LRT Capital Management LLC Reduces Stock Holdings in Toronto Dominion Bank (The) $TD

LRT Capital Management LLC reduced its holdings in Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 14.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,224 shares of the bank’s stock after selling 7,124 shares during the quarter. Toronto Dominion Bank accounts for 3.3% of LRT Capital Management LLC’s holdings, making the stock its 2nd biggest position. LRT Capital Management LLC’s holdings in Toronto Dominion Bank were worth $3,883,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in TD. Harvest Fund Management Co. Ltd raised its holdings in shares of Toronto Dominion Bank by 112.8% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 317 shares of the bank’s stock worth $30,000 after purchasing an additional 168 shares in the last quarter. CBIZ Investment Advisory Services LLC bought a new stake in shares of Toronto Dominion Bank in the 4th quarter worth approximately $34,000. Smartleaf Asset Management LLC raised its holdings in shares of Toronto Dominion Bank by 660.9% in the 2nd 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. Cornerstone Planning Group LLC raised its holdings in shares of Toronto Dominion Bank by 177.9% in the 4th 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. Finally, Sound Income Strategies LLC raised its holdings in shares of Toronto Dominion Bank by 80.6% in the 4th 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. 52.37% of the stock is currently owned by institutional investors.

Toronto Dominion Bank Price Performance

NYSE TD opened at $117.32 on Friday. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.09. The stock has a market capitalization of $193.87 billion, a PE ratio of 18.30, a price-to-earnings-growth ratio of 1.30 and a beta of 0.72. The company has a 50 day moving average price of $107.43 and a two-hundred day moving average price of $98.32. Toronto Dominion Bank has a 12-month low of $70.09 and a 12-month high of $117.95.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last posted its earnings results on Thursday, May 28th. The bank reported $1.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.63 by $0.11. The firm had revenue of $11.80 billion during the quarter, compared to analysts’ expectations of $11.04 billion. Toronto Dominion Bank had a net margin of 13.20% and a return on equity of 14.83%. The company’s revenue was down 31.1% compared to the same quarter last year. During the same period in the previous year, the company earned $1.97 earnings per share. As a group, equities analysts predict that Toronto Dominion Bank will post 6.92 earnings per share for the current fiscal year.

Toronto Dominion Bank Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, July 10th will be paid a $1.12 dividend. This represents a $4.48 dividend on an annualized basis and a yield of 3.8%. This is a boost from Toronto Dominion Bank’s previous quarterly dividend of $1.08. The ex-dividend date is Friday, July 10th. Toronto Dominion Bank’s dividend payout ratio is presently 48.52%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Royal Bank Of Canada lifted their target price on shares of Toronto Dominion Bank from $138.00 to $156.00 and gave the stock an “outperform” rating in a research report on Monday, June 1st. Zacks Research downgraded shares of Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Scotiabank raised shares of Toronto Dominion Bank from a “sector perform” rating to a “sector outperform” rating in a research report on Monday, May 4th. Wall Street Zen downgraded shares of Toronto Dominion Bank from a “hold” rating to a “sell” rating in a research report on Saturday, May 23rd. Finally, Raymond James Financial raised shares of Toronto Dominion Bank from a “market perform” rating to an “outperform” rating in a research report on Tuesday, May 12th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $156.00.

Toronto Dominion Bank Company 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.