Toronto Dominion Bank (The) $TD Shares Acquired by Lorne Steinberg Wealth Management Inc.

Lorne Steinberg Wealth Management Inc. boosted its holdings in Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 0.2% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 149,177 shares of the bank’s stock after purchasing an additional 335 shares during the quarter. Toronto Dominion Bank accounts for about 2.9% of Lorne Steinberg Wealth Management Inc.’s portfolio, making the stock its 6th largest holding. Lorne Steinberg Wealth Management Inc.’s holdings in Toronto Dominion Bank were worth $10,980,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Wealth Enhancement Advisory Services LLC raised its position in shares of Toronto Dominion Bank by 5.8% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 17,054 shares of the bank’s stock valued at $1,022,000 after buying an additional 928 shares in the last quarter. Janney Montgomery Scott LLC raised its position in shares of Toronto Dominion Bank by 4.6% in the 1st quarter. Janney Montgomery Scott LLC now owns 29,555 shares of the bank’s stock valued at $1,772,000 after buying an additional 1,308 shares in the last quarter. ORG Partners LLC acquired a new position in shares of Toronto Dominion Bank in the 1st quarter valued at approximately $34,000. Masso Torrence Wealth Management Inc. acquired a new position in shares of Toronto Dominion Bank in the 1st quarter valued at approximately $220,000. Finally, Moisand Fitzgerald Tamayo LLC acquired a new position in shares of Toronto Dominion Bank in the 1st quarter valued at approximately $32,000. Institutional investors and hedge funds own 52.37% of the company’s stock.

Toronto Dominion Bank Price Performance

TD stock opened at $79.28 on Monday. The company has a 50 day simple moving average of $76.96 and a 200 day simple moving average of $71.14. The stock has a market cap of $134.84 billion, a price-to-earnings ratio of 9.26, a P/E/G ratio of 1.62 and a beta of 0.80. 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:TD) (TSE:TD) last posted its earnings results on Thursday, August 28th. The bank reported $1.91 earnings per share for the quarter, topping 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 analyst estimates of $13.73 billion. During the same period in the previous year, the firm posted $2.05 EPS. The company’s revenue for the quarter was up 7.9% compared to the same quarter last year. Research analysts anticipate that Toronto Dominion Bank will post 5.48 EPS for the current fiscal year.

Toronto Dominion Bank Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Friday, October 10th will be issued a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a yield of 5.3%. 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 presently 35.75%.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. 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. Weiss Ratings restated a “buy (b)” rating on shares of Toronto Dominion Bank in a research report on Wednesday, October 8th. 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 upgraded shares of Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a research report on Friday, October 3rd. Finally, Desjardins upgraded shares of Toronto Dominion Bank from a “hold” rating to a “buy” rating in a research report on Wednesday, August 13th. Five analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock 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.