Sustainable Insight Capital Management LLC Takes Position in Toronto Dominion Bank (The) (NYSE:TD)

Key Points

• Sustainable Insight Capital Management LLC has acquired a new position in Toronto Dominion Bank, purchasing 39,000 shares valued at approximately $2.3 million, which makes up 1.2% of their investment portfolio.
• Toronto Dominion Bank recently increased its quarterly dividend to $0.7568, representing a yield of 4.1%, and had a payout ratio of 45.31%.
• The bank reported earnings per share of $1.39 for the latest quarter, exceeding analyst expectations, with a projected annual earnings of 5.48 per share for the current year.

Sustainable Insight Capital Management LLC acquired a new position in Toronto Dominion Bank (The) (NYSE:TD - Free Report) TSE: TD during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 39,000 shares of the bank's stock, valued at approximately $2,337,000. Toronto Dominion Bank comprises 1.2% of Sustainable Insight Capital Management LLC's investment portfolio, making the stock its 27th largest holding.

Other institutional investors also recently modified their holdings of the company. Larson Financial Group LLC boosted its stake in Toronto Dominion Bank by 122.9% in 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 in the last quarter. Financial Management Professionals Inc. boosted its stake in Toronto Dominion Bank by 322.4% in the first quarter. Financial Management Professionals Inc. now owns 490 shares of the bank's stock worth $29,000 after buying an additional 374 shares in the last quarter. Moisand Fitzgerald Tamayo LLC purchased a new stake in Toronto Dominion Bank in the first quarter worth approximately $32,000. ORG Partners LLC purchased a new stake in Toronto Dominion Bank in the first quarter worth approximately $34,000. Finally, CoreCap Advisors LLC boosted its stake in Toronto Dominion Bank by 57.5% in the fourth quarter. CoreCap Advisors LLC now owns 630 shares of the bank's stock worth $34,000 after buying an additional 230 shares in the last quarter. 52.37% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

TD has been the subject of several research reports. Royal Bank Of Canada upped their target price on 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. Wall Street Zen raised Toronto Dominion Bank from a "sell" rating to a "hold" rating in a research note on Saturday, May 24th. Finally, Scotiabank assumed coverage on Toronto Dominion Bank in a research note on Thursday, May 15th. They set a "sector perform" rating for the company. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, Toronto Dominion Bank presently has a consensus rating of "Hold" and an average target price of $93.00.

Toronto Dominion Bank Stock Performance

NYSE:TD opened at $73.08 on Tuesday. The firm has a market cap of $125.35 billion, a PE ratio of 10.72, a price-to-earnings-growth ratio of 1.66 and a beta of 0.84. Toronto Dominion Bank has a fifty-two week low of $51.25 and a fifty-two week high of $75.58. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.03 and a current ratio of 1.03. The business has a 50 day moving average price of $72.78 and a 200-day moving average price of $65.03.

Toronto Dominion Bank (NYSE:TD - Get Free Report) TSE: TD last released its quarterly earnings data on Thursday, May 22nd. The bank reported $1.39 earnings per share for the quarter, beating analysts' consensus estimates of $1.25 by $0.14. The firm had revenue of $10.97 billion during the quarter, compared to analyst estimates of $13.36 billion. Toronto Dominion Bank had a return on equity of 13.11% and a net margin of 13.53%. During the same quarter in the prior year, the firm posted $2.04 earnings per share. Equities research analysts predict that Toronto Dominion Bank will post 5.48 earnings per share for the current year.

Toronto Dominion Bank Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Thursday, July 10th were paid a $0.7568 dividend. The ex-dividend date of this dividend was Thursday, July 10th. This is a positive change from Toronto Dominion Bank's previous quarterly dividend of $0.73. This represents a $3.03 dividend on an annualized basis and a yield of 4.1%. Toronto Dominion Bank's payout ratio is 45.31%.

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.

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