Atria Wealth Solutions Inc. Invests $233,000 in Toronto Dominion Bank (The) $TD

Atria Wealth Solutions Inc. bought a new position in Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 3,171 shares of the bank’s stock, valued at approximately $233,000.

A number of other large investors have also recently bought and sold shares of TD. Goldman Sachs Group Inc. lifted its holdings 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 worth $732,252,000 after acquiring an additional 5,917,078 shares during the last quarter. Federation des caisses Desjardins du Quebec lifted its holdings 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 worth $886,174,000 after acquiring an additional 4,853,498 shares during the last quarter. Canada Pension Plan Investment Board lifted its holdings 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 worth $630,746,000 after acquiring an additional 4,729,657 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings 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 worth $599,064,000 after acquiring an additional 2,780,984 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its holdings in Toronto Dominion Bank by 17.7% in the first quarter. The Manufacturers Life Insurance Company now owns 13,700,503 shares of the bank’s stock worth $825,440,000 after acquiring an additional 2,057,784 shares during the last quarter. Institutional investors own 52.37% of the company’s stock.

Analysts Set New Price Targets

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

Toronto Dominion Bank Price Performance

Shares of NYSE:TD opened at $80.87 on Thursday. Toronto Dominion Bank has a 12 month low of $51.25 and a 12 month high of $82.08. The stock has a market cap of $137.54 billion, a price-to-earnings ratio of 9.45, a PEG ratio of 1.65 and a beta of 0.80. The stock’s 50 day moving average price is $77.37 and its 200 day moving average price is $71.43. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.02 and a quick ratio of 1.02.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last announced its earnings results 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 analysts’ expectations of $13.73 billion. During the same quarter in the previous year, the company earned $2.05 earnings per share. The firm’s quarterly revenue was up 7.9% compared to the same quarter last year. Equities research analysts anticipate that Toronto Dominion Bank will post 5.48 earnings per share for the current fiscal year.

Toronto Dominion Bank Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Friday, October 10th will be issued a dividend of $1.05 per share. The ex-dividend date of this dividend is Friday, October 10th. This is a positive change from Toronto Dominion Bank’s previous quarterly dividend of $0.76. This represents a $4.20 annualized dividend and a yield of 5.2%. Toronto Dominion Bank’s dividend payout ratio is presently 35.75%.

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.