Syon Capital LLC Acquires 6,703 Shares of The Toronto-Dominion Bank (NYSE:TD)

Syon Capital LLC raised its holdings in The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 109.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,840 shares of the bank’s stock after acquiring an additional 6,703 shares during the period. Syon Capital LLC’s holdings in Toronto-Dominion Bank were worth $830,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Vanguard Group Inc. lifted its position in Toronto-Dominion Bank by 1.8% during the third quarter. Vanguard Group Inc. now owns 72,384,265 shares of the bank’s stock valued at $4,361,876,000 after purchasing an additional 1,303,730 shares during the last quarter. TD Asset Management Inc lifted its holdings in shares of Toronto-Dominion Bank by 28.9% during the 4th quarter. TD Asset Management Inc now owns 46,469,553 shares of the bank’s stock worth $3,017,384,000 after acquiring an additional 10,415,591 shares during the last quarter. Canoe Financial LP grew its position in Toronto-Dominion Bank by 2,035.4% in the fourth quarter. Canoe Financial LP now owns 42,808,439 shares of the bank’s stock worth $2,766,281,000 after acquiring an additional 40,803,711 shares in the last quarter. Bank of Nova Scotia raised its holdings in shares of Toronto-Dominion Bank by 0.3% during the 4th quarter. Bank of Nova Scotia now owns 33,335,463 shares of the bank’s stock valued at $2,154,141,000 after buying an additional 105,772 shares in the last quarter. Finally, 1832 Asset Management L.P. raised its stake in shares of Toronto-Dominion Bank by 0.6% during the fourth quarter. 1832 Asset Management L.P. now owns 24,569,253 shares of the bank’s stock worth $1,587,665,000 after acquiring an additional 149,407 shares in the last quarter. Institutional investors own 52.37% of the company’s stock.

Toronto-Dominion Bank Stock Down 0.1 %

Toronto-Dominion Bank stock traded down $0.06 during trading hours on Friday, hitting $54.24. 2,070,427 shares of the stock traded hands, compared to its average volume of 2,259,621. The Toronto-Dominion Bank has a one year low of $53.52 and a one year high of $66.15. The firm’s 50-day moving average price is $56.69 and its two-hundred day moving average price is $59.38. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.11. The company has a market cap of $95.44 billion, a PE ratio of 12.33, a PEG ratio of 1.49 and a beta of 0.83.

Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last issued its quarterly earnings results on Thursday, May 23rd. The bank reported $1.50 earnings per share for the quarter, topping the consensus estimate of $1.35 by $0.15. The company had revenue of $10.18 billion for the quarter, compared to analysts’ expectations of $9.90 billion. Toronto-Dominion Bank had a return on equity of 14.38% and a net margin of 9.96%. On average, research analysts forecast that The Toronto-Dominion Bank will post 5.86 EPS for the current year.

Toronto-Dominion Bank Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Wednesday, July 10th will be given a dividend of $0.74 per share. The ex-dividend date is Wednesday, July 10th. This represents a $2.96 dividend on an annualized basis and a yield of 5.46%. Toronto-Dominion Bank’s dividend payout ratio (DPR) is currently 68.64%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on TD. Scotiabank upgraded Toronto-Dominion Bank from a “sector perform” rating to a “sector outperform” rating in a report on Wednesday, April 17th. Barclays initiated coverage on shares of Toronto-Dominion Bank in a report on Wednesday, March 20th. They issued an “equal weight” rating on the stock. BMO Capital Markets lowered their price target on shares of Toronto-Dominion Bank from $86.00 to $84.00 and set a “market perform” rating for the company in a report on Friday, May 24th. Cibc World Mkts raised shares of Toronto-Dominion Bank from a “hold” rating to a “strong-buy” rating in a report on Friday, May 24th. Finally, Jefferies Financial Group assumed coverage on shares of Toronto-Dominion Bank in a research note on Thursday, February 22nd. They set a “hold” rating for the company. One analyst has rated the stock with a sell rating, six have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $88.00.

Toronto-Dominion Bank 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.