Toronto Dominion Bank (The) $TD Shares Bought by Ballentine Partners LLC

Ballentine Partners LLC boosted its holdings in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 2.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,559 shares of the bank’s stock after acquiring an additional 237 shares during the quarter. Ballentine Partners LLC’s holdings in Toronto Dominion Bank were worth $849,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Balanced Rock Investment Advisors LLC increased its stake in Toronto Dominion Bank by 1.1% during the first quarter. Balanced Rock Investment Advisors LLC now owns 14,983 shares of the bank’s stock worth $898,000 after acquiring an additional 163 shares during the last quarter. Wright Investors Service Inc. grew its stake in shares of Toronto Dominion Bank by 3.1% in the second quarter. Wright Investors Service Inc. now owns 5,827 shares of the bank’s stock valued at $428,000 after buying an additional 173 shares in the last quarter. MFA Wealth Services grew its stake in shares of Toronto Dominion Bank by 4.5% in the first quarter. MFA Wealth Services now owns 4,179 shares of the bank’s stock valued at $250,000 after buying an additional 179 shares in the last quarter. Intrua Financial LLC grew its stake in shares of Toronto Dominion Bank by 2.4% in the first quarter. Intrua Financial LLC now owns 7,812 shares of the bank’s stock valued at $468,000 after buying an additional 183 shares in the last quarter. Finally, Hexagon Capital Partners LLC grew its stake in shares of Toronto Dominion Bank by 14.5% in the first quarter. Hexagon Capital Partners LLC now owns 1,500 shares of the bank’s stock valued at $90,000 after buying an additional 190 shares in the last quarter. Institutional investors and hedge funds own 52.37% of the company’s stock.

Toronto Dominion Bank Trading Up 1.0%

Shares of Toronto Dominion Bank stock opened at $78.90 on Friday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.09. The firm has a market cap of $134.19 billion, a PE ratio of 9.22, a P/E/G ratio of 1.68 and a beta of 0.81. The business’s fifty day moving average is $75.02 and its two-hundred day moving average is $68.75. Toronto Dominion Bank has a fifty-two week low of $51.25 and a fifty-two week high of $79.49.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last issued its earnings results on Thursday, August 28th. The bank reported $1.91 earnings per share for the quarter, topping the consensus estimate of $1.46 by $0.45. Toronto Dominion Bank had a return on equity of 13.59% and a net margin of 16.40%.The business had revenue of $10.12 billion for the quarter, compared to analyst estimates of $13.73 billion. During the same period last year, the company posted $2.05 EPS. The business’s quarterly revenue was up 7.9% on a year-over-year basis. 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 announced a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Friday, October 10th will be paid a dividend of $1.05 per share. This is a boost from Toronto Dominion Bank’s previous quarterly dividend of $0.76. This represents a $4.20 annualized dividend and a dividend yield of 5.3%. The ex-dividend date is Friday, October 10th. Toronto Dominion Bank’s payout ratio is 36.10%.

Wall Street Analysts Forecast Growth

TD has been the subject of a number of research reports. Zacks Research cut Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 13th. Desjardins raised Toronto Dominion Bank from a “hold” rating to a “buy” rating in a report on Wednesday, August 13th. Three equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $93.00.

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 four segments: Canadian Personal and Commercial Banking, U.S. Retail, Wealth Management and Insurance, and Wholesale Banking.