Artemis Investment Management LLP Grows Position in The Toronto-Dominion Bank (NYSE:TD)

Artemis Investment Management LLP lifted its holdings in shares of The Toronto-Dominion Bank (NYSE:TDGet Rating) (TSE:TD) by 16.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 162,153 shares of the bank’s stock after purchasing an additional 23,320 shares during the quarter. Artemis Investment Management LLP’s holdings in Toronto-Dominion Bank were worth $12,427,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Congress Wealth Management LLC DE acquired a new position in Toronto-Dominion Bank during the 4th quarter worth about $393,000. Dimensional Fund Advisors LP lifted its stake in Toronto-Dominion Bank by 11.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,392,957 shares of the bank’s stock worth $92,144,000 after acquiring an additional 147,996 shares in the last quarter. Ritholtz Wealth Management lifted its stake in Toronto-Dominion Bank by 51.6% during the 4th quarter. Ritholtz Wealth Management now owns 22,727 shares of the bank’s stock worth $1,743,000 after acquiring an additional 7,733 shares in the last quarter. Stonnington Group LLC lifted its stake in Toronto-Dominion Bank by 628.5% during the 4th quarter. Stonnington Group LLC now owns 28,630 shares of the bank’s stock worth $2,294,000 after acquiring an additional 24,700 shares in the last quarter. Finally, Marshall Wace LLP raised its position in Toronto-Dominion Bank by 137.9% in the 3rd quarter. Marshall Wace LLP now owns 672,178 shares of the bank’s stock valued at $44,487,000 after purchasing an additional 389,673 shares in the last quarter. Institutional investors and hedge funds own 48.46% of the company’s stock.

A number of research firms have issued reports on TD. Scotiabank reduced their price target on Toronto-Dominion Bank from C$116.00 to C$105.00 in a research report on Wednesday, April 13th. CIBC lowered Toronto-Dominion Bank from an “outperform” rating to a “neutral” rating in a research report on Monday, April 11th. Zacks Investment Research raised Toronto-Dominion Bank from a “hold” rating to a “buy” rating and set a $79.00 price target on the stock in a research report on Friday. Stifel Nicolaus cut their target price on Toronto-Dominion Bank from C$105.00 to C$104.00 in a research report on Friday, April 8th. Finally, Desjardins raised their target price on Toronto-Dominion Bank from C$110.00 to C$113.00 in a research report on Monday, March 7th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $100.11.

Shares of TD stock opened at $72.24 on Friday. The business’s 50 day moving average is $77.85 and its two-hundred day moving average is $77.04. The Toronto-Dominion Bank has a twelve month low of $62.81 and a twelve month high of $86.01. The company has a market capitalization of $130.42 billion, a P/E ratio of 11.36, a price-to-earnings-growth ratio of 1.35 and a beta of 0.96. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.12.

Toronto-Dominion Bank (NYSE:TDGet Rating) (TSE:TD) last posted its quarterly earnings results on Thursday, March 3rd. The bank reported $2.08 EPS for the quarter, beating the consensus estimate of $2.05 by $0.03. The business had revenue of $11.28 billion during the quarter, compared to analysts’ expectations of $10.28 billion. Toronto-Dominion Bank had a return on equity of 16.18% and a net margin of 30.57%. The company’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same period last year, the firm earned $1.42 EPS. As a group, equities analysts predict that The Toronto-Dominion Bank will post 6.39 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Saturday, April 30th. Stockholders of record on Friday, April 8th will be issued a $0.702 dividend. This is a boost from Toronto-Dominion Bank’s previous quarterly dividend of $0.70. This represents a $2.81 annualized dividend and a dividend yield of 3.89%. The ex-dividend date is Thursday, April 7th. Toronto-Dominion Bank’s dividend payout ratio (DPR) is currently 44.81%.

Toronto-Dominion Bank Company Profile (Get Rating)

The Toronto-Dominion Bank, together with its subsidiaries, provides various financial products and services in Canada, the United States, and internationally. It operates through three segments: Canadian Retail, U.S. Retail, and Wholesale Banking. The company offers personal deposits, such as chequing, savings, and investment products; financing, investment, cash management, international trade, and day-to-day banking services to businesses; and financing options to customers at point of sale for automotive and recreational vehicle purchases.

Further Reading

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Institutional Ownership by Quarter for Toronto-Dominion Bank (NYSE:TD)

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