Johnson Investment Counsel Inc. Purchases 400 Shares of Toronto Dominion Bank (The) $TD

Johnson Investment Counsel Inc. raised its position in Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 7.1% in the 2nd quarter, Holdings Channel reports. The firm owned 6,035 shares of the bank’s stock after buying an additional 400 shares during the quarter. Johnson Investment Counsel Inc.’s holdings in Toronto Dominion Bank were worth $443,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Goldman Sachs Group Inc. lifted its holdings in shares of Toronto Dominion Bank by 93.9% during the 1st 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 shares of Toronto Dominion Bank by 48.9% during the 1st 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 shares of Toronto Dominion Bank by 81.6% during the 1st 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 shares of Toronto Dominion Bank by 38.6% during the 1st 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 shares of Toronto Dominion Bank by 17.7% during the 1st 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. 52.37% of the stock is owned by institutional investors.

Toronto Dominion Bank Price Performance

TD stock opened at $80.37 on Thursday. The firm’s 50-day moving average price is $76.72 and its two-hundred day moving average price is $70.71. Toronto Dominion Bank has a 12-month low of $51.25 and a 12-month high of $82.08. The stock has a market capitalization of $136.70 billion, a price-to-earnings ratio of 9.39, a PEG ratio of 1.63 and a beta of 0.80. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.09.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last released its quarterly earnings data on Thursday, August 28th. The bank reported $1.91 earnings per share (EPS) for the quarter, beating 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 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 company’s revenue for the quarter was up 7.9% compared to the same quarter last year. As a group, equities analysts predict 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. Investors of record on Friday, October 10th will be given a dividend of $1.05 per share. This is an increase from Toronto Dominion Bank’s previous quarterly dividend of $0.76. This represents a $4.20 annualized dividend and a dividend yield of 5.2%. The ex-dividend date is Friday, October 10th. Toronto Dominion Bank’s dividend payout ratio is presently 35.75%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on TD. Desjardins raised shares of Toronto Dominion Bank from a “hold” rating to a “buy” rating in a report on Wednesday, August 13th. Wall Street Zen downgraded shares of Toronto Dominion Bank from a “hold” rating to a “sell” rating in a report on Friday, September 26th. Zacks Research downgraded shares of Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 13th. 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. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Toronto Dominion Bank in a research note on Wednesday, October 8th. Five equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price 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.