Linden Thomas Advisory Services LLC Acquires 715 Shares of Toronto Dominion Bank (The) $TD

Linden Thomas Advisory Services LLC lifted its holdings in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 9.1% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 8,562 shares of the bank’s stock after purchasing an additional 715 shares during the period. Linden Thomas Advisory Services LLC’s holdings in Toronto Dominion Bank were worth $629,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Triasima Portfolio Management inc. bought a new stake in shares of Toronto Dominion Bank during the second quarter worth $8,492,000. Oppenheimer & Co. Inc. grew its holdings in shares of Toronto Dominion Bank by 144.6% during the first quarter. Oppenheimer & Co. Inc. now owns 11,532 shares of the bank’s stock worth $691,000 after purchasing an additional 6,818 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its holdings in shares of Toronto Dominion Bank by 41.9% during the first quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 4,407,273 shares of the bank’s stock worth $264,134,000 after purchasing an additional 1,302,281 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Toronto Dominion Bank by 38.6% during the first quarter. JPMorgan Chase & Co. now owns 9,994,402 shares of the bank’s stock worth $599,064,000 after purchasing an additional 2,780,984 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of Toronto Dominion Bank by 7.0% during the first quarter. Bank of New York Mellon Corp now owns 1,606,446 shares of the bank’s stock worth $96,290,000 after purchasing an additional 104,864 shares during the last quarter. Institutional investors own 52.37% of the company’s stock.

Toronto Dominion Bank Stock Up 0.8%

Shares of Toronto Dominion Bank stock opened at $81.62 on Tuesday. The business’s 50 day simple moving average is $77.79 and its 200 day simple moving average is $72.15. Toronto Dominion Bank has a 52-week low of $51.25 and a 52-week high of $82.08. The firm has a market cap of $138.81 billion, a PE ratio of 9.53, a P/E/G ratio of 1.66 and a beta of 0.80. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.02 and a current ratio of 1.02.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last announced its earnings results 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. Toronto Dominion Bank had a return on equity of 13.59% and a net margin of 16.40%.The business had revenue of $10.12 billion for the quarter, compared to analyst estimates of $13.73 billion. During the same quarter last year, the firm earned $2.05 EPS. Toronto Dominion Bank’s revenue for the quarter 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 fiscal year.

Toronto Dominion Bank Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Friday, October 10th will be paid a $1.05 dividend. This is a positive change from Toronto Dominion Bank’s previous quarterly dividend of $0.76. This represents a $4.20 dividend on an annualized basis and a yield of 5.1%. The ex-dividend date is Friday, October 10th. Toronto Dominion Bank’s dividend payout ratio is 35.75%.

Analyst Ratings Changes

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

Toronto Dominion Bank Profile

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.