.9%. The ex-dividend date was Thursday, April 9th. Toronto Dominion Bank’s dividend payout ratio is currently 34.36%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on TD. Scotiabank upgraded shares of Toronto Dominion Bank from a “sector perform” rating to a “sector outperform” rating in a research report on Monday, May 4th. Raymond James Financial upgraded shares of Toronto Dominion Bank from a “market perform” rating to an “outperform” rating in a research report on Tuesday, May 12th. Canadian Imperial Bank of Commerce lowered shares of Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 12th. Wall Street Zen lowered shares of Toronto Dominion Bank from a “hold” rating to a “sell” rating in a research report on Saturday. Finally, Zacks Research lowered shares of Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Two equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, Toronto Dominion Bank has a consensus rating of “Moderate Buy”.

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.