Valeo Financial Advisors LLC Takes Position in Toronto Dominion Bank (The) $TD

Valeo Financial Advisors LLC purchased a new stake in Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 3,178 shares of the bank’s stock, valued at approximately $233,000.

Other large investors have also recently bought and sold shares of the company. Larson Financial Group LLC grew its stake in shares of Toronto Dominion Bank by 122.9% during the 1st quarter. Larson Financial Group LLC now owns 428 shares of the bank’s stock worth $26,000 after purchasing an additional 236 shares during the period. Moisand Fitzgerald Tamayo LLC purchased a new stake in Toronto Dominion Bank during the first quarter worth about $32,000. ORG Partners LLC purchased a new stake in Toronto Dominion Bank during the first quarter worth about $34,000. Brentview Investment Management LLC purchased a new stake in Toronto Dominion Bank during the first quarter worth about $40,000. Finally, Colonial Trust Advisors purchased a new stake in Toronto Dominion Bank during the first quarter worth about $44,000. Hedge funds and other institutional investors own 52.37% of the company’s stock.

Analysts Set New Price Targets

TD has been the subject of a number of research reports. Zacks Research downgraded shares of Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 13th. Wall Street Zen downgraded Toronto Dominion Bank from a “hold” rating to a “sell” rating in a research note on Friday, September 26th. Royal Bank Of Canada raised Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a report on Friday, October 3rd. Weiss Ratings reissued a “buy (b)” rating on shares of Toronto Dominion Bank in a report on Wednesday. Finally, Desjardins upgraded shares of Toronto Dominion Bank from a “hold” rating to a “buy” rating in a research report on Wednesday, August 13th. 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 stock. According to data from MarketBeat, Toronto Dominion Bank currently has an average rating of “Hold” and a consensus price target of $93.00.

Toronto Dominion Bank Stock Down 1.8%

Shares of NYSE:TD opened at $78.36 on Friday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.09. Toronto Dominion Bank has a 52-week low of $51.25 and a 52-week high of $82.08. The stock’s fifty day simple moving average is $76.35 and its 200-day simple moving average is $70.32. The company has a market capitalization of $133.28 billion, a P/E ratio of 9.15, a P/E/G ratio of 1.64 and a beta of 0.80.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last announced 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 the consensus estimate of $13.73 billion. During the same quarter in the previous year, the company posted $2.05 EPS. The firm’s revenue for the quarter was up 7.9% on a year-over-year basis. As a group, 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 company also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Friday, October 10th will be given a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a yield of 5.4%. This is an increase from Toronto Dominion Bank’s previous quarterly dividend of $0.76. The ex-dividend date is Friday, October 10th. Toronto Dominion Bank’s dividend payout ratio (DPR) is 36.10%.

About Toronto Dominion Bank

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.