Caprock Group LLC Invests $851,000 in Toronto Dominion Bank (The) $TD

Caprock Group LLC purchased a new stake in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 11,327 shares of the bank’s stock, valued at approximately $851,000.

Several other hedge funds have also recently bought and sold shares of the business. True Wealth Design LLC purchased a new position in Toronto Dominion Bank during the 3rd quarter valued at about $27,000. Mather Group LLC. purchased a new position in Toronto Dominion Bank during the third quarter valued at approximately $30,000. Sachetta LLC acquired a new position in Toronto Dominion Bank in the 3rd quarter valued at approximately $33,000. Quaker Wealth Management LLC lifted its position in Toronto Dominion Bank by 200.0% in the 2nd quarter. Quaker Wealth Management LLC now owns 428 shares of the bank’s stock worth $31,000 after buying an additional 856 shares in the last quarter. Finally, Elevation Point Wealth Partners LLC acquired a new stake in shares of Toronto Dominion Bank during the 2nd quarter valued at $32,000. 52.37% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Toronto Dominion Bank in a research note on Wednesday, January 21st. Wall Street Zen raised Toronto Dominion Bank from a “sell” rating to a “hold” rating in a research report on Saturday. National Bank Financial raised Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a research note on Thursday, December 18th. Raymond James Financial raised Toronto Dominion Bank to a “hold” rating in a research note on Monday, November 24th. Finally, Jefferies Financial Group lowered shares of Toronto Dominion Bank from a “buy” rating to a “hold” rating in a research report on Tuesday, November 25th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $93.00.

Toronto Dominion Bank Stock Down 0.3%

Toronto Dominion Bank stock opened at $95.33 on Monday. The firm has a market cap of $159.32 billion, a price-to-earnings ratio of 11.31, a P/E/G ratio of 1.31 and a beta of 0.67. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.03 and a quick ratio of 1.03. Toronto Dominion Bank has a fifty-two week low of $54.87 and a fifty-two week high of $99.04. The firm has a fifty day moving average price of $94.06 and a two-hundred day moving average price of $84.08.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last issued its quarterly earnings results on Thursday, December 4th. The bank reported $1.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.46 by $0.10. Toronto Dominion Bank had a return on equity of 13.90% and a net margin of 16.52%.The company had revenue of $11.44 billion for the quarter, compared to the consensus estimate of $10.10 billion. During the same period last year, the business posted $1.72 earnings per share. The firm’s revenue was down .1% compared to the same quarter last year. As a group, analysts forecast that Toronto Dominion Bank will post 5.48 earnings per share for the current year.

Toronto Dominion Bank Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Saturday, January 31st. Shareholders of record on Friday, January 9th were issued a $1.08 dividend. This is a positive change from Toronto Dominion Bank’s previous quarterly dividend of $1.05. The ex-dividend date of this dividend was Friday, January 9th. This represents a $4.32 annualized dividend and a yield of 4.5%. Toronto Dominion Bank’s payout ratio is currently 37.37%.

About Toronto Dominion Bank

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.