Andra AP fonden purchased a new position in Toronto Dominion Bank (The) (NYSE:TD – Free Report) (TSE:TD) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 270,579 shares of the bank’s stock, valued at approximately $32,856,000.
Other institutional investors and hedge funds have also bought and sold shares of the company. Cornerstone Financial Management LLC lifted its position in shares of Toronto Dominion Bank by 77.2% in the second quarter. Cornerstone Financial Management LLC now owns 218 shares of the bank’s stock valued at $26,000 after acquiring an additional 95 shares in the last quarter. Main Line Retirement Advisors LLC raised its stake in Toronto Dominion Bank by 0.8% during the first quarter. Main Line Retirement Advisors LLC now owns 12,254 shares of the bank’s stock valued at $1,143,000 after purchasing an additional 102 shares in the last quarter. Chicago Partners Investment Group LLC lifted its holdings in shares of Toronto Dominion Bank by 1.8% in the 1st quarter. Chicago Partners Investment Group LLC now owns 5,735 shares of the bank’s stock valued at $535,000 after acquiring an additional 102 shares during the last quarter. Checchi Capital Advisers LLC lifted its stake in shares of Toronto Dominion Bank by 1.5% in the 1st quarter. Checchi Capital Advisers LLC now owns 7,194 shares of the bank’s stock valued at $671,000 after purchasing an additional 104 shares during the last quarter. Finally, Valmark Advisers Inc. boosted its stake in Toronto Dominion Bank by 0.8% during the first quarter. Valmark Advisers Inc. now owns 16,057 shares of the bank’s stock worth $1,498,000 after buying an additional 122 shares during the period. 52.37% of the stock is owned by institutional investors.
Toronto Dominion Bank Stock Down 1.6%
TD traded down $1.95 on Tuesday, hitting $122.09. The company had a trading volume of 555,967 shares, compared to its average volume of 2,382,181. 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 stock has a market capitalization of $200.81 billion, a price-to-earnings ratio of 18.17, a P/E/G ratio of 1.22 and a beta of 0.73. The stock has a fifty day moving average price of $120.95 and a 200-day moving average price of $112.09. Toronto Dominion Bank has a 12-month low of $77.26 and a 12-month high of $125.46.
Toronto Dominion Bank Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Saturday, October 31st. Investors of record on Friday, October 9th will be issued a dividend of $1.12 per share. The ex-dividend date of this dividend is Friday, October 9th. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.7%. Toronto Dominion Bank’s payout ratio is 46.81%.
Analyst Upgrades and Downgrades
Several research firms have recently weighed in on TD. 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 (b)” rating in a research note on Wednesday, August 5th. Royal Bank Of Canada raised their price objective on Toronto Dominion Bank from $138.00 to $156.00 and gave the stock an “outperform” rating in a report on Monday, June 1st. Finally, Wall Street Zen upgraded Toronto Dominion Bank from a “sell” rating to a “hold” rating in a report on Saturday, August 22nd. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Toronto Dominion Bank has an average rating of “Moderate Buy” and an average price target of $156.00.
Check Out Our Latest Report on Toronto Dominion Bank
About Toronto Dominion Bank
Toronto-Dominion Bank, operating under the TD name, is a Canadian financial services company headquartered in Toronto, Ontario. The bank traces its history to the formation of The Toronto-Dominion Bank in 1955 through the merger of The Bank of Toronto, founded in 1855, and The Dominion Bank, founded in 1869.
TD provides a broad range of banking and financial services to individuals, businesses and institutions. Its offerings include personal and commercial deposit accounts, mortgages, consumer and business lending, credit cards, payment services, investment products, insurance and wealth management.
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