Toronto Dominion Bank (The) $TD Shares Purchased by Intech Investment Management LLC

Intech Investment Management LLC increased its holdings in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 20.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 108,171 shares of the bank’s stock after buying an additional 18,648 shares during the period. Intech Investment Management LLC’s holdings in Toronto Dominion Bank were worth $7,940,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Larson Financial Group LLC grew its stake in shares of Toronto Dominion Bank by 122.9% in the first quarter. Larson Financial Group LLC now owns 428 shares of the bank’s stock worth $26,000 after acquiring an additional 236 shares in the last quarter. Quaker Wealth Management LLC boosted its holdings in Toronto Dominion Bank by 200.0% in the second quarter. Quaker Wealth Management LLC now owns 428 shares of the bank’s stock valued at $31,000 after purchasing an additional 856 shares during the period. Richardson Financial Services Inc. acquired a new position in Toronto Dominion Bank during the 2nd quarter worth $34,000. Tobam increased its holdings in Toronto Dominion Bank by 44.5% during the 2nd quarter. Tobam now owns 490 shares of the bank’s stock worth $36,000 after purchasing an additional 151 shares during the period. Finally, Brentview Investment Management LLC acquired a new stake in Toronto Dominion Bank in the 1st quarter valued at about $40,000. 52.37% of the stock is currently owned by institutional investors and hedge funds.

Toronto Dominion Bank Stock Performance

Shares of Toronto Dominion Bank stock opened at $81.27 on Monday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.09. Toronto Dominion Bank has a 52 week low of $51.25 and a 52 week high of $82.93. The firm’s 50 day moving average is $79.78 and its two-hundred day moving average is $74.25. The firm has a market capitalization of $137.88 billion, a P/E ratio of 9.49, a P/E/G ratio of 1.68 and a beta of 0.79.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last issued its quarterly earnings data on Thursday, August 28th. The bank reported $1.91 earnings per share for the quarter, topping the consensus estimate of $1.46 by $0.45. The business had revenue of $10.12 billion during the quarter, compared to the consensus estimate of $13.73 billion. Toronto Dominion Bank had a net margin of 16.40% and a return on equity of 13.59%. The company’s revenue was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.05 EPS. Research analysts forecast that Toronto Dominion Bank will post 5.48 EPS for the current fiscal year.

Toronto Dominion Bank Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Friday, October 10th were paid a $1.05 dividend. This is a boost from Toronto Dominion Bank’s previous quarterly dividend of $0.76. This represents a $4.20 annualized dividend and a yield of 5.2%. The ex-dividend date was Friday, October 10th. Toronto Dominion Bank’s payout ratio is currently 35.16%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on TD shares. Desjardins raised Toronto Dominion Bank from a “hold” rating to a “buy” rating in a research report on Wednesday, August 13th. Royal Bank Of Canada upgraded shares of Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a research note on Friday, October 3rd. Wall Street Zen upgraded shares of Toronto Dominion Bank from a “sell” rating to a “hold” rating in a report on Saturday. Weiss Ratings restated a “buy (b)” rating on shares of Toronto Dominion Bank in a 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 equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus 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.