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

Johnson Investment Counsel Inc. boosted its holdings in Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 7.1% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 6,035 shares of the bank’s stock after acquiring 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 quarter.

Several other large investors have also added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in Toronto Dominion Bank by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 74,634,839 shares of the bank’s stock valued at $4,472,194,000 after acquiring an additional 516,288 shares in the last quarter. TD Asset Management Inc lifted its position in shares of Toronto Dominion Bank by 0.4% during the 1st quarter. TD Asset Management Inc now owns 37,035,579 shares of the bank’s stock worth $2,218,918,000 after buying an additional 162,563 shares in the last quarter. Mackenzie Financial Corp lifted its position in shares of Toronto Dominion Bank by 4.5% during the 1st quarter. Mackenzie Financial Corp now owns 29,252,736 shares of the bank’s stock worth $1,752,806,000 after buying an additional 1,262,062 shares in the last quarter. Federation des caisses Desjardins du Quebec lifted its position 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 buying an additional 4,853,498 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its position 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 buying an additional 2,057,784 shares in the last quarter. Institutional investors own 52.37% of the company’s stock.

Toronto Dominion Bank Stock Up 1.2%

Toronto Dominion Bank stock opened at $80.37 on Thursday. Toronto Dominion Bank has a 1-year low of $51.25 and a 1-year high of $82.08. The firm has a market capitalization of $136.70 billion, a price-to-earnings ratio of 9.39, a P/E/G 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. The firm has a 50 day simple moving average of $76.72 and a 200 day simple moving average of $70.71.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last announced its quarterly earnings results on Thursday, August 28th. The bank reported $1.91 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $13.73 billion. During the same period last year, the firm earned $2.05 EPS. The business’s quarterly revenue was up 7.9% compared to the same quarter last year. On average, analysts predict that Toronto Dominion Bank will post 5.48 earnings per share for the current year.

Toronto Dominion Bank Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Friday, October 10th will be issued a $1.05 dividend. This represents a $4.20 annualized dividend and a yield of 5.2%. The ex-dividend date of this dividend is Friday, October 10th. This is a positive change from Toronto Dominion Bank’s previous quarterly dividend of $0.76. Toronto Dominion Bank’s payout ratio is 35.75%.

Analysts Set New Price Targets

Several equities analysts have commented on TD shares. Wall Street Zen cut shares of Toronto Dominion Bank from a “hold” rating to a “sell” rating in a research report on Friday, September 26th. Royal Bank Of Canada raised shares of Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a research report on Friday, October 3rd. Desjardins raised shares of Toronto Dominion Bank from a “hold” rating to a “buy” rating in a research report on Wednesday, August 13th. Weiss Ratings reissued a “buy (b)” rating on shares of Toronto Dominion Bank in a research report on Wednesday, October 8th. Finally, Zacks Research cut shares of Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 13th. Five investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target 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.