CenterBook Partners LP raised its position in Toronto Dominion Bank (The) (NYSE:TD – Free Report) (TSE:TD) by 103.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,257 shares of the bank’s stock after acquiring an additional 7,747 shares during the period. CenterBook Partners LP’s holdings in Toronto Dominion Bank were worth $1,793,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also added to or reduced their stakes in the business. Heritage Family Offices LLP acquired a new position in Toronto Dominion Bank during the 3rd quarter valued at approximately $35,000. Kestra Advisory Services LLC lifted its position in Toronto Dominion Bank by 8.8% during the third quarter. Kestra Advisory Services LLC now owns 26,809 shares of the bank’s stock valued at $3,151,000 after purchasing an additional 2,170 shares during the period. Commonwealth Equity Services LLC boosted its holdings in Toronto Dominion Bank by 0.5% in the third quarter. Commonwealth Equity Services LLC now owns 85,741 shares of the bank’s stock valued at $10,077,000 after purchasing an additional 403 shares during the last quarter. Chicago Partners Investment Group LLC grew its position in Toronto Dominion Bank by 6.4% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 6,320 shares of the bank’s stock worth $788,000 after purchasing an additional 378 shares during the period. Finally, Compass Financial Management LLC acquired a new stake in Toronto Dominion Bank during the third quarter worth about $2,566,000. Institutional investors and hedge funds own 52.37% of the company’s stock.
Wall Street Analyst Weigh In
Several research analysts recently weighed in on TD shares. Keefe, Bruyette & Woods initiated coverage on Toronto Dominion Bank in a research report on Friday, August 21st. They set a “market perform” rating for the company. Weiss Ratings raised Toronto Dominion Bank from a “buy (b+)” rating to a “buy (a-)” rating in a report on Wednesday, October 21st. Finally, Wall Street Zen upgraded Toronto Dominion Bank from a “sell” rating to a “hold” rating in a research report on Saturday, August 22nd. Two investment analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Toronto Dominion Bank has an average rating of “Moderate Buy” and a consensus price target of $148.00.
Read Our Latest Research Report on Toronto Dominion Bank
Toronto Dominion Bank Stock Down 0.0%
TD stock opened at $122.35 on Monday. The firm has a market cap of $199.34 billion, a PE ratio of 18.18, a P/E/G ratio of 1.12 and a beta of 0.72. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.03 and a current ratio of 1.03. The firm’s fifty day moving average is $121.09 and its 200 day moving average is $111.23. Toronto Dominion Bank has a one year low of $79.74 and a one year high of $128.79.
Toronto Dominion Bank (NYSE:TD – Get Free Report) (TSE:TD) last issued its quarterly earnings data on Thursday, August 27th. The bank reported $1.98 earnings per share for the quarter, topping analysts’ consensus estimates of $1.74 by $0.24. The business had revenue of $12.07 billion during the quarter, compared to the consensus estimate of $10.70 billion. Toronto Dominion Bank had a net margin of 14.41% and a return on equity of 14.88%. The company’s revenue was up 6.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.20 earnings per share. On average, research analysts forecast that Toronto Dominion Bank will post 7.04 EPS for the current year.
Toronto Dominion Bank Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Saturday, October 31st. Stockholders of record on Friday, October 9th were given a dividend of C$1.12 per share. The ex-dividend date was Friday, October 9th. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.7%. Toronto Dominion Bank’s dividend payout ratio (DPR) is 46.66%.
Toronto Dominion Bank declared that its board has authorized a share repurchase program on Wednesday, September 30th that allows the company to repurchase $7.14 billion in outstanding shares. This repurchase authorization allows the bank to purchase up to 3.5% of its stock through open market purchases. Share repurchase programs are often an indication that the company’s board of directors believes its shares are undervalued.
Toronto Dominion Bank Company Profile
The Toronto-Dominion Bank, commonly known as TD Bank Group, is a Canadian financial services company serving personal, business, corporate and institutional clients. Its services include everyday banking, deposits, mortgages and other lending, credit cards, wealth management, insurance and capital markets services.
TD operates primarily in Canada and the United States through businesses that include TD Canada Trust, TD Bank and TD Securities. It also provides investment and wealth-management services through its TD Wealth businesses.
The bank traces its history to the Bank of Toronto, founded in 1855.
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