Syon Capital LLC Increases Stock Holdings in The Toronto-Dominion Bank (NYSE:TD)

Syon Capital LLC boosted its position in The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 109.2% during the 4th quarter, HoldingsChannel reports. The firm owned 12,840 shares of the bank’s stock after purchasing an additional 6,703 shares during the period. Syon Capital LLC’s holdings in Toronto-Dominion Bank were worth $830,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of TD. Bray Capital Advisors lifted its position in shares of Toronto-Dominion Bank by 206.7% during the 3rd quarter. Bray Capital Advisors now owns 460 shares of the bank’s stock valued at $28,000 after buying an additional 310 shares in the last quarter. Bank of New Hampshire bought a new stake in Toronto-Dominion Bank during the 4th quarter valued at approximately $32,000. Avior Wealth Management LLC raised its stake in Toronto-Dominion Bank by 92.9% during the 4th quarter. Avior Wealth Management LLC now owns 594 shares of the bank’s stock valued at $38,000 after purchasing an additional 286 shares during the period. Arlington Trust Co LLC bought a new stake in Toronto-Dominion Bank during the 3rd quarter valued at approximately $42,000. Finally, Bruce G. Allen Investments LLC bought a new stake in Toronto-Dominion Bank in the 4th quarter worth approximately $50,000. 52.37% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Toronto-Dominion Bank Trading Up 0.5 %

TD traded up $0.27 during trading hours on Friday, reaching $59.38. 2,167,513 shares of the company’s stock traded hands, compared to its average volume of 2,980,016. The firm has a 50-day moving average price of $59.36 and a 200 day moving average price of $60.07. The Toronto-Dominion Bank has a 52-week low of $54.69 and a 52-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 has a market capitalization of $104.70 billion, a PE ratio of 12.63, a PEG ratio of 1.81 and a beta of 0.86.

Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last posted its quarterly earnings data on Thursday, February 29th. The bank reported $1.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.42 by $0.05. Toronto-Dominion Bank had a return on equity of 14.15% and a net margin of 11.16%. The company had revenue of $10.07 billion during the quarter, compared to analysts’ expectations of $9.35 billion. As a group, sell-side analysts predict that The Toronto-Dominion Bank will post 5.85 EPS for the current fiscal year.

Toronto-Dominion Bank Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, April 9th will be issued a $0.7519 dividend. This represents a $3.01 annualized dividend and a dividend yield of 5.07%. This is a boost from Toronto-Dominion Bank’s previous quarterly dividend of $0.75. The ex-dividend date is Monday, April 8th. Toronto-Dominion Bank’s dividend payout ratio is currently 30.56%.

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.