Stratos Wealth Partners LTD. raised its stake in Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 3.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 23,048 shares of the bank’s stock after buying an additional 727 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in Toronto-Dominion Bank were worth $1,028,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently made changes to their positions in TD. Watson Rebecca bought a new stake in shares of Toronto-Dominion Bank in the second quarter worth $30,000. Citizens Financial Group Inc RI bought a new stake in shares of Toronto-Dominion Bank in the first quarter worth $31,000. Carroll Financial Associates Inc. lifted its position in shares of Toronto-Dominion Bank by 471.3% in the first quarter. Carroll Financial Associates Inc. now owns 777 shares of the bank’s stock worth $32,000 after purchasing an additional 641 shares in the last quarter. Balentine LLC bought a new stake in shares of Toronto-Dominion Bank in the first quarter worth $33,000. Finally, Fifth Third Bancorp lifted its position in shares of Toronto-Dominion Bank by 39.0% in the first quarter. Fifth Third Bancorp now owns 891 shares of the bank’s stock worth $38,000 after purchasing an additional 250 shares in the last quarter. 47.89% of the stock is currently owned by hedge funds and other institutional investors.
TD stock opened at $44.28 on Friday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.98 and a current ratio of 0.98. The company’s 50-day simple moving average is $44.95 and its 200 day simple moving average is $46.29. Toronto-Dominion Bank has a 52 week low of $33.74 and a 52 week high of $58.81. The company has a market capitalization of $79.81 billion, a PE ratio of 10.00, a price-to-earnings-growth ratio of 1.80 and a beta of 0.86.
Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last released its quarterly earnings results on Thursday, May 28th. The bank reported $0.85 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.25. Toronto-Dominion Bank had a net margin of 18.30% and a return on equity of 13.24%. The business had revenue of $10.53 billion for the quarter, compared to the consensus estimate of $9.82 billion. During the same period in the prior year, the company posted $1.75 earnings per share. Toronto-Dominion Bank’s revenue was up 2.9% compared to the same quarter last year. On average, analysts forecast that Toronto-Dominion Bank will post 3.52 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Friday, July 10th were paid a $0.567 dividend. The ex-dividend date of this dividend was Thursday, July 9th. This represents a $2.27 annualized dividend and a dividend yield of 5.12%. Toronto-Dominion Bank’s dividend payout ratio (DPR) is presently 46.32%.
A number of analysts have recently commented on TD shares. Bank of America boosted their price objective on shares of Toronto-Dominion Bank from $43.00 to $61.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 13th. CIBC assumed coverage on shares of Toronto-Dominion Bank in a research report on Friday, July 24th. They set a “neutral” rating on the stock. Wolfe Research lowered shares of Toronto-Dominion Bank from an “outperform” rating to an “underperform” rating in a research report on Monday, June 8th. Zacks Investment Research raised shares of Toronto-Dominion Bank from a “hold” rating to a “buy” rating and set a $50.00 price target on the stock in a research report on Wednesday. Finally, Barclays dropped their price target on shares of Toronto-Dominion Bank from $62.00 to $60.00 and set an “overweight” rating on the stock in a research report on Monday, May 11th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $71.62.
About Toronto-Dominion Bank
The Toronto-Dominion Bank, together with its subsidiaries, provides various personal and commercial banking products and services in Canada and the United States. The company operates through three segments: Canadian Retail, U.S. Retail, and Wholesale Banking. It offers personal deposits, such as checking, savings, and investment products; financing, investment, cash management, international trade, and day-to-day banking services to businesses; financing options to customers at point of sale for automotive and recreational vehicle purchases through auto dealer network; credit cards; investing, advice-based, and asset management services to retail and institutional clients; and property and casualty insurance, as well as life and health insurance products.
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