Sapient Capital LLC Buys New Position in The Toronto-Dominion Bank (NYSE:TD)

Sapient Capital LLC bought a new stake in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) during the 4th quarter, HoldingsChannel reports. The firm bought 5,448 shares of the bank’s stock, valued at approximately $352,000.

Several other hedge funds have also modified their holdings of the stock. Raymond James Trust N.A. increased its holdings in Toronto-Dominion Bank by 1.7% during the 1st quarter. Raymond James Trust N.A. now owns 9,868 shares of the bank’s stock worth $784,000 after purchasing an additional 161 shares during the last quarter. Western Wealth Management LLC increased its holdings in Toronto-Dominion Bank by 2.2% during the 2nd quarter. Western Wealth Management LLC now owns 7,436 shares of the bank’s stock worth $461,000 after purchasing an additional 162 shares during the last quarter. Daymark Wealth Partners LLC increased its holdings in Toronto-Dominion Bank by 4.1% during the 3rd quarter. Daymark Wealth Partners LLC now owns 4,314 shares of the bank’s stock worth $260,000 after purchasing an additional 170 shares during the last quarter. Private Trust Co. NA grew its position in shares of Toronto-Dominion Bank by 10.6% in the 4th quarter. Private Trust Co. NA now owns 1,808 shares of the bank’s stock worth $117,000 after acquiring an additional 174 shares in the last quarter. Finally, Stratos Wealth Partners LTD. grew its position in shares of Toronto-Dominion Bank by 0.9% in the 4th quarter. Stratos Wealth Partners LTD. now owns 20,126 shares of the bank’s stock worth $1,301,000 after acquiring an additional 174 shares in the last quarter. 52.37% of the stock is currently owned by hedge funds and other institutional investors.

Toronto-Dominion Bank Trading Down 1.6 %

NYSE:TD opened at $56.83 on Monday. The Toronto-Dominion Bank has a 1 year low of $54.69 and a 1 year high of $66.15. The stock has a market cap of $100.20 billion, a price-to-earnings ratio of 12.14, a PEG ratio of 1.75 and a beta of 0.86. The business has a fifty day moving average of $59.60 and a 200-day moving average of $60.15. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.99 and a current ratio of 0.99.

Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last released its quarterly earnings results on Thursday, February 29th. The bank reported $1.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.42 by $0.05. Toronto-Dominion Bank had a return on equity of 14.15% and a net margin of 11.16%. The company had revenue of $10.07 billion during the quarter, compared to analysts’ expectations of $9.35 billion. Equities analysts predict that The Toronto-Dominion Bank will post 5.85 earnings per share for the current year.

Toronto-Dominion Bank Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 9th will be issued a $0.7519 dividend. This is a positive change from Toronto-Dominion Bank’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend is Monday, April 8th. This represents a $3.01 annualized dividend and a dividend yield of 5.29%. Toronto-Dominion Bank’s dividend payout ratio is 30.56%.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Bank of America lowered Toronto-Dominion Bank from a “buy” rating to a “neutral” rating in a research report on Monday, December 18th. Scotiabank lowered Toronto-Dominion Bank from a “sector outperform” rating to a “sector perform” rating in a research report on Wednesday, December 20th. Barclays assumed coverage on Toronto-Dominion Bank in a research report on Wednesday, March 20th. They issued an “equal weight” rating for the company. Finally, Jefferies Financial Group assumed coverage on Toronto-Dominion Bank in a research report on Thursday, February 22nd. They issued a “hold” rating for the company. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $89.33.

Toronto-Dominion Bank Company Profile

The Toronto-Dominion Bank, together with its subsidiaries, provides various financial products and services in Canada, the United States, and internationally. It operates through four segments: Canadian Personal and Commercial Banking, U.S. Retail, Wealth Management and Insurance, and Wholesale Banking.