TD Private Client Wealth LLC Raises Position in Toronto Dominion Bank (The) $TD

TD Private Client Wealth LLC lifted its stake in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 1,336.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,406 shares of the bank’s stock after acquiring an additional 13,403 shares during the quarter. TD Private Client Wealth LLC’s holdings in Toronto Dominion Bank were worth $1,152,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of TD. AQR Capital Management LLC purchased a new stake in Toronto Dominion Bank during the 1st quarter worth about $568,000. Focus Partners Wealth grew its position in shares of Toronto Dominion Bank by 27.7% during the first quarter. Focus Partners Wealth now owns 24,970 shares of the bank’s stock worth $1,497,000 after buying an additional 5,410 shares in the last quarter. Breakwater Capital Group acquired a new position in shares of Toronto Dominion Bank during the second quarter worth about $205,000. Sivia Capital Partners LLC purchased a new stake in shares of Toronto Dominion Bank during the second quarter worth approximately $259,000. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in Toronto Dominion Bank by 43.8% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 24,521 shares of the bank’s stock valued at $1,840,000 after acquiring an additional 7,467 shares in the last quarter. 52.37% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have commented on TD. Weiss Ratings reiterated a “buy (b)” rating on shares of Toronto Dominion Bank in a report on Wednesday, October 8th. Wall Street Zen cut shares of Toronto Dominion Bank from a “hold” rating to a “sell” rating in a research report on Saturday, January 10th. Royal Bank Of Canada raised Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a report on Friday, October 3rd. Natl Bk Canada upgraded Toronto Dominion Bank from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 17th. Finally, Raymond James Financial raised Toronto Dominion Bank to a “hold” rating in a report on Monday, November 24th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $93.00.

Toronto Dominion Bank Price Performance

Shares of NYSE:TD opened at $94.01 on Friday. Toronto Dominion Bank has a 12 month low of $54.14 and a 12 month high of $96.44. The firm has a market capitalization of $157.78 billion, a P/E ratio of 11.15, a P/E/G ratio of 1.31 and a beta of 0.67. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.03 and a quick ratio of 1.03. The company’s fifty day moving average price is $88.89 and its 200 day moving average price is $80.88.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last released its quarterly earnings data on Thursday, December 4th. The bank reported $1.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.46 by $0.10. Toronto Dominion Bank had a net margin of 16.52% and a return on equity of 13.90%. The company had revenue of $11.44 billion during the quarter, compared to the consensus estimate of $10.10 billion. During the same quarter in the prior year, the firm posted $1.72 earnings per share. Toronto Dominion Bank’s revenue for the quarter was down .1% on a year-over-year basis. As a group, sell-side analysts predict that Toronto Dominion Bank will post 5.48 earnings per share for the current fiscal year.

Toronto Dominion Bank Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Saturday, January 31st. Investors of record on Friday, January 9th will be paid a dividend of $1.08 per share. The ex-dividend date is Friday, January 9th. This represents a $4.32 dividend on an annualized basis and a yield of 4.6%. This is a boost from Toronto Dominion Bank’s previous quarterly dividend of $1.05. Toronto Dominion Bank’s dividend payout ratio (DPR) is 37.37%.

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.