Toronto Dominion Bank (The) $TD Shares Acquired by Vanguard Group Inc.

Vanguard Group Inc. lifted its position in Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 3.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 77,187,442 shares of the bank’s stock after purchasing an additional 2,552,603 shares during the period. Vanguard Group Inc. owned about 4.50% of Toronto Dominion Bank worth $5,677,291,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the company. Tobam increased its holdings in Toronto Dominion Bank by 44.5% in the second quarter. Tobam now owns 490 shares of the bank’s stock valued at $36,000 after buying an additional 151 shares in the last quarter. Balanced Rock Investment Advisors LLC grew its position 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 during the period. Wright Investors Service Inc. increased its stake in shares of Toronto Dominion Bank by 3.1% in the 2nd quarter. Wright Investors Service Inc. now owns 5,827 shares of the bank’s stock valued at $428,000 after purchasing an additional 173 shares in the last quarter. Intrua Financial LLC increased its stake in shares of Toronto Dominion Bank by 2.4% in the 1st quarter. Intrua Financial LLC now owns 7,812 shares of the bank’s stock valued at $468,000 after purchasing an additional 183 shares in the last quarter. Finally, Bridgewater Advisors Inc. raised its holdings in Toronto Dominion Bank by 1.9% in the 2nd quarter. Bridgewater Advisors Inc. now owns 10,994 shares of the bank’s stock worth $808,000 after purchasing an additional 207 shares during the period. 52.37% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. Wall Street Zen raised Toronto Dominion Bank from a “sell” rating to a “hold” rating in a report on Saturday. Weiss Ratings reiterated a “buy (b)” rating on shares of Toronto Dominion Bank in a research report on Wednesday, October 8th. Desjardins raised shares of Toronto Dominion Bank from a “hold” rating to a “buy” rating in a report on Wednesday, August 13th. 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. Finally, Royal Bank Of Canada raised shares of Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a report on Friday, October 3rd. Five analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $93.00.

Toronto Dominion Bank Stock Up 1.0%

Shares of TD opened at $82.26 on Wednesday. The stock has a 50 day moving average price of $80.05 and a 200 day moving average price of $74.51. Toronto Dominion Bank has a one year low of $51.25 and a one year high of $82.93. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.02 and a current ratio of 1.02. The stock has a market capitalization of $138.98 billion, a price-to-earnings ratio of 9.61, a PEG ratio of 1.68 and a beta of 0.79.

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, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $13.73 billion. During the same quarter in the previous year, the company posted $2.05 EPS. The firm’s quarterly revenue was up 7.9% on a year-over-year basis. Equities research analysts forecast that Toronto Dominion Bank will post 5.48 earnings per share 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. Investors of record on Friday, October 10th were given a dividend of $1.05 per share. The ex-dividend date was Friday, October 10th. This is a boost 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%. Toronto Dominion Bank’s dividend payout ratio (DPR) is presently 35.16%.

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.