Truist Financial Corp Buys 1,059 Shares of Toronto Dominion Bank (The) $TD

Truist Financial Corp grew its stake in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 6.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 17,159 shares of the bank’s stock after acquiring an additional 1,059 shares during the quarter. Truist Financial Corp’s holdings in Toronto Dominion Bank were worth $1,260,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of TD. Farther Finance Advisors LLC boosted its position in shares of Toronto Dominion Bank by 42.6% during the first quarter. Farther Finance Advisors LLC now owns 2,819 shares of the bank’s stock valued at $167,000 after buying an additional 842 shares during the last quarter. Assenagon Asset Management S.A. boosted its position in shares of Toronto Dominion Bank by 1.2% during the first quarter. Assenagon Asset Management S.A. now owns 57,834 shares of the bank’s stock valued at $3,465,000 after buying an additional 672 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in shares of Toronto Dominion Bank by 5.8% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 17,054 shares of the bank’s stock valued at $1,022,000 after buying an additional 928 shares during the last quarter. Hennessy Advisors Inc. boosted its position in shares of Toronto Dominion Bank by 16.2% during the first quarter. Hennessy Advisors Inc. now owns 95,200 shares of the bank’s stock valued at $5,706,000 after buying an additional 13,300 shares during the last quarter. Finally, MFA Wealth Services boosted its position in shares of Toronto Dominion Bank by 4.5% during 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 during the last quarter. 52.37% of the stock is currently owned by institutional investors.

Toronto Dominion Bank Trading Down 1.8%

Shares of NYSE:TD opened at $78.36 on Monday. The stock has a market capitalization of $133.28 billion, a price-to-earnings ratio of 9.15, a PEG ratio of 1.60 and a beta of 0.80. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.02 and a current ratio of 1.02. The stock’s 50-day simple moving average is $76.35 and its two-hundred day simple moving average is $70.45. Toronto Dominion Bank has a 52-week low of $51.25 and a 52-week high of $82.08.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last posted its quarterly earnings data on Thursday, August 28th. The bank reported $1.91 EPS 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 firm had revenue of $10.12 billion for the quarter, compared to the consensus estimate of $13.73 billion. During the same quarter last year, the company earned $2.05 earnings per share. The business’s revenue for the quarter was up 7.9% compared to the same quarter last year. Analysts expect that Toronto Dominion Bank will post 5.48 EPS for the current year.

Toronto Dominion Bank Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Friday, October 10th will be paid a $1.05 dividend. This represents a $4.20 annualized dividend and a dividend yield of 5.4%. This is an increase from Toronto Dominion Bank’s previous quarterly dividend of $0.76. The ex-dividend date of this dividend is Friday, October 10th. Toronto Dominion Bank’s dividend payout ratio is 35.75%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on TD shares. Wall Street Zen cut Toronto Dominion Bank from a “hold” rating to a “sell” rating in a research report on Friday, September 26th. Desjardins raised Toronto Dominion Bank from a “hold” rating to a “buy” rating in a research report on Wednesday, August 13th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Toronto Dominion Bank in a research report on Wednesday, October 8th. Royal Bank Of Canada raised Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a research report on Friday, October 3rd. Finally, Zacks Research cut Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 13th. Five research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $93.00.

Toronto Dominion Bank Company 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.