DJE Kapital AG Decreases Stake in Toronto Dominion Bank (The) $TD

DJE Kapital AG reduced its position in Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 44.3% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 20,500 shares of the bank’s stock after selling 16,300 shares during the period. DJE Kapital AG’s holdings in Toronto Dominion Bank were worth $1,893,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Bayban bought a new position in Toronto Dominion Bank during the fourth quarter worth about $28,000. Harvest Fund Management Co. Ltd raised its position in shares of Toronto Dominion Bank by 112.8% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 317 shares of the bank’s stock valued at $30,000 after purchasing an additional 168 shares during the period. CBIZ Investment Advisory Services LLC purchased a new stake in shares of Toronto Dominion Bank during the 4th quarter valued at approximately $34,000. Brown Lisle Cummings Inc. lifted its stake in shares of Toronto Dominion Bank by 88.4% during the 1st quarter. Brown Lisle Cummings Inc. now owns 407 shares of the bank’s stock valued at $38,000 after buying an additional 191 shares in the last quarter. Finally, Cornerstone Planning Group LLC boosted its holdings in 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 buying an additional 274 shares during the period. 52.37% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

TD has been the topic of a number of analyst reports. Wall Street Zen cut shares of Toronto Dominion Bank from a “hold” rating to a “sell” rating in a report on Saturday, May 23rd. Weiss Ratings lowered Toronto Dominion Bank from a “buy (b+)” rating to a “buy (b)” rating in a report on Thursday, June 11th. Scotiabank upgraded Toronto Dominion Bank from a “sector perform” rating to a “sector outperform” rating in a research note on Monday, May 4th. Zacks Research cut Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Finally, Royal Bank Of Canada raised their target price on Toronto Dominion Bank from $138.00 to $156.00 and gave the stock an “outperform” rating in a research note on Monday, June 1st. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, Toronto Dominion Bank currently has an average rating of “Moderate Buy” and an average price target of $156.00.

Toronto Dominion Bank Stock Performance

Toronto Dominion Bank stock opened at $120.36 on Tuesday. Toronto Dominion Bank has a 1-year low of $72.21 and a 1-year high of $124.87. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.09. The firm has a market capitalization of $198.46 billion, a PE ratio of 18.78, a price-to-earnings-growth ratio of 1.38 and a beta of 0.71. The firm’s 50 day simple moving average is $116.27 and its 200 day simple moving average is $104.05.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last released its quarterly earnings results on Thursday, May 28th. The bank reported $1.74 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $11.80 billion for the quarter, compared to analysts’ expectations of $11.04 billion. During the same quarter in the prior year, the firm posted $1.97 earnings per share. The business’s quarterly revenue was down 31.1% on a year-over-year basis. As a group, analysts expect that Toronto Dominion Bank will post 6.86 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. Investors of record on Friday, July 10th will be given a dividend of $1.12 per share. 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 yield of 3.7%. Toronto Dominion Bank’s dividend payout ratio (DPR) is presently 49.14%.

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.