XTX Topco Ltd Makes New Investment in Toronto Dominion Bank (The) $TD

XTX Topco Ltd acquired a new stake in Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) in the second quarter, HoldingsChannel reports. The institutional investor acquired 106,991 shares of the bank’s stock, valued at approximately $7,858,000. Toronto Dominion Bank makes up about 0.3% of XTX Topco Ltd’s investment portfolio, making the stock its 29th largest position.

A number of other hedge funds and other institutional investors have also modified their holdings of TD. Quaker Wealth Management LLC lifted its stake in shares of Toronto Dominion Bank by 200.0% in the second quarter. Quaker Wealth Management LLC now owns 428 shares of the bank’s stock worth $31,000 after acquiring an additional 856 shares in the last quarter. Richardson Financial Services Inc. acquired a new position in shares of Toronto Dominion Bank in the 2nd quarter valued at approximately $34,000. Tobam boosted its stake in shares of Toronto Dominion Bank by 44.5% during the 2nd quarter. Tobam now owns 490 shares of the bank’s stock valued at $36,000 after buying an additional 151 shares during the last quarter. VSM Wealth Advisory LLC acquired a new stake in shares of Toronto Dominion Bank during the second quarter worth approximately $39,000. Finally, Brentview Investment Management LLC bought a new stake in shares of Toronto Dominion Bank in the first quarter worth $40,000. 52.37% of the stock is owned by hedge funds and other institutional investors.

Toronto Dominion Bank Trading Up 0.8%

NYSE:TD opened at $82.74 on Tuesday. The stock has a market cap of $139.78 billion, a price-to-earnings ratio of 9.67, a PEG ratio of 1.68 and a beta of 0.79. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.02 and a current ratio of 1.02. Toronto Dominion Bank has a 1 year low of $51.25 and a 1 year high of $82.93. The business has a fifty day moving average of $80.46 and a 200-day moving average of $75.03.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last announced its earnings results on Thursday, August 28th. The bank reported $1.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.46 by $0.45. Toronto Dominion Bank had a net margin of 16.40% and a return on equity of 13.59%. The firm had revenue of $10.12 billion during the quarter, compared to analyst estimates of $13.73 billion. During the same quarter in the prior year, the firm posted $2.05 EPS. Toronto Dominion Bank’s revenue was up 7.9% compared to the same quarter last year. Equities analysts predict 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 Friday, October 31st. Shareholders of record on Friday, October 10th were paid a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a yield of 5.1%. The ex-dividend date of this dividend was Friday, October 10th. This is an increase from Toronto Dominion Bank’s previous quarterly dividend of $0.76. Toronto Dominion Bank’s dividend payout ratio is 35.16%.

Analyst Ratings Changes

A number of research analysts have commented on TD shares. Royal Bank Of Canada upgraded shares of Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a research note on Friday, October 3rd. Wall Street Zen raised shares of Toronto Dominion Bank from a “sell” rating to a “hold” rating in a research report on Saturday, November 15th. Weiss Ratings reissued a “buy (b)” rating on shares of Toronto Dominion Bank in a report on Wednesday, October 8th. Desjardins upgraded Toronto Dominion Bank from a “hold” rating to a “buy” rating in a research report on Wednesday, August 13th. Finally, Zacks Research lowered Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 13th. Five analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Toronto Dominion Bank currently has a consensus rating of “Moderate Buy” and an average price target of $93.00.

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.