Prime Capital Investment Advisors LLC Invests $223,000 in Toronto Dominion Bank (The) $TD

Prime Capital Investment Advisors LLC acquired a new position in shares of Toronto Dominion Bank (The) (NYSE:TDFree Report) (TSE:TD) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor acquired 3,042 shares of the bank’s stock, valued at approximately $223,000.

Several other large investors also recently modified their holdings of the company. Valeo Financial Advisors LLC acquired a new stake in shares of Toronto Dominion Bank during the second quarter worth $233,000. Grimes & Company Inc. grew its holdings in Toronto Dominion Bank by 1.2% in the second quarter. Grimes & Company Inc. now owns 33,674 shares of the bank’s stock worth $2,473,000 after purchasing an additional 401 shares during the period. Simplicity Wealth LLC bought a new stake in Toronto Dominion Bank in the second quarter valued at $415,000. Boston Common Asset Management LLC bought a new stake in Toronto Dominion Bank in the second quarter valued at $360,000. Finally, Clarius Group LLC acquired a new position in shares of Toronto Dominion Bank during the second quarter valued at about $209,000. 52.37% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TD has been the subject of several research reports. Wall Street Zen downgraded Toronto Dominion Bank from a “hold” rating to a “sell” rating in a research note on Friday, September 26th. Desjardins upgraded Toronto Dominion Bank from a “hold” rating to a “buy” rating in a research note on Wednesday, August 13th. Weiss Ratings restated a “buy (b)” rating on shares of Toronto Dominion Bank in a research note on Wednesday, October 8th. Royal Bank Of Canada upgraded Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a research note on Friday, October 3rd. Finally, Zacks Research downgraded Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 13th. Five equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $93.00.

Get Our Latest Stock Analysis on TD

Toronto Dominion Bank Stock Down 1.8%

Shares of NYSE TD opened at $78.36 on Monday. The stock has a market capitalization of $133.28 billion, a P/E ratio of 9.15, a P/E/G ratio of 1.60 and a beta of 0.80. The company has a 50-day moving average price of $76.35 and a 200-day moving average price of $70.45. Toronto Dominion Bank has a 1 year low of $51.25 and a 1 year high of $82.08. 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:TDGet Free Report) (TSE:TD) last issued 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. The firm had revenue of $10.12 billion during the quarter, compared to analysts’ expectations of $13.73 billion. Toronto Dominion Bank had a net margin of 16.40% and a return on equity of 13.59%. The business’s revenue was up 7.9% on a year-over-year basis. During the same period last year, the company earned $2.05 earnings per share. On average, equities research analysts forecast that Toronto Dominion Bank will post 5.48 EPS for the current fiscal year.

Toronto Dominion Bank Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Friday, October 10th will be issued a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a yield of 5.4%. This is a boost from Toronto Dominion Bank’s previous quarterly dividend of $0.76. The ex-dividend date is Friday, October 10th. Toronto Dominion Bank’s dividend payout ratio is presently 35.75%.

Toronto Dominion Bank Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Toronto Dominion Bank (NYSE:TD)

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