Sivia Capital Partners LLC Takes Position in Toronto Dominion Bank (The) $TD

Key Points

• Sivia Capital Partners LLC acquired 3,521 shares of Toronto Dominion Bank, valued at approximately $259,000, in the 2nd quarter.
• Toronto Dominion Bank's recent earnings report showed a significant earnings per share of $1.91, beating estimates, and a revenue of $10.12 billion.
• The bank has increased its quarterly dividend from $0.76 to $1.05, representing an annualized dividend of $4.20, with a yield of 5.3%.

Sivia Capital Partners LLC acquired a new stake in shares of Toronto Dominion Bank (The) (NYSE:TD - Free Report) TSE: TD in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 3,521 shares of the bank's stock, valued at approximately $259,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. grew its position in shares of Toronto Dominion Bank by 93.9% during the first quarter. Goldman Sachs Group Inc. now owns 12,216,411 shares of the bank's stock worth $732,252,000 after purchasing an additional 5,917,078 shares in the last quarter. Federation des caisses Desjardins du Quebec boosted its position in shares of Toronto Dominion Bank by 48.9% during the first quarter. Federation des caisses Desjardins du Quebec now owns 14,785,565 shares of the bank's stock worth $886,174,000 after acquiring an additional 4,853,498 shares during the last quarter. Canada Pension Plan Investment Board boosted its position in shares of Toronto Dominion Bank by 81.6% during the first quarter. Canada Pension Plan Investment Board now owns 10,524,446 shares of the bank's stock worth $630,746,000 after acquiring an additional 4,729,657 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Toronto Dominion Bank by 38.6% during the 1st quarter. JPMorgan Chase & Co. now owns 9,994,402 shares of the bank's stock valued at $599,064,000 after purchasing an additional 2,780,984 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its position in Toronto Dominion Bank by 17.7% during the first quarter. The Manufacturers Life Insurance Company now owns 13,700,503 shares of the bank's stock valued at $825,440,000 after purchasing an additional 2,057,784 shares during the last quarter. 52.37% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

TD has been the subject of a number of research analyst reports. Desjardins upgraded shares of Toronto Dominion Bank from a "hold" rating to a "buy" rating in a report on Wednesday, August 13th. Zacks Research lowered shares of Toronto Dominion Bank from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 13th. Finally, Wall Street Zen upgraded Toronto Dominion Bank from a "sell" rating to a "hold" rating in a research note on Saturday, May 24th. 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 stock has an average rating of "Hold" and an average target price of $93.00.

Toronto Dominion Bank Stock Performance

TD stock traded up $0.21 during trading on Friday, hitting $78.61. The company had a trading volume of 2,022,737 shares, compared to its average volume of 1,867,768. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.09. The firm has a market cap of $133.70 billion, a PE ratio of 9.18, a price-to-earnings-growth ratio of 1.69 and a beta of 0.81. The firm has a 50-day moving average price of $74.63 and a 200-day moving average price of $68.27. Toronto Dominion Bank has a 1-year low of $51.25 and a 1-year high of $79.49.

Toronto Dominion Bank (NYSE:TD - Get Free Report) TSE: TD last posted its quarterly earnings data on Thursday, August 28th. The bank reported $1.91 EPS for the quarter, beating analysts' consensus estimates of $1.46 by $0.45. The business had revenue of $10.12 billion for the quarter, compared to analyst estimates of $13.73 billion. Toronto Dominion Bank had a return on equity of 13.59% and a net margin of 16.40%.The business's revenue for the quarter was up 7.9% compared to the same quarter last year. During the same quarter last year, the company earned $2.05 earnings per share. On average, analysts expect that Toronto Dominion Bank will post 5.48 earnings per share for the current year.

Toronto Dominion Bank Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Friday, October 10th will be paid a $1.05 dividend. This is a boost from Toronto Dominion Bank's previous quarterly dividend of $0.76. The ex-dividend date is Friday, October 10th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 5.3%. Toronto Dominion Bank's dividend payout ratio (DPR) is currently 36.10%.

Toronto Dominion Bank Company 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.