Alyeska Investment Group L.P. Makes New $28.46 Million Investment in Toronto Dominion Bank (The) $TD

Key Points

• Alyeska Investment Group L.P. acquired a new position in Toronto Dominion Bank, purchasing 474,812 shares valued at approximately $28.46 million during the first quarter.
• The company reported $1.91 EPS for the recent quarter, surpassing the consensus estimate of $1.46, while revealing a net margin of 16.40% and a return on equity of 13.59%.
• Toronto Dominion Bank declared a quarterly dividend of $1.05, indicating an increase from its previous dividend of $0.76, resulting in an annualized yield of 5.6%.

Alyeska Investment Group L.P. purchased a new stake in Toronto Dominion Bank (The) (NYSE:TD - Free Report) TSE: TD in the first quarter, according to the company in its most recent filing with the SEC. The firm purchased 474,812 shares of the bank's stock, valued at approximately $28,460,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Larson Financial Group LLC grew its position in Toronto Dominion Bank by 122.9% during the first quarter. Larson Financial Group LLC now owns 428 shares of the bank's stock worth $26,000 after buying an additional 236 shares during the period. Financial Management Professionals Inc. boosted its stake in shares of Toronto Dominion Bank by 322.4% during the 1st quarter. Financial Management Professionals Inc. now owns 490 shares of the bank's stock worth $29,000 after acquiring an additional 374 shares in the last quarter. Moisand Fitzgerald Tamayo LLC acquired a new stake in shares of Toronto Dominion Bank in the 1st quarter worth approximately $32,000. ORG Partners LLC purchased a new position in Toronto Dominion Bank in the 1st quarter valued at approximately $34,000. Finally, CoreCap Advisors LLC raised its holdings in Toronto Dominion Bank by 57.5% during the fourth quarter. CoreCap Advisors LLC now owns 630 shares of the bank's stock worth $34,000 after purchasing an additional 230 shares during the last quarter. Hedge funds and other institutional investors own 52.37% of the company's stock.

Toronto Dominion Bank Trading Up 0.8%

Shares of TD traded up $0.63 on Tuesday, hitting $75.35. 1,339,243 shares of the stock traded hands, compared to its average volume of 2,115,430. The firm has a market capitalization of $128.71 billion, a P/E ratio of 8.80, a P/E/G ratio of 1.61 and a beta of 0.81. The stock's 50 day moving average is $74.07 and its two-hundred day moving average is $67.21. Toronto Dominion Bank has a 1 year low of $51.25 and a 1 year high of $78.95. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.09.

Toronto Dominion Bank (NYSE:TD - Get Free Report) TSE: TD last announced its quarterly earnings results on Thursday, August 28th. The bank reported $1.91 earnings per share 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 company had revenue of $10.12 billion for the quarter, compared to analyst estimates of $13.73 billion. During the same quarter last year, the business earned $2.05 EPS. Toronto Dominion Bank's revenue for the quarter was up 7.9% on a year-over-year basis. As a group, sell-side 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 disclosed a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Friday, October 10th will be given a $1.05 dividend. This represents a $4.20 annualized dividend and a yield of 5.6%. This is a positive change from Toronto Dominion Bank's previous quarterly dividend of $0.76. The ex-dividend date of this dividend is Friday, October 10th. Toronto Dominion Bank's dividend payout ratio is 36.10%.

Wall Street Analyst Weigh In

Several analysts have weighed in on TD shares. Scotiabank started coverage on Toronto Dominion Bank in a report on Thursday, May 15th. They issued a "sector perform" rating on the stock. Zacks Research cut shares of Toronto Dominion Bank from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 13th. Desjardins upgraded shares of Toronto Dominion Bank from a "hold" rating to a "buy" rating in a report on Wednesday, August 13th. Wall Street Zen raised shares of Toronto Dominion Bank from a "sell" rating to a "hold" rating in a report on Saturday, May 24th. Finally, Royal Bank Of Canada raised their price objective on shares of Toronto Dominion Bank from $87.00 to $93.00 and gave the stock a "sector perform" rating in a research note on Friday, May 23rd. Three research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" 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.