Andra AP fonden Buys New Stake in Toronto Dominion Bank (The) $TD

Andra AP fonden purchased a new position in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) during the 2nd quarter, Holdings Channel.com reports. The fund purchased 270,579 shares of the bank’s stock, valued at approximately $32,856,000.

A number of other institutional investors have also modified their holdings of TD. Cornerstone Financial Management LLC lifted its holdings in shares of Toronto Dominion Bank by 77.2% in the 2nd quarter. Cornerstone Financial Management LLC now owns 218 shares of the bank’s stock valued at $26,000 after buying an additional 95 shares during the period. Main Line Retirement Advisors LLC grew its holdings in Toronto Dominion Bank by 0.8% during the first quarter. Main Line Retirement Advisors LLC now owns 12,254 shares of the bank’s stock worth $1,143,000 after acquiring an additional 102 shares during the period. Chicago Partners Investment Group LLC raised its position in Toronto Dominion Bank by 1.8% during the first quarter. Chicago Partners Investment Group LLC now owns 5,735 shares of the bank’s stock valued at $535,000 after acquiring an additional 102 shares in the last quarter. Checchi Capital Advisers LLC raised its position in Toronto Dominion Bank by 1.5% during the first quarter. Checchi Capital Advisers LLC now owns 7,194 shares of the bank’s stock valued at $671,000 after acquiring an additional 104 shares in the last quarter. Finally, Valmark Advisers Inc. lifted its holdings in Toronto Dominion Bank by 0.8% in the first quarter. Valmark Advisers Inc. now owns 16,057 shares of the bank’s stock valued at $1,498,000 after acquiring an additional 122 shares during the period. Hedge funds and other institutional investors own 52.37% of the company’s stock.

Analyst Upgrades and Downgrades

TD has been the topic of a number of analyst reports. Weiss Ratings raised shares of Toronto Dominion Bank from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, August 5th. Royal Bank Of Canada boosted their target price on shares of Toronto Dominion Bank from $138.00 to $156.00 and gave the company an “outperform” rating in a research note on Monday, June 1st. Wall Street Zen raised shares of Toronto Dominion Bank from a “sell” rating to a “hold” rating in a report on Saturday, August 22nd. Finally, Keefe, Bruyette & Woods started coverage on shares of Toronto Dominion Bank in a report on Friday, August 21st. They issued a “market perform” rating for the company. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $156.00.

Toronto Dominion Bank Price Performance

TD stock traded down $1.95 during mid-day trading on Tuesday, reaching $122.09. 555,967 shares of the company’s stock were exchanged, compared to its average volume of 2,382,181. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.03 and a quick ratio of 1.03. Toronto Dominion Bank has a 12-month low of $77.26 and a 12-month high of $125.46. The stock’s 50 day moving average is $120.95 and its 200 day moving average is $112.09. The company has a market cap of $200.81 billion, a price-to-earnings ratio of 18.17, a price-to-earnings-growth ratio of 1.22 and a beta of 0.73.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last posted its quarterly earnings data on Thursday, August 27th. The bank reported $1.98 EPS for the quarter, beating analysts’ consensus estimates of $1.74 by $0.24. The business had revenue of $12.07 billion during the quarter, compared to analysts’ expectations of $10.70 billion. Toronto Dominion Bank had a return on equity of 14.88% and a net margin of 14.41%.The business’s revenue was up 6.9% compared to the same quarter last year. During the same period in the previous year, the business earned $2.20 earnings per share. On average, research analysts expect that Toronto Dominion Bank will post 7.04 EPS for the current year.

Toronto Dominion Bank Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, October 31st. Shareholders of record on Friday, October 9th will be given a dividend of $1.12 per share. The ex-dividend date is Friday, October 9th. This represents a $4.48 dividend on an annualized basis and a yield of 3.7%. Toronto Dominion Bank’s dividend payout ratio is currently 46.81%.

Toronto Dominion Bank Company Profile

Toronto-Dominion Bank, operating under the TD name, is a Canadian financial services company headquartered in Toronto, Ontario. The bank traces its history to the formation of The Toronto-Dominion Bank in 1955 through the merger of The Bank of Toronto, founded in 1855, and The Dominion Bank, founded in 1869.

TD provides a broad range of banking and financial services to individuals, businesses and institutions. Its offerings include personal and commercial deposit accounts, mortgages, consumer and business lending, credit cards, payment services, investment products, insurance and wealth management.