Sivia Capital Partners LLC Increases Stock Position in Toronto Dominion Bank (The) $TD

Sivia Capital Partners LLC grew its position in Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 170.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,739 shares of the bank’s stock after purchasing an additional 6,136 shares during the period. Sivia Capital Partners LLC’s holdings in Toronto Dominion Bank were worth $917,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. CBIZ Investment Advisory Services LLC purchased a new stake in shares of Toronto Dominion Bank in the fourth quarter valued at about $34,000. Cornerstone Planning Group LLC raised its holdings in shares of Toronto Dominion Bank by 177.9% in the fourth quarter. Cornerstone Planning Group LLC now owns 428 shares of the bank’s stock valued at $40,000 after purchasing an additional 274 shares during the last quarter. Sound Income Strategies LLC raised its holdings in shares of Toronto Dominion Bank by 80.6% in the fourth quarter. Sound Income Strategies LLC now owns 466 shares of the bank’s stock valued at $44,000 after purchasing an additional 208 shares during the last quarter. Smartleaf Asset Management LLC raised its holdings in shares of Toronto Dominion Bank by 660.9% in the second quarter. Smartleaf Asset Management LLC now owns 525 shares of the bank’s stock valued at $38,000 after purchasing an additional 456 shares during the last quarter. Finally, Entrust Financial LLC purchased a new stake in shares of Toronto Dominion Bank in the fourth quarter valued at about $55,000. Hedge funds and other institutional investors own 52.37% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on TD shares. Raymond James Financial upgraded shares of Toronto Dominion Bank from a “market perform” rating to an “outperform” rating in a report on Tuesday, May 12th. Scotiabank upgraded shares of Toronto Dominion Bank from a “sector perform” rating to a “sector outperform” rating in a report on Monday, May 4th. Canadian Imperial Bank of Commerce downgraded shares of Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 12th. Royal Bank Of Canada raised their price objective on shares of Toronto Dominion Bank from $138.00 to $156.00 and gave the stock an “outperform” rating in a report on Monday. Finally, Weiss Ratings downgraded shares of Toronto Dominion Bank from a “buy (a-)” rating to a “buy (b+)” rating in a report on Friday, May 29th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, Toronto Dominion Bank currently has a consensus rating of “Moderate Buy” and a consensus target price of $156.00.

Toronto Dominion Bank Stock Performance

NYSE TD opened at $113.73 on Friday. Toronto Dominion Bank has a 52-week low of $69.56 and a 52-week high of $114.56. The company has a 50-day simple moving average of $104.79 and a 200 day simple moving average of $97.02. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.04 and a current ratio of 1.04. The company has a market capitalization of $187.94 billion, a PE ratio of 17.74, a price-to-earnings-growth ratio of 1.24 and a beta of 0.72.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last posted its quarterly earnings data on Thursday, May 28th. The bank reported $1.74 earnings per share (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 during the quarter, compared to the consensus estimate of $11.04 billion. During the same quarter last year, the company posted $1.97 earnings per share. The firm’s quarterly revenue was down 31.1% compared to the same quarter last year. On average, research analysts predict that Toronto Dominion Bank will post 6.92 EPS for the current year.

Toronto Dominion Bank Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, July 10th will be paid a $1.12 dividend. The ex-dividend date is Friday, July 10th. This is a positive change from Toronto Dominion Bank’s previous quarterly dividend of $1.08. This represents a $4.48 annualized dividend and a dividend yield of 3.9%. Toronto Dominion Bank’s dividend payout ratio is 48.52%.

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.