Chesapeake Capital Corp IL Makes New $804,000 Investment in Toronto Dominion Bank (The) $TD

Chesapeake Capital Corp IL purchased a new position in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 10,055 shares of the bank’s stock, valued at approximately $804,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. True Wealth Design LLC purchased a new stake in shares of Toronto Dominion Bank during the third quarter worth $27,000. Mather Group LLC. acquired a new stake in shares of Toronto Dominion Bank in the third quarter valued at $30,000. Elevation Point Wealth Partners LLC purchased a new position in Toronto Dominion Bank in the second quarter valued at $32,000. Sachetta LLC purchased a new position in Toronto Dominion Bank in the third quarter valued at $33,000. Finally, Smartleaf Asset Management LLC grew its stake in Toronto Dominion Bank by 660.9% during the 2nd quarter. Smartleaf Asset Management LLC now owns 525 shares of the bank’s stock worth $38,000 after purchasing an additional 456 shares in the last quarter. Hedge funds and other institutional investors own 52.37% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on TD shares. Raymond James Financial raised Toronto Dominion Bank to a “hold” rating in a research report on Monday, November 24th. Weiss Ratings reissued a “buy (b)” rating on shares of Toronto Dominion Bank in a research report on Wednesday, January 21st. Jefferies Financial Group lowered shares of Toronto Dominion Bank from a “buy” rating to a “hold” rating in a research note on Tuesday, November 25th. National Bank Financial raised shares of Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a report on Thursday, December 18th. Finally, Zacks Research upgraded shares of Toronto Dominion Bank from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 18th. Two research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $93.00.

Toronto Dominion Bank Trading Down 0.9%

NYSE:TD opened at $93.22 on Friday. The stock has a 50-day simple moving average of $95.48 and a 200-day simple moving average of $87.09. The stock has a market cap of $155.80 billion, a P/E ratio of 10.30, a P/E/G ratio of 1.07 and a beta of 0.66. Toronto Dominion Bank has a 1 year low of $54.87 and a 1 year high of $99.84. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.05 and a current ratio of 1.05.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last released its quarterly earnings data on Thursday, February 26th. The bank reported $1.76 EPS for the quarter, beating analysts’ consensus estimates of $1.63 by $0.13. Toronto Dominion Bank had a return on equity of 14.29% and a net margin of 17.52%.The business had revenue of $11.01 billion for the quarter, compared to the consensus estimate of $10.43 billion. During the same quarter in the prior year, the business posted $2.02 EPS. The business’s revenue for the quarter was up 18.1% on a year-over-year basis. As a group, analysts anticipate that Toronto Dominion Bank will post 5.48 earnings per share for the current fiscal year.

Toronto Dominion Bank Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 30th. Investors of record on Thursday, April 9th will be given a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date of this dividend is Thursday, April 9th. Toronto Dominion Bank’s dividend payout ratio (DPR) is 34.81%.

Toronto Dominion Bank 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.