Sapient Capital LLC Makes New $352,000 Investment in The Toronto-Dominion Bank (NYSE:TD)

Sapient Capital LLC bought a new position in The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) in the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 5,448 shares of the bank’s stock, valued at approximately $352,000.

Several other institutional investors have also modified their holdings of TD. Vanguard Group Inc. grew its position in Toronto-Dominion Bank by 1.8% in the third quarter. Vanguard Group Inc. now owns 72,384,265 shares of the bank’s stock worth $4,361,876,000 after acquiring an additional 1,303,730 shares during the period. CIBC Asset Management Inc grew its holdings in shares of Toronto-Dominion Bank by 0.4% during the 3rd quarter. CIBC Asset Management Inc now owns 17,918,370 shares of the bank’s stock worth $1,082,848,000 after purchasing an additional 76,129 shares during the period. The Manufacturers Life Insurance Company increased its position in shares of Toronto-Dominion Bank by 20.1% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 17,134,868 shares of the bank’s stock worth $1,039,691,000 after purchasing an additional 2,870,662 shares during the last quarter. Toronto Dominion Bank raised its holdings in Toronto-Dominion Bank by 0.9% in the 3rd quarter. Toronto Dominion Bank now owns 14,630,614 shares of the bank’s stock valued at $881,641,000 after buying an additional 126,116 shares during the period. Finally, Massachusetts Financial Services Co. MA lifted its position in Toronto-Dominion Bank by 3.2% in the third quarter. Massachusetts Financial Services Co. MA now owns 11,171,750 shares of the bank’s stock valued at $673,210,000 after buying an additional 342,932 shares during the last quarter. Hedge funds and other institutional investors own 52.37% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on TD. Jefferies Financial Group initiated coverage on shares of Toronto-Dominion Bank in a research note on Thursday, February 22nd. They issued a “hold” rating on the stock. Scotiabank upgraded Toronto-Dominion Bank from a “sector perform” rating to a “sector outperform” rating in a research note on Wednesday, April 17th. Finally, Barclays initiated coverage on Toronto-Dominion Bank in a research report on Wednesday, March 20th. They set an “equal weight” rating for the company. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $89.33.

Toronto-Dominion Bank Price Performance

Shares of TD opened at $54.97 on Tuesday. The company has a market cap of $96.91 billion, a P/E ratio of 11.74, a PEG ratio of 1.71 and a beta of 0.84. The Toronto-Dominion Bank has a fifty-two week low of $54.12 and a fifty-two week high of $66.15. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.09. The firm’s 50 day moving average price is $59.06 and its 200 day moving average price is $60.01.

Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last posted its quarterly earnings results on Thursday, February 29th. The bank reported $1.47 EPS for the quarter, topping the consensus estimate of $1.42 by $0.05. The business had revenue of $10.07 billion during the quarter, compared to the consensus estimate of $9.35 billion. Toronto-Dominion Bank had a net margin of 11.16% and a return on equity of 14.15%. On average, research analysts forecast that The Toronto-Dominion Bank will post 5.77 earnings per share for the current fiscal year.

Toronto-Dominion Bank Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Tuesday, April 9th were given a $0.7519 dividend. The ex-dividend date was Monday, April 8th. This represents a $3.01 dividend on an annualized basis and a yield of 5.47%. This is a positive change from Toronto-Dominion Bank’s previous quarterly dividend of $0.75. Toronto-Dominion Bank’s dividend payout ratio (DPR) is currently 64.53%.

Toronto-Dominion Bank 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.