Cambridge Investment Research Advisors Inc. raised its holdings in shares of The Toronto-Dominion Bank (NYSE:TD – Free Report) (TSE:TD) by 35.0% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 55,757 shares of the bank’s stock after buying an additional 14,466 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Toronto-Dominion Bank were worth $3,457,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. Pacer Advisors Inc. raised its stake in Toronto-Dominion Bank by 9.0% during the second quarter. Pacer Advisors Inc. now owns 15,571 shares of the bank’s stock worth $966,000 after purchasing an additional 1,288 shares during the period. Cardinal Capital Management raised its position in shares of Toronto-Dominion Bank by 0.7% during the 2nd quarter. Cardinal Capital Management now owns 37,707 shares of the bank’s stock valued at $2,338,000 after buying an additional 266 shares during the period. 180 Wealth Advisors LLC lifted its holdings in Toronto-Dominion Bank by 8.4% in the second quarter. 180 Wealth Advisors LLC now owns 13,010 shares of the bank’s stock valued at $817,000 after acquiring an additional 1,003 shares during the last quarter. Rempart Asset Management Inc. grew its position in Toronto-Dominion Bank by 3.2% in the second quarter. Rempart Asset Management Inc. now owns 312,046 shares of the bank’s stock worth $19,355,000 after acquiring an additional 9,670 shares during the period. Finally, New Hampshire Trust increased its stake in Toronto-Dominion Bank by 23.1% during the second quarter. New Hampshire Trust now owns 3,299 shares of the bank’s stock worth $205,000 after acquiring an additional 620 shares during the last quarter. 51.52% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
TD has been the topic of several recent analyst reports. StockNews.com lowered shares of Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a report on Monday, August 28th. Credit Suisse Group dropped their price objective on Toronto-Dominion Bank from $93.00 to $92.00 and set an “outperform” rating for the company in a research note on Friday, August 25th. Barclays decreased their target price on Toronto-Dominion Bank from $84.00 to $82.00 and set an “equal weight” rating on the stock in a research note on Friday, August 25th. Finally, Royal Bank of Canada dropped their target price on Toronto-Dominion Bank from $96.00 to $94.00 and set an “outperform” rating for the company in a research report on Friday, August 25th. One analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Toronto-Dominion Bank presently has an average rating of “Moderate Buy” and an average target price of $97.71.
Toronto-Dominion Bank Stock Down 0.0 %
TD stock opened at $60.17 on Thursday. The Toronto-Dominion Bank has a 52 week low of $55.43 and a 52 week high of $70.67. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.11. The company has a market cap of $109.01 billion, a P/E ratio of 10.43, a P/E/G ratio of 2.07 and a beta of 0.91. The company’s 50-day moving average price is $62.30 and its 200 day moving average price is $60.89.
Toronto-Dominion Bank (NYSE:TD – Get Free Report) (TSE:TD) last released its quarterly earnings results on Thursday, August 24th. The bank reported $1.48 earnings per share for the quarter, missing analysts’ consensus estimates of $1.52 by ($0.04). The firm had revenue of $9.51 billion during the quarter, compared to analyst estimates of $9 billion. Toronto-Dominion Bank had a return on equity of 15.17% and a net margin of 15.25%. On average, research analysts expect that The Toronto-Dominion Bank will post 6 earnings per share for the current fiscal year.
Toronto-Dominion Bank Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 31st. Investors of record on Friday, October 6th will be paid a $0.725 dividend. This represents a $2.90 dividend on an annualized basis and a yield of 4.82%. This is a boost from Toronto-Dominion Bank’s previous quarterly dividend of $0.71. The ex-dividend date of this dividend is Thursday, October 5th. Toronto-Dominion Bank’s dividend payout ratio is presently 50.26%.
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 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.
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