Five Oceans Advisors Grows Stock Holdings in The Toronto-Dominion Bank (NYSE:TD)

Five Oceans Advisors raised its stake in The Toronto-Dominion Bank (NYSE:TDGet Rating) (TSE:TD) by 17.0% in the second quarter, HoldingsChannel reports. The institutional investor owned 4,776 shares of the bank’s stock after buying an additional 694 shares during the quarter. Five Oceans Advisors’ holdings in Toronto-Dominion Bank were worth $313,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Fairfield Bush & CO. purchased a new position in Toronto-Dominion Bank in the 1st quarter valued at approximately $26,000. Jones Financial Companies Lllp acquired a new stake in shares of Toronto-Dominion Bank in the first quarter valued at approximately $38,000. AdvisorNet Financial Inc raised its position in shares of Toronto-Dominion Bank by 55.6% during the 1st quarter. AdvisorNet Financial Inc now owns 557 shares of the bank’s stock worth $44,000 after purchasing an additional 199 shares during the last quarter. Mystic Asset Management Inc. purchased a new stake in Toronto-Dominion Bank in the 4th quarter valued at approximately $46,000. Finally, Citizens National Bank Trust Department acquired a new stake in Toronto-Dominion Bank during the 4th quarter valued at $61,000. 49.10% of the stock is currently owned by institutional investors and hedge funds.

Toronto-Dominion Bank Trading Down 3.0 %

TD stock traded down $1.91 during midday trading on Friday, reaching $61.97. 69,457 shares of the company’s stock traded hands, compared to its average volume of 1,628,664. The Toronto-Dominion Bank has a fifty-two week low of $58.64 and a fifty-two week high of $86.01. The business has a 50-day moving average price of $65.38 and a two-hundred day moving average price of $70.39. The company has a market capitalization of $112.43 billion, a P/E ratio of 10.27, a PEG ratio of 1.44 and a beta of 0.94. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.94 and a quick ratio of 0.94.

Toronto-Dominion Bank (NYSE:TDGet Rating) (TSE:TD) last announced its quarterly earnings results on Thursday, August 25th. The bank reported $1.62 earnings per share for the quarter, topping analysts’ consensus estimates of $1.56 by $0.06. The firm had revenue of $8.49 billion during the quarter, compared to analysts’ expectations of $10.63 billion. Toronto-Dominion Bank had a net margin of 22.93% and a return on equity of 16.09%. During the same period in the prior year, the company earned $1.60 EPS. Equities research analysts forecast that The Toronto-Dominion Bank will post 6.32 EPS for the current fiscal year.

Toronto-Dominion Bank Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, October 31st. Investors of record on Friday, October 7th will be given a dividend of $0.696 per share. The ex-dividend date of this dividend is Thursday, October 6th. This is a positive change from Toronto-Dominion Bank’s previous quarterly dividend of $0.69. This represents a $2.78 annualized dividend and a yield of 4.49%. Toronto-Dominion Bank’s payout ratio is 44.53%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on TD shares. Stifel Nicolaus reduced their price objective on Toronto-Dominion Bank from C$97.00 to C$93.00 in a research report on Wednesday, July 13th. National Bank Financial upped their target price on shares of Toronto-Dominion Bank from C$102.00 to C$106.00 in a report on Friday, August 26th. Canaccord Genuity Group lowered their price target on shares of Toronto-Dominion Bank from C$96.00 to C$94.50 in a report on Monday, August 29th. CIBC reduced their price objective on shares of Toronto-Dominion Bank from C$100.00 to C$97.00 in a research note on Tuesday, August 16th. Finally, Credit Suisse Group raised their target price on shares of Toronto-Dominion Bank from C$94.00 to C$95.00 in a research report on Friday, August 26th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $100.36.

Toronto-Dominion Bank Profile

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The Toronto-Dominion Bank, together with its subsidiaries, provides various financial products and services in Canada, the United States, and internationally. It operates through three segments: Canadian Retail, U.S. Retail, and Wholesale Banking. The company offers personal deposits, such as chequing, savings, and investment products; financing, investment, cash management, international trade, and day-to-day banking services to businesses; and financing options to customers at point of sale for automotive and recreational vehicle purchases.

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Institutional Ownership by Quarter for Toronto-Dominion Bank (NYSE:TD)

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