WorthPointe LLC Takes Position in Toronto Dominion Bank (The) $TD

WorthPointe LLC acquired a new stake in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) in the second quarter, Holdings Channel.com reports. The firm acquired 3,062 shares of the bank’s stock, valued at approximately $225,000.

A number of other large investors have also made changes to their positions in the stock. Vanguard Group Inc. raised its position in shares of Toronto Dominion Bank by 0.7% during the first quarter. Vanguard Group Inc. now owns 74,634,839 shares of the bank’s stock valued at $4,472,194,000 after buying an additional 516,288 shares during the last quarter. TD Asset Management Inc raised its position in shares of Toronto Dominion Bank by 0.9% during the second quarter. TD Asset Management Inc now owns 37,365,008 shares of the bank’s stock valued at $2,742,748,000 after buying an additional 329,429 shares during the last quarter. Mackenzie Financial Corp raised its position in shares of Toronto Dominion Bank by 4.5% during the first quarter. Mackenzie Financial Corp now owns 29,252,736 shares of the bank’s stock valued at $1,752,806,000 after buying an additional 1,262,062 shares during the last quarter. Federation des caisses Desjardins du Quebec raised its position in shares of Toronto Dominion Bank by 48.9% during 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 buying an additional 4,853,498 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its position 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 buying an additional 2,057,784 shares during the last quarter. Institutional investors and hedge funds own 52.37% of the company’s stock.

Toronto Dominion Bank Stock Performance

Shares of NYSE:TD opened at $81.95 on Tuesday. The business’s fifty day moving average price is $78.62 and its two-hundred day moving average price is $73.05. Toronto Dominion Bank has a fifty-two week low of $51.25 and a fifty-two week high of $82.88. The stock has a market capitalization of $139.02 billion, a price-to-earnings ratio of 9.57, a price-to-earnings-growth ratio of 1.68 and a beta of 0.80. 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 quarterly earnings results on Thursday, August 28th. The bank reported $1.91 earnings per share for the quarter, beating analysts’ consensus estimates of $1.46 by $0.45. The firm had revenue of $10.12 billion for the quarter, compared to analysts’ expectations of $13.73 billion. Toronto Dominion Bank had a return on equity of 13.59% and a net margin of 16.40%.The business’s revenue was up 7.9% compared to the same quarter last year. During the same period in the prior year, the business posted $2.05 earnings per share. As a group, analysts predict that Toronto Dominion Bank will post 5.48 EPS for the current fiscal year.

Toronto Dominion Bank Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Friday, October 10th were paid a dividend of $1.05 per share. 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 5.1%. The ex-dividend date of this dividend was Friday, October 10th. Toronto Dominion Bank’s payout ratio is currently 35.63%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Zacks Research lowered shares of Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 13th. Wall Street Zen cut shares of Toronto Dominion Bank from a “hold” rating to a “sell” rating in a research note on Friday, September 26th. Royal Bank Of Canada raised shares of Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a research note on Friday, October 3rd. Desjardins raised shares of Toronto Dominion Bank from a “hold” rating to a “buy” rating in a research note on Wednesday, August 13th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Toronto Dominion Bank in a research note on Wednesday, October 8th. Five research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Toronto Dominion Bank has an average rating of “Hold” and a consensus 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.