Walter Public Investments Inc. Buys 84,763 Shares of Toronto Dominion Bank (The) $TD

Walter Public Investments Inc. increased its position in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 941.8% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 93,763 shares of the bank’s stock after buying an additional 84,763 shares during the quarter. Toronto Dominion Bank comprises about 2.1% of Walter Public Investments Inc.’s portfolio, making the stock its 25th biggest position. Walter Public Investments Inc.’s holdings in Toronto Dominion Bank were worth $8,757,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of TD. Prime Capital Investment Advisors LLC increased its holdings in Toronto Dominion Bank by 433.7% during the 4th quarter. Prime Capital Investment Advisors LLC now owns 16,218 shares of the bank’s stock worth $1,528,000 after purchasing an additional 13,179 shares in the last quarter. Alberta Investment Management Corp bought a new position in shares of Toronto Dominion Bank in the fourth quarter valued at approximately $299,850,000. JCIC Asset Management Inc. boosted its position in shares of Toronto Dominion Bank by 891.5% during the fourth quarter. JCIC Asset Management Inc. now owns 85,248 shares of the bank’s stock valued at $8,035,000 after buying an additional 76,650 shares during the last quarter. Sivia Capital Partners LLC purchased a new position in shares of Toronto Dominion Bank during the second quarter valued at approximately $259,000. Finally, LRT Capital Management LLC bought a new stake in Toronto Dominion Bank during the third quarter worth $3,865,000. Institutional investors and hedge funds own 52.37% of the company’s stock.

Wall Street Analysts Forecast Growth

TD has been the subject of a number of analyst reports. Weiss Ratings lowered Toronto Dominion Bank from a “buy (b+)” rating to a “buy (b)” rating in a research report on Thursday, June 11th. Scotiabank upgraded shares of Toronto Dominion Bank from a “sector perform” rating to a “sector outperform” rating in a research note on Monday, May 4th. Royal Bank Of Canada increased their target price on shares of Toronto Dominion Bank from $138.00 to $156.00 and gave the company an “outperform” rating in a report on Monday, June 1st. Zacks Research lowered shares of Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Finally, Wall Street Zen cut shares of Toronto Dominion Bank from a “hold” rating to a “sell” rating in a report on Saturday, May 23rd. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Toronto Dominion Bank presently has a consensus rating of “Moderate Buy” and an average price target of $156.00.

Toronto Dominion Bank Stock Performance

TD stock opened at $119.31 on Friday. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.09. The firm has a market cap of $197.15 billion, a PE ratio of 18.61, a P/E/G ratio of 1.33 and a beta of 0.71. The business has a 50 day moving average of $112.94 and a 200-day moving average of $101.81. Toronto Dominion Bank has a 12-month low of $72.21 and a 12-month high of $122.65.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last posted its quarterly earnings data on Thursday, May 28th. The bank reported $1.74 earnings per share for the quarter, topping the consensus estimate of $1.63 by $0.11. The business had revenue of $11.80 billion for the quarter, compared to analysts’ expectations of $11.04 billion. Toronto Dominion Bank had a return on equity of 14.83% and a net margin of 13.20%.The business’s revenue was down 31.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.97 earnings per share. As a group, sell-side analysts expect that Toronto Dominion Bank will post 6.86 earnings per share for the current year.

Toronto Dominion Bank Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, July 10th will be paid a dividend of $1.12 per share. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date is Friday, July 10th. This is a positive change from Toronto Dominion Bank’s previous quarterly dividend of $1.08. Toronto Dominion Bank’s dividend payout ratio (DPR) is presently 48.52%.

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.