Frank Rimerman Advisors LLC Increases Stock Position in Toronto Dominion Bank (The) $TD

Frank Rimerman Advisors LLC increased its holdings in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 117.6% during the 2nd quarter, HoldingsChannel reports. The fund owned 11,848 shares of the bank’s stock after buying an additional 6,402 shares during the period. Frank Rimerman Advisors LLC’s holdings in Toronto Dominion Bank were worth $870,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. Goldman Sachs Group Inc. grew its position in Toronto Dominion Bank by 93.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 12,216,411 shares of the bank’s stock valued at $732,252,000 after purchasing an additional 5,917,078 shares during the last quarter. Federation des caisses Desjardins du Quebec grew its position in Toronto Dominion Bank by 48.9% in the 1st quarter. Federation des caisses Desjardins du Quebec now owns 14,785,565 shares of the bank’s stock worth $886,174,000 after purchasing an additional 4,853,498 shares during the period. Canada Pension Plan Investment Board grew its holdings in shares of Toronto Dominion Bank by 81.6% in the first quarter. Canada Pension Plan Investment Board now owns 10,524,446 shares of the bank’s stock worth $630,746,000 after acquiring an additional 4,729,657 shares during the period. JPMorgan Chase & Co. increased its position in shares of Toronto Dominion Bank by 38.6% during the 1st quarter. JPMorgan Chase & Co. now owns 9,994,402 shares of the bank’s stock valued at $599,064,000 after purchasing an additional 2,780,984 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in Toronto Dominion Bank by 20.1% in the second quarter. Geode Capital Management LLC now owns 14,147,217 shares of the bank’s stock worth $1,053,292,000 after acquiring an additional 2,366,324 shares during the period. 52.37% of the stock is owned by hedge funds and other institutional investors.

Toronto Dominion Bank Price Performance

TD opened at $82.26 on Wednesday. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.09. The company 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. The business’s fifty day simple moving average is $80.05 and its 200-day simple moving average is $74.51. 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 posted its quarterly earnings results on Thursday, August 28th. The bank reported $1.91 EPS for the quarter, beating the consensus estimate of $1.46 by $0.45. The business had revenue of $10.12 billion during the quarter, compared to analyst estimates 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 quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.05 EPS. On average, equities research analysts anticipate that Toronto Dominion Bank will post 5.48 earnings per share for the current fiscal year.

Toronto Dominion Bank Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Friday, October 10th were issued a $1.05 dividend. 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%. The ex-dividend date was Friday, October 10th. Toronto Dominion Bank’s dividend payout ratio is presently 35.16%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. 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 upgraded Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a research report on Friday, October 3rd. Wall Street Zen upgraded shares of Toronto Dominion Bank from a “sell” rating to a “hold” rating in a research report on Saturday. Weiss Ratings restated a “buy (b)” rating on shares of Toronto Dominion Bank in a research report on Wednesday, October 8th. Finally, Zacks Research lowered shares of Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 13th. Five research 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 company currently has a consensus rating of “Hold” and an average price target of $93.00.

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.