Toronto Dominion Bank (The) $TD Shares Purchased by DKRT Investments Corp.

Key Points

• DKRT Investments Corp. increased its stake in Toronto Dominion Bank by 50.0% in Q3 to 105,000 shares (worth $8.395 million), making TD its 12th largest holding at 2.0% of the portfolio.
• Several large institutions also added shares—Canada Pension Plan Investment Board (+18.5% to 12.47M shares), Ontario Teachers (+304% to 2.45M shares), Manulife and BNY Mellon among others—leaving 52.37% institutional ownership.
• TD beat quarterly estimates (EPS $1.76 vs. $1.63; revenue $11.01B vs. $10.43B), trades near $95.64 within a 52-week range of $54.87–$99.84, and announced a $1.08 quarterly dividend (4.5% yield); consensus rating is "Moderate Buy" with a $93 price target.

DKRT Investments Corp. increased its stake in shares of Toronto Dominion Bank (The) (NYSE:TD - Free Report) TSE: TD by 50.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 105,000 shares of the bank's stock after buying an additional 35,000 shares during the period. Toronto Dominion Bank comprises 2.0% of DKRT Investments Corp.'s portfolio, making the stock its 12th largest holding. DKRT Investments Corp.'s holdings in Toronto Dominion Bank were worth $8,395,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Canada Pension Plan Investment Board grew its holdings in shares of Toronto Dominion Bank by 18.5% in the 2nd quarter. Canada Pension Plan Investment Board now owns 12,470,618 shares of the bank's stock worth $917,832,000 after acquiring an additional 1,946,172 shares during the period. The Manufacturers Life Insurance Company boosted its position in Toronto Dominion Bank by 0.8% during the second quarter. The Manufacturers Life Insurance Company now owns 13,815,706 shares of the bank's stock worth $1,010,852,000 after purchasing an additional 115,203 shares in the last quarter. Picton Mahoney Asset Management purchased a new stake in Toronto Dominion Bank during the second quarter worth $267,475,000. Bank of New York Mellon Corp grew its holdings in Toronto Dominion Bank by 3.2% in the second quarter. Bank of New York Mellon Corp now owns 1,658,144 shares of the bank's stock valued at $121,791,000 after purchasing an additional 51,698 shares during the last quarter. Finally, Ontario Teachers Pension Plan Board grew its holdings in Toronto Dominion Bank by 304.0% in the second quarter. Ontario Teachers Pension Plan Board now owns 2,446,307 shares of the bank's stock valued at $180,047,000 after purchasing an additional 1,840,747 shares during the last quarter. 52.37% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently issued reports on TD. Zacks Research raised Toronto Dominion Bank from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, February 18th. Raymond James Financial raised shares of Toronto Dominion Bank to a "hold" rating in a research note on Monday, November 24th. Weiss Ratings restated a "buy (b)" rating on shares of Toronto Dominion Bank in a report on Wednesday, January 21st. National Bank Financial upgraded shares of Toronto Dominion Bank from a "sector perform" rating to an "outperform" rating in a research report on Thursday, December 18th. Finally, Jefferies Financial Group downgraded shares of Toronto Dominion Bank from a "buy" rating to a "hold" rating in a report on Tuesday, November 25th. Two investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $93.00.

Toronto Dominion Bank Stock Performance

Toronto Dominion Bank stock opened at $95.64 on Friday. Toronto Dominion Bank has a fifty-two week low of $54.87 and a fifty-two week high of $99.84. The company has a market capitalization of $159.84 billion, a price-to-earnings ratio of 10.57, a PEG ratio of 1.11 and a beta of 0.66. The stock has a fifty day moving average of $95.43 and a two-hundred day moving average of $86.36. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.05 and a current ratio of 1.05.

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

Toronto Dominion Bank Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 30th. Investors of record on Thursday, April 9th will be paid a $1.08 dividend. The ex-dividend date of this dividend is Thursday, April 9th. This represents a $4.32 annualized dividend and a yield of 4.5%. Toronto Dominion Bank's payout ratio is presently 34.81%.

Toronto Dominion Bank Company Profile

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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