Trust Co. of Vermont Purchases Shares of 51,986 Toronto Dominion Bank (The) $TD

Trust Co. of Vermont purchased a new position in Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) during the 2nd quarter, Holdings Channel reports. The firm purchased 51,986 shares of the bank’s stock, valued at approximately $6,313,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. AQR Capital Management LLC acquired a new position in shares of Toronto Dominion Bank during the first quarter valued at about $568,000. Focus Partners Wealth grew its position in Toronto Dominion Bank by 27.7% during the first quarter. Focus Partners Wealth now owns 24,970 shares of the bank’s stock worth $1,497,000 after buying an additional 5,410 shares in the last quarter. Sivia Capital Partners LLC acquired a new stake in Toronto Dominion Bank during the second quarter worth about $259,000. Cresset Asset Management LLC bought a new position in Toronto Dominion Bank during the second quarter valued at about $211,000. Finally, NewEdge Advisors LLC increased its stake in Toronto Dominion Bank by 25.3% during the second quarter. NewEdge Advisors LLC now owns 8,039 shares of the bank’s stock valued at $590,000 after acquiring an additional 1,622 shares during the period. Institutional investors own 52.37% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on TD shares. Zacks Research downgraded Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Royal Bank Of Canada boosted their price objective on Toronto Dominion Bank from $138.00 to $156.00 and gave the company an “outperform” rating in a research report on Monday, June 1st. Scotiabank upgraded Toronto Dominion Bank from a “sector perform” rating to a “sector outperform” rating in a research note on Monday, May 4th. Wall Street Zen cut Toronto Dominion Bank from a “hold” rating to a “sell” rating in a research report on Saturday, May 23rd. Finally, Raymond James Financial upgraded shares of Toronto Dominion Bank from a “market perform” rating to an “outperform” rating in a research note on Tuesday, May 12th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Toronto Dominion Bank has an average rating of “Moderate Buy” and an average target price of $156.00.

Toronto Dominion Bank Stock Performance

NYSE:TD opened at $124.36 on Tuesday. Toronto Dominion Bank has a 12-month low of $72.73 and a 12-month high of $125.47. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.09. The firm has a market capitalization of $204.55 billion, a PE ratio of 19.40, a price-to-earnings-growth ratio of 1.38 and a beta of 0.72. The firm has a 50-day moving average price of $120.25 and a 200 day moving average price of $107.80.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last announced its quarterly earnings results on Thursday, May 28th. The bank reported $1.74 EPS for the quarter, topping analysts’ consensus estimates of $1.63 by $0.11. The firm had revenue of $11.80 billion during the quarter, compared to analysts’ expectations of $11.04 billion. Toronto Dominion Bank had a net margin of 13.20% and a return on equity of 14.83%. The company’s revenue for the quarter was down 31.1% compared to the same quarter last year. During the same quarter last year, the company earned $1.97 earnings per share. Research analysts anticipate that Toronto Dominion Bank will post 6.9 earnings per share for the current fiscal year.

Toronto Dominion Bank Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Friday, July 10th were given a dividend of $1.12 per share. This is a boost from Toronto Dominion Bank’s previous quarterly dividend of $1.08. The ex-dividend date was Friday, July 10th. This represents a $4.48 annualized dividend and a dividend yield of 3.6%. Toronto Dominion Bank’s dividend payout ratio is 49.14%.

About Toronto Dominion Bank

Toronto-Dominion Bank (TD) is a Canadian multinational banking and financial services company headquartered in Toronto, Ontario. Formed through the 1955 merger of the Bank of Toronto (founded 1855) and the Dominion Bank (founded 1869), TD is one of Canada’s largest banks and offers a broad range of financial products and services to individual, small business, commercial and institutional clients.

TD’s core businesses include Canadian and U.S. personal and commercial banking, wealth management, wholesale banking and insurance.