Toronto Dominion Bank (The) $TD Shares Acquired by NewSquare Capital LLC

NewSquare Capital LLC lifted its stake in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 4.6% during the second quarter, HoldingsChannel.com reports. The firm owned 127,916 shares of the bank’s stock after purchasing an additional 5,647 shares during the period. NewSquare Capital LLC’s holdings in Toronto Dominion Bank were worth $9,267,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. boosted its position in shares of Toronto Dominion Bank by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 74,634,839 shares of the bank’s stock worth $4,472,194,000 after buying an additional 516,288 shares in the last quarter. TD Asset Management Inc boosted its position in shares of Toronto Dominion Bank by 0.9% in the 2nd quarter. TD Asset Management Inc now owns 37,365,008 shares of the bank’s stock worth $2,742,748,000 after buying an additional 329,429 shares in the last quarter. Mackenzie Financial Corp boosted its position in shares of Toronto Dominion Bank by 4.5% in 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 boosted its position in shares of Toronto Dominion Bank by 48.9% in 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 boosted its position in shares of Toronto Dominion Bank by 17.7% in 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. 52.37% of the stock is owned by institutional investors and hedge funds.

Toronto Dominion Bank Trading Down 0.2%

NYSE TD opened at $81.95 on Tuesday. Toronto Dominion Bank has a 12 month low of $51.25 and a 12 month high of $82.88. The company has a 50-day moving average of $78.62 and a 200-day moving average of $73.05. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.02 and a quick ratio of 1.02. The company has a market cap of $139.02 billion, a P/E ratio of 9.57, a P/E/G ratio of 1.68 and a beta of 0.80.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last posted its quarterly earnings data on Thursday, August 28th. The bank reported $1.91 EPS for the quarter, beating 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 company had revenue of $10.12 billion during the quarter, compared to the consensus estimate of $13.73 billion. During the same quarter in the prior year, the company posted $2.05 EPS. The company’s quarterly revenue was up 7.9% compared to the same quarter last year. As a group, equities analysts predict that Toronto Dominion Bank will post 5.48 earnings per share for the current year.

Toronto Dominion Bank Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Friday, October 10th were paid a dividend of $1.05 per share. The ex-dividend date of this dividend was Friday, October 10th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 5.1%. This is an increase from Toronto Dominion Bank’s previous quarterly dividend of $0.76. Toronto Dominion Bank’s dividend payout ratio is currently 35.63%.

Analysts Set New Price Targets

Several equities research analysts recently commented on TD shares. Wall Street Zen lowered shares of Toronto Dominion Bank from a “hold” rating to a “sell” rating in a research report on Friday, September 26th. Weiss Ratings restated a “buy (b)” rating on shares of Toronto Dominion Bank in a report on Wednesday, October 8th. Desjardins upgraded shares of Toronto Dominion Bank from a “hold” rating to a “buy” rating in a report on Wednesday, August 13th. Zacks Research lowered shares of Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 13th. Finally, Royal Bank Of Canada upgraded shares of Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a report on Friday, October 3rd. Five equities research 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. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $93.00.

Toronto Dominion Bank Company 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.