Waratah Capital Advisors Ltd. Has $19.34 Million Stake in Toronto Dominion Bank (The) $TD

Waratah Capital Advisors Ltd. raised its stake in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 85.1% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 241,926 shares of the bank’s stock after acquiring an additional 111,243 shares during the quarter. Waratah Capital Advisors Ltd.’s holdings in Toronto Dominion Bank were worth $19,342,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. True Wealth Design LLC acquired a new position in shares of Toronto Dominion Bank during the 3rd quarter valued at about $27,000. Mather Group LLC. bought a new stake in Toronto Dominion Bank during the third quarter worth approximately $30,000. Sachetta LLC acquired a new position in Toronto Dominion Bank during the third quarter valued at approximately $33,000. Quaker Wealth Management LLC raised its position in shares of Toronto Dominion Bank by 200.0% in the second quarter. Quaker Wealth Management LLC now owns 428 shares of the bank’s stock valued at $31,000 after purchasing an additional 856 shares during the period. Finally, Elevation Point Wealth Partners LLC acquired a new stake in shares of Toronto Dominion Bank in the second quarter worth $32,000. Institutional investors own 52.37% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on TD shares. Weiss Ratings reiterated a “buy (b)” rating on shares of Toronto Dominion Bank in a research note on Wednesday, January 21st. Wall Street Zen cut shares of Toronto Dominion Bank from a “hold” rating to a “sell” rating in a report on Sunday. National Bank Financial upgraded Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a research note on Thursday, December 18th. Zacks Research upgraded Toronto Dominion Bank from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 18th. Finally, Raymond James Financial raised Toronto Dominion Bank to a “hold” rating in a report on Monday, November 24th. 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 stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $93.00.

Toronto Dominion Bank Stock Down 0.7%

TD stock opened at $95.15 on Wednesday. The business’s 50-day simple moving average is $94.76 and its 200 day simple moving average is $85.20. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.09. The company has a market cap of $159.02 billion, a PE ratio of 11.29, a price-to-earnings-growth ratio of 1.28 and a beta of 0.67. Toronto Dominion Bank has a twelve month low of $54.87 and a twelve month high of $99.04.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last announced its quarterly earnings data on Thursday, December 4th. The bank reported $1.56 EPS for the quarter, topping analysts’ consensus estimates of $1.46 by $0.10. The company had revenue of $11.44 billion during the quarter, compared to the consensus estimate of $10.10 billion. Toronto Dominion Bank had a return on equity of 13.90% and a net margin of 16.52%.The company’s quarterly revenue was down .1% on a year-over-year basis. During the same quarter last year, the company earned $1.72 EPS. On average, research analysts anticipate that Toronto Dominion Bank will post 5.48 earnings per share for the current year.

Toronto Dominion Bank Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Saturday, January 31st. Shareholders of record on Friday, January 9th were issued a $1.08 dividend. This is a boost from Toronto Dominion Bank’s previous quarterly dividend of $1.05. The ex-dividend date of this dividend was Friday, January 9th. This represents a $4.32 annualized dividend and a yield of 4.5%. Toronto Dominion Bank’s payout ratio is presently 37.25%.

Toronto Dominion Bank Company 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.