GMT Capital Corp Invests $237,000 in Toronto Dominion Bank (The) $TD

Key Points

• GMT Capital Corp has invested approximately $237,000 in shares of Toronto Dominion Bank, acquiring 3,960 shares in the process.
• The bank announced a quarterly dividend of $1.05 per share, up from the previous $0.76, representing a 5.6% dividend yield.
• Toronto Dominion Bank reported $1.91 earnings per share, exceeding analysts' estimates, while revenue for the quarter was $10.12 billion compared to expectations of $13.73 billion.

GMT Capital Corp bought a new stake in shares of Toronto Dominion Bank (The) (NYSE:TD - Free Report) TSE: TD during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 3,960 shares of the bank's stock, valued at approximately $237,000.

Other institutional investors also recently modified their holdings of the company. Larson Financial Group LLC increased its stake in Toronto Dominion Bank by 122.9% during the 1st quarter. Larson Financial Group LLC now owns 428 shares of the bank's stock valued at $26,000 after purchasing an additional 236 shares in the last quarter. Financial Management Professionals Inc. increased its stake in Toronto Dominion Bank by 322.4% during the 1st quarter. Financial Management Professionals Inc. now owns 490 shares of the bank's stock valued at $29,000 after purchasing an additional 374 shares in the last quarter. Moisand Fitzgerald Tamayo LLC bought a new stake in Toronto Dominion Bank during the 1st quarter valued at $32,000. CoreCap Advisors LLC increased its stake in Toronto Dominion Bank by 57.5% during the 4th quarter. CoreCap Advisors LLC now owns 630 shares of the bank's stock valued at $34,000 after purchasing an additional 230 shares in the last quarter. Finally, ORG Partners LLC bought a new stake in Toronto Dominion Bank during the 1st quarter valued at $34,000. Institutional investors and hedge funds own 52.37% of the company's stock.

Toronto Dominion Bank Price Performance

NYSE TD opened at $75.05 on Friday. The company has a market cap of $128.73 billion, a PE ratio of 8.77, a price-to-earnings-growth ratio of 1.59 and a beta of 0.84. Toronto Dominion Bank has a 52 week low of $51.25 and a 52 week high of $78.95. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.09. The firm's 50-day simple moving average is $73.79 and its two-hundred day simple moving average is $66.50.

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 (EPS) for the quarter, topping analysts' consensus estimates of $1.46 by $0.45. The firm had revenue of $10.12 billion for the quarter, compared to the consensus estimate of $13.73 billion. Toronto Dominion Bank had a net margin of 16.40% and a return on equity of 13.84%. The company's revenue for the quarter was up 7.9% on a year-over-year basis. During the same period in the prior year, the firm posted $2.05 earnings per share. Research 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 announced a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Friday, October 10th will be issued a $1.05 dividend. This is a positive change from Toronto Dominion Bank's previous quarterly dividend of $0.76. This represents a $4.20 annualized dividend and a dividend yield of 5.6%. The ex-dividend date is Friday, October 10th. Toronto Dominion Bank's dividend payout ratio (DPR) is 45.31%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Desjardins upgraded shares of Toronto Dominion Bank from a "hold" rating to a "buy" rating in a research note on Wednesday, August 13th. Wall Street Zen upgraded shares of Toronto Dominion Bank from a "sell" rating to a "hold" rating in a research note on Saturday, May 24th. Royal Bank Of Canada upped their target price 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. Scotiabank assumed coverage on shares of Toronto Dominion Bank in a report on Thursday, May 15th. They issued a "sector perform" rating on the stock. Finally, Zacks Research downgraded shares of Toronto Dominion Bank from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 13th. Three equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price 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.

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