Toronto Dominion Bank (The) $TD Shares Acquired by Prime Capital Investment Advisors LLC

Key Points

• Prime Capital Investment Advisors boosted its stake in Toronto Dominion Bank by 433.7% in Q4, acquiring an additional 13,179 shares for a total holding of 16,218 shares worth about $1.53 million.
• Toronto Dominion beat expectations for the quarter with $1.76 EPS vs. $1.63 estimated and revenue of $11.01 billion (vs. $10.43B), with revenue up 18.1% year-over-year and a net margin of 17.52%.
• The bank declared a quarterly dividend of $1.08 (ex-dividend date April 9), equal to an annualized $4.32 and a yield of roughly 4.3%.

Prime Capital Investment Advisors LLC lifted its holdings in shares of Toronto Dominion Bank (The) (NYSE:TD - Free Report) TSE: TD by 433.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 16,218 shares of the bank's stock after buying an additional 13,179 shares during the period. Prime Capital Investment Advisors LLC's holdings in Toronto Dominion Bank were worth $1,528,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Main Line Retirement Advisors LLC boosted its stake in shares of Toronto Dominion Bank by 0.9% during the fourth quarter. Main Line Retirement Advisors LLC now owns 12,152 shares of the bank's stock worth $1,145,000 after buying an additional 109 shares during the period. Rosenberg Matthew Hamilton boosted its stake in shares of Toronto Dominion Bank by 8.6% during the fourth quarter. Rosenberg Matthew Hamilton now owns 1,489 shares of the bank's stock worth $140,000 after buying an additional 118 shares during the period. Commons Capital LLC boosted its stake in shares of Toronto Dominion Bank by 0.7% during the third quarter. Commons Capital LLC now owns 18,251 shares of the bank's stock worth $1,459,000 after buying an additional 134 shares during the period. CIBC Private Wealth Group LLC boosted its stake in shares of Toronto Dominion Bank by 4.8% during the third quarter. CIBC Private Wealth Group LLC now owns 2,912 shares of the bank's stock worth $233,000 after buying an additional 134 shares during the period. Finally, Essex Financial Services Inc. boosted its stake in shares of Toronto Dominion Bank by 1.8% during the third quarter. Essex Financial Services Inc. now owns 7,834 shares of the bank's stock worth $626,000 after buying an additional 139 shares during the period. Institutional investors and hedge funds own 52.37% of the company's stock.

Toronto Dominion Bank Price Performance

Shares of NYSE:TD opened at $100.70 on Friday. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.09. The company has a market cap of $167.77 billion, a P/E ratio of 11.13, a PEG ratio of 1.15 and a beta of 0.65. Toronto Dominion Bank has a 52 week low of $56.51 and a 52 week high of $100.94. The company has a 50-day moving average price of $95.74 and a 200 day moving average price of $89.79.

Toronto Dominion Bank (NYSE:TD - Get Free Report) TSE: TD last announced its quarterly earnings data on Thursday, February 26th. The bank reported $1.76 EPS for the quarter, beating analysts' consensus estimates of $1.63 by $0.13. The firm had revenue of $11.01 billion during the quarter, compared to the consensus estimate of $10.43 billion. Toronto Dominion Bank had a net margin of 17.52% and a return on equity of 14.29%. The firm's revenue was up 18.1% compared to the same quarter last year. During the same quarter last year, the firm earned $2.02 earnings per share. Research analysts predict that Toronto Dominion Bank will post 5.48 earnings per share for the current year.

Toronto Dominion Bank Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Investors of record on Thursday, April 9th will be given a $1.08 dividend. The ex-dividend date is Thursday, April 9th. This represents a $4.32 dividend on an annualized basis and a yield of 4.3%. Toronto Dominion Bank's dividend payout ratio (DPR) is presently 34.36%.

Analysts Set New Price Targets

TD has been the subject of several recent research reports. Wall Street Zen downgraded shares of Toronto Dominion Bank from a "hold" rating to a "sell" rating in a research note on Saturday. Canadian Imperial Bank of Commerce downgraded shares of Toronto Dominion Bank from a "strong-buy" rating to a "hold" rating in a research note on Thursday, February 12th. National Bank Financial upgraded shares of Toronto Dominion Bank from a "sector perform" rating to an "outperform" rating in a research note on Thursday, December 18th. Weiss Ratings upgraded shares of Toronto Dominion Bank from a "buy (b)" rating to a "buy (a-)" rating in a research note on Friday, March 27th. Finally, Zacks Research upgraded shares of Toronto Dominion Bank from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, February 18th. Three analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, Toronto Dominion Bank has a consensus rating of "Moderate Buy" and a consensus target price of $93.00.

About Toronto Dominion Bank

Toronto-Dominion Bank (TD) is a Canadian multinational banking and financial services company headquartered in Toronto, Ontario. Formed through the 1955 merger of the Bank of Toronto (founded 1855) and the Dominion Bank (founded 1869), TD is one of Canada's largest banks and offers a broad range of financial products and services to individual, small business, commercial and institutional clients.

TD's core businesses include Canadian and U.S. personal and commercial banking, wealth management, wholesale banking and insurance.

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