Cyndeo Wealth Partners LLC Boosts Holdings in Toronto Dominion Bank (The) $TD

Cyndeo Wealth Partners LLC increased its holdings in Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 5.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,416 shares of the bank’s stock after acquiring an additional 870 shares during the quarter. Cyndeo Wealth Partners LLC’s holdings in Toronto Dominion Bank were worth $1,206,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. Callan Family Office LLC bought a new position in shares of Toronto Dominion Bank in the 2nd quarter worth about $601,000. Leo Wealth LLC bought a new position in shares of Toronto Dominion Bank in the 2nd quarter worth about $228,000. US Bancorp DE increased its stake in shares of Toronto Dominion Bank by 8.0% in the 2nd quarter. US Bancorp DE now owns 21,241 shares of the bank’s stock worth $1,560,000 after acquiring an additional 1,575 shares in the last quarter. Triasima Portfolio Management inc. bought a new position in shares of Toronto Dominion Bank in the 2nd quarter worth about $8,492,000. Finally, Sax Wealth Advisors LLC bought a new position in shares of Toronto Dominion Bank in the 2nd quarter worth about $224,000. 52.37% of the stock is currently owned by institutional investors.

Toronto Dominion Bank Stock Performance

Shares of TD stock opened at $78.36 on Friday. The company has a 50 day moving average price of $76.35 and a 200-day moving average price of $70.32. Toronto Dominion Bank has a 52 week low of $51.25 and a 52 week high of $82.08. The firm has a market capitalization of $133.28 billion, a PE ratio of 9.15, a P/E/G ratio of 1.64 and a beta of 0.80. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.09.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last announced its quarterly earnings results on Thursday, August 28th. The bank reported $1.91 EPS for the quarter, topping analysts’ consensus estimates of $1.46 by $0.45. Toronto Dominion Bank had a net margin of 16.40% and a return on equity of 13.59%. The firm had revenue of $10.12 billion during the quarter, compared to analyst estimates of $13.73 billion. During the same period in the previous year, the business posted $2.05 earnings per share. The business’s revenue for the quarter was up 7.9% on a year-over-year basis. As a group, equities research analysts expect that Toronto Dominion Bank will post 5.48 earnings per share for the current year.

Toronto Dominion Bank Increases Dividend

The business also recently declared 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 is a boost from Toronto Dominion Bank’s previous quarterly dividend of $0.76. This represents a $4.20 dividend on an annualized basis and a dividend yield of 5.4%. The ex-dividend date is Friday, October 10th. Toronto Dominion Bank’s dividend payout ratio (DPR) is presently 36.10%.

Wall Street Analyst Weigh In

TD has been the subject of several research reports. Zacks Research lowered shares of Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 13th. Wall Street Zen lowered shares of Toronto Dominion Bank from a “hold” rating to a “sell” rating in a research note on Friday, September 26th. Desjardins upgraded shares of Toronto Dominion Bank from a “hold” rating to a “buy” rating in a research note on Wednesday, August 13th. Royal Bank Of Canada upgraded shares of Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a research note on Friday, October 3rd. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Toronto Dominion Bank in a research note on Wednesday. Five equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price 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.