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

Truist Financial Corp raised its stake in Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 6.6% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 17,159 shares of the bank’s stock after purchasing an additional 1,059 shares during the quarter. Truist Financial Corp’s holdings in Toronto Dominion Bank were worth $1,260,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TD. Goldman Sachs Group Inc. lifted its position in Toronto Dominion Bank by 93.9% in the first quarter. Goldman Sachs Group Inc. now owns 12,216,411 shares of the bank’s stock valued at $732,252,000 after purchasing an additional 5,917,078 shares during the last quarter. Federation des caisses Desjardins du Quebec lifted its position in Toronto Dominion Bank by 48.9% in the first quarter. Federation des caisses Desjardins du Quebec now owns 14,785,565 shares of the bank’s stock valued at $886,174,000 after purchasing an additional 4,853,498 shares during the last quarter. Canada Pension Plan Investment Board lifted its position in Toronto Dominion Bank by 81.6% in the first quarter. Canada Pension Plan Investment Board now owns 10,524,446 shares of the bank’s stock valued at $630,746,000 after purchasing an additional 4,729,657 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Toronto Dominion Bank by 38.6% in the first quarter. JPMorgan Chase & Co. now owns 9,994,402 shares of the bank’s stock valued at $599,064,000 after purchasing an additional 2,780,984 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its holdings in shares of Toronto Dominion Bank by 17.7% during the first quarter. The Manufacturers Life Insurance Company now owns 13,700,503 shares of the bank’s stock valued at $825,440,000 after acquiring an additional 2,057,784 shares in the last quarter. Institutional investors own 52.37% of the company’s stock.

Toronto Dominion Bank Price Performance

TD opened at $78.36 on Monday. The stock has a fifty day simple moving average of $76.35 and a two-hundred day simple moving average of $70.45. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.09. The company has a market cap of $133.28 billion, a price-to-earnings ratio of 9.15, a price-to-earnings-growth ratio of 1.60 and a beta of 0.80. Toronto Dominion Bank has a 12-month low of $51.25 and a 12-month 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 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.46 by $0.45. The business had revenue of $10.12 billion during the quarter, compared to the consensus estimate of $13.73 billion. Toronto Dominion Bank had a return on equity of 13.59% and a net margin of 16.40%.The firm’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.05 earnings per share. Research analysts predict that Toronto Dominion Bank will post 5.48 earnings per share for the current fiscal 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 issued a dividend of $1.05 per share. The ex-dividend date is Friday, October 10th. 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 5.4%. Toronto Dominion Bank’s dividend payout ratio is 35.75%.

Analysts Set New Price Targets

TD has been the subject of a number of recent analyst reports. Wall Street Zen downgraded Toronto Dominion Bank from a “hold” rating to a “sell” rating in a report on Friday, September 26th. Desjardins upgraded Toronto Dominion Bank from a “hold” rating to a “buy” rating in a report on Wednesday, August 13th. Zacks Research downgraded Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 13th. Royal Bank Of Canada upgraded Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a report on Friday, October 3rd. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Toronto Dominion Bank in a report on Wednesday, October 8th. Five analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $93.00.

About Toronto Dominion Bank

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.