WorthPointe LLC Buys Shares of 3,062 Toronto Dominion Bank (The) $TD

WorthPointe LLC purchased a new stake in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 3,062 shares of the bank’s stock, valued at approximately $225,000.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Balanced Rock Investment Advisors LLC grew its holdings in shares of Toronto Dominion Bank by 1.1% during the 1st quarter. Balanced Rock Investment Advisors LLC now owns 14,983 shares of the bank’s stock valued at $898,000 after acquiring an additional 163 shares in the last quarter. Wright Investors Service Inc. grew its holdings in shares of Toronto Dominion Bank by 3.1% during the 2nd quarter. Wright Investors Service Inc. now owns 5,827 shares of the bank’s stock valued at $428,000 after acquiring an additional 173 shares in the last quarter. Intrua Financial LLC grew its holdings in shares of Toronto Dominion Bank by 2.4% during the 1st quarter. Intrua Financial LLC now owns 7,812 shares of the bank’s stock valued at $468,000 after acquiring an additional 183 shares in the last quarter. Hexagon Capital Partners LLC grew its holdings in shares of Toronto Dominion Bank by 14.5% during the 1st quarter. Hexagon Capital Partners LLC now owns 1,500 shares of the bank’s stock valued at $90,000 after acquiring an additional 190 shares in the last quarter. Finally, Bridgewater Advisors Inc. grew its stake in shares of Toronto Dominion Bank by 1.9% in the 2nd quarter. Bridgewater Advisors Inc. now owns 10,994 shares of the bank’s stock valued at $808,000 after buying an additional 207 shares in the last quarter. 52.37% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Zacks Research cut Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 13th. Desjardins raised Toronto Dominion Bank from a “hold” rating to a “buy” rating in a research note on Wednesday, August 13th. 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. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Toronto Dominion Bank in a research note on Wednesday, October 8th. Finally, Wall Street Zen lowered shares of Toronto Dominion Bank from a “hold” rating to a “sell” rating in a research note on Friday, September 26th. 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. Based on data from MarketBeat, Toronto Dominion Bank has an average rating of “Hold” and a consensus target price of $93.00.

Toronto Dominion Bank Stock Down 0.2%

TD stock opened at $81.95 on Tuesday. The firm has a market cap of $139.02 billion, a PE ratio of 9.57, a PEG ratio of 1.68 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. Toronto Dominion Bank has a 1 year low of $51.25 and a 1 year high of $82.88. The company has a fifty day simple moving average of $78.62 and a 200 day simple moving average of $73.05.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last released 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 during the quarter, compared to analyst estimates of $13.73 billion. During the same quarter in the previous year, the business earned $2.05 EPS. The business’s revenue was up 7.9% on a year-over-year basis. Sell-side 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 declared a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Friday, October 10th were issued a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a dividend yield of 5.1%. This is a boost from Toronto Dominion Bank’s previous quarterly dividend of $0.76. The ex-dividend date was Friday, October 10th. Toronto Dominion Bank’s dividend payout ratio is presently 35.63%.

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.