Twin Tree Management LP Increases Holdings in Toronto Dominion Bank (The) $TD

Key Points

• Twin Tree Management LP has significantly increased its holdings in Toronto Dominion Bank by 160.3%, owning 191,137 shares valued at approximately $11.46 million according to its latest SEC filing.
• Toronto Dominion Bank has announced an increase in its quarterly dividend to $1.05 per share, translating to an annual yield of 5.6% and a payout ratio of 45.31%.
• The bank's recent quarterly earnings report showed an EPS of $1.91, exceeding estimates, with a year-over-year revenue increase of 7.9%.

Twin Tree Management LP increased its position in shares of Toronto Dominion Bank (The) (NYSE:TD - Free Report) TSE: TD by 160.3% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 191,137 shares of the bank's stock after purchasing an additional 117,696 shares during the quarter. Twin Tree Management LP's holdings in Toronto Dominion Bank were worth $11,457,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Balanced Rock Investment Advisors LLC lifted its holdings in shares of Toronto Dominion Bank by 1.1% during the first quarter. Balanced Rock Investment Advisors LLC now owns 14,983 shares of the bank's stock worth $898,000 after purchasing an additional 163 shares during the period. MFA Wealth Services lifted its holdings in shares of Toronto Dominion Bank by 4.5% during the first quarter. MFA Wealth Services now owns 4,179 shares of the bank's stock worth $250,000 after purchasing an additional 179 shares during the period. Hexagon Capital Partners LLC lifted its holdings in shares of Toronto Dominion Bank by 14.5% during the first quarter. Hexagon Capital Partners LLC now owns 1,500 shares of the bank's stock worth $90,000 after purchasing an additional 190 shares during the period. JFS Wealth Advisors LLC lifted its holdings in shares of Toronto Dominion Bank by 6.0% during the first quarter. JFS Wealth Advisors LLC now owns 3,421 shares of the bank's stock worth $205,000 after purchasing an additional 194 shares during the period. Finally, MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Toronto Dominion Bank by 14.3% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,619 shares of the bank's stock worth $97,000 after purchasing an additional 202 shares during the period. Institutional investors and hedge funds own 52.37% of the company's stock.

Toronto Dominion Bank Stock Up 3.0%

Shares of TD opened at $75.05 on Friday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.03 and a current ratio of 1.03. Toronto Dominion Bank has a one year low of $51.25 and a one year high of $78.95. The stock has a market capitalization of $128.73 billion, a price-to-earnings ratio of 8.77, a PEG ratio of 1.64 and a beta of 0.84. The stock has a 50 day moving average price of $73.79 and a 200 day moving average price of $66.55.

Toronto Dominion Bank (NYSE:TD - Get Free Report) TSE: TD last issued its quarterly earnings results on Thursday, August 28th. The bank reported $1.91 EPS for the quarter, topping the consensus estimate of $1.46 by $0.45. Toronto Dominion Bank had a return on equity of 13.84% and a net margin of 16.40%.The firm had revenue of $10.12 billion during the quarter, compared to analysts' expectations of $13.73 billion. During the same period in the previous year, the business earned $2.05 earnings per share. The firm's revenue for the quarter was up 7.9% on a year-over-year basis. Equities research analysts forecast that Toronto Dominion Bank will post 5.48 earnings per share for the current fiscal year.

Toronto Dominion Bank Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Friday, October 10th will be issued a $1.05 dividend. This represents a $4.20 annualized dividend and a yield of 5.6%. The ex-dividend date is Friday, October 10th. This is an increase from Toronto Dominion Bank's previous quarterly dividend of $0.76. Toronto Dominion Bank's dividend payout ratio (DPR) is currently 45.31%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on TD shares. Zacks Research downgraded Toronto Dominion Bank from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 13th. Scotiabank began coverage on Toronto Dominion Bank in a report on Thursday, May 15th. They issued a "sector perform" rating for the company. Desjardins raised Toronto Dominion Bank from a "hold" rating to a "buy" rating in a report on Wednesday, August 13th. Wall Street Zen raised Toronto Dominion Bank from a "sell" rating to a "hold" rating in a report on Saturday, May 24th. Finally, Royal Bank Of Canada boosted their price objective on Toronto Dominion Bank from $87.00 to $93.00 and gave the company a "sector perform" rating in a research report on Friday, May 23rd. Three analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $93.00.

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.

Want to see what other hedge funds are holding TD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Toronto Dominion Bank (The) (NYSE:TD - Free Report) TSE: TD.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.