Waratah Capital Advisors Ltd. Raises Position in Toronto Dominion Bank (The) $TD

Waratah Capital Advisors Ltd. lifted its stake in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 31.9% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 130,683 shares of the bank’s stock after buying an additional 31,590 shares during the quarter. Waratah Capital Advisors Ltd.’s holdings in Toronto Dominion Bank were worth $9,599,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Larson Financial Group LLC raised its stake in shares of Toronto Dominion Bank by 122.9% during the first quarter. Larson Financial Group LLC now owns 428 shares of the bank’s stock valued at $26,000 after purchasing an additional 236 shares during the period. Quaker Wealth Management LLC boosted its stake in shares of 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. purchased a new stake in Toronto Dominion Bank during the 2nd quarter worth $34,000. Tobam lifted its holdings in Toronto Dominion Bank by 44.5% in the 2nd quarter. Tobam now owns 490 shares of the bank’s stock worth $36,000 after buying an additional 151 shares in the last quarter. Finally, Brentview Investment Management LLC purchased a new position in Toronto Dominion Bank in the 1st quarter valued at about $40,000. Hedge funds and other institutional investors own 52.37% of the company’s stock.

Analysts Set New Price Targets

TD has been the topic of several recent analyst reports. Desjardins upgraded Toronto Dominion Bank from a “hold” rating to a “buy” rating in a research note on Wednesday, August 13th. Zacks Research lowered Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 13th. Royal Bank Of Canada upgraded Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a research note on Friday, October 3rd. Weiss Ratings restated a “buy (b)” rating on shares of Toronto Dominion Bank in a research note on Wednesday, October 8th. Finally, Wall Street Zen upgraded shares of Toronto Dominion Bank from a “sell” rating to a “hold” rating in a research note on Saturday. Five investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $93.00.

Toronto Dominion Bank Stock Performance

TD stock opened at $81.27 on Friday. The firm has a market cap 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. The stock’s 50 day simple moving average is $79.78 and its 200 day simple moving average is $74.18. 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 12-month low of $51.25 and a 12-month high of $82.93.

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, beating 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 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 firm earned $2.05 earnings per share. The firm’s revenue for the quarter was up 7.9% compared to the same quarter last year. As a group, equities research analysts predict that Toronto Dominion Bank will post 5.48 EPS for the current year.

Toronto Dominion Bank Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Friday, October 10th were given a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date was Friday, October 10th. This is a positive change from Toronto Dominion Bank’s previous quarterly dividend of $0.76. Toronto Dominion Bank’s payout ratio is currently 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.