The Toronto-Dominion Bank (NYSE:TD) Shares Acquired by Hexagon Capital Partners LLC

Hexagon Capital Partners LLC increased its stake in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 11.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,990 shares of the bank’s stock after buying an additional 207 shares during the quarter. Hexagon Capital Partners LLC’s holdings in Toronto-Dominion Bank were worth $120,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its stake in Toronto-Dominion Bank by 6.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,044,900 shares of the bank’s stock worth $132,141,000 after buying an additional 130,801 shares during the last quarter. Cooper Financial Group grew its stake in Toronto-Dominion Bank by 2.4% during the 4th quarter. Cooper Financial Group now owns 8,120 shares of the bank’s stock worth $525,000 after buying an additional 188 shares during the last quarter. V Square Quantitative Management LLC grew its stake in Toronto-Dominion Bank by 5,032.5% during the 4th quarter. V Square Quantitative Management LLC now owns 15,808 shares of the bank’s stock worth $1,022,000 after buying an additional 15,500 shares during the last quarter. CWM LLC grew its stake in Toronto-Dominion Bank by 15.2% during the 4th quarter. CWM LLC now owns 6,528 shares of the bank’s stock worth $422,000 after buying an additional 863 shares during the last quarter. Finally, Schechter Investment Advisors LLC grew its stake in Toronto-Dominion Bank by 6.0% during the 4th quarter. Schechter Investment Advisors LLC now owns 7,697 shares of the bank’s stock worth $497,000 after buying an additional 434 shares during the last quarter. 52.37% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently commented on TD. StockNews.com cut Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a research note on Thursday. National Bank Financial cut Toronto-Dominion Bank from a “sector perform” rating to an “underperform” rating in a research note on Thursday, May 23rd. BMO Capital Markets decreased their price target on Toronto-Dominion Bank from $86.00 to $84.00 and set a “market perform” rating for the company in a research note on Friday, May 24th. Scotiabank raised Toronto-Dominion Bank from a “sector perform” rating to a “sector outperform” rating in a research note on Wednesday, April 17th. Finally, Barclays began coverage on Toronto-Dominion Bank in a research note on Wednesday, March 20th. They issued an “equal weight” rating for the company. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $88.00.

Toronto-Dominion Bank Price Performance

TD stock traded down $0.42 during trading hours on Monday, hitting $54.54. 916,802 shares of the stock traded hands, compared to its average volume of 2,876,531. The stock has a 50-day simple moving average of $56.09 and a 200 day simple moving average of $58.95. The Toronto-Dominion Bank has a one year low of $53.52 and a one year high of $66.15. The company has a market cap of $95.30 billion, a P/E ratio of 12.40, a P/E/G ratio of 1.51 and a beta of 0.82. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.11.

Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last announced its earnings results on Thursday, May 23rd. The bank reported $1.50 earnings per share for the quarter, beating the consensus estimate of $1.35 by $0.15. Toronto-Dominion Bank had a return on equity of 14.38% and a net margin of 9.96%. The business had revenue of $10.18 billion during the quarter, compared to analysts’ expectations of $9.90 billion. Equities analysts forecast that The Toronto-Dominion Bank will post 5.86 earnings per share for the current year.

Toronto-Dominion Bank Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Wednesday, July 10th will be issued a dividend of $0.74 per share. This represents a $2.96 annualized dividend and a dividend yield of 5.43%. The ex-dividend date of this dividend is Wednesday, July 10th. Toronto-Dominion Bank’s dividend payout ratio is 68.64%.

About Toronto-Dominion Bank

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.