Keystone Financial Planning Inc. Acquires 181 Shares of Toronto Dominion Bank (The) $TD

Keystone Financial Planning Inc. grew its holdings in Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 0.2% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 118,799 shares of the bank’s stock after buying an additional 181 shares during the quarter. Toronto Dominion Bank comprises approximately 2.6% of Keystone Financial Planning Inc.’s portfolio, making the stock its 6th largest holding. Keystone Financial Planning Inc.’s holdings in Toronto Dominion Bank were worth $8,726,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its position in Toronto Dominion Bank by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 74,634,839 shares of the bank’s stock worth $4,472,194,000 after buying an additional 516,288 shares in the last quarter. TD Asset Management Inc raised its stake in shares of Toronto Dominion Bank by 0.9% in the second quarter. TD Asset Management Inc now owns 37,365,008 shares of the bank’s stock worth $2,742,748,000 after acquiring an additional 329,429 shares during the last quarter. Mackenzie Financial Corp lifted its position in shares of Toronto Dominion Bank by 4.5% during the first quarter. Mackenzie Financial Corp now owns 29,252,736 shares of the bank’s stock worth $1,752,806,000 after purchasing an additional 1,262,062 shares in the last quarter. Federation des caisses Desjardins du Quebec grew its stake in shares of Toronto Dominion Bank by 48.9% during the first quarter. Federation des caisses Desjardins du Quebec now owns 14,785,565 shares of the bank’s stock valued at $886,174,000 after purchasing an additional 4,853,498 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its stake in shares of Toronto Dominion Bank by 17.7% during the first quarter. The Manufacturers Life Insurance Company now owns 13,700,503 shares of the bank’s stock valued at $825,440,000 after purchasing an additional 2,057,784 shares during the last quarter. 52.37% of the stock is owned by institutional investors.

Toronto Dominion Bank Stock Up 0.1%

Shares of NYSE:TD opened at $80.96 on Friday. The company has a 50 day moving average price of $77.63 and a two-hundred day moving average price of $71.77. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.02 and a current ratio of 1.02. The company has a market capitalization of $137.70 billion, a PE ratio of 9.46, a PEG ratio of 1.66 and a beta of 0.80. Toronto Dominion Bank has a 52 week low of $51.25 and a 52 week high of $82.08.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last released its quarterly earnings data on Thursday, August 28th. The bank reported $1.91 EPS for the quarter, beating analysts’ consensus estimates of $1.46 by $0.45. The business had revenue of $10.12 billion during the quarter, compared to analysts’ expectations of $13.73 billion. Toronto Dominion Bank had a net margin of 16.40% and a return on equity of 13.59%. The firm’s quarterly revenue was up 7.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.05 EPS. Analysts forecast that Toronto Dominion Bank will post 5.48 earnings per share for the current year.

Toronto Dominion Bank Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Friday, October 10th will be given a dividend of $1.05 per share. This is an increase from Toronto Dominion Bank’s previous quarterly dividend of $0.76. This represents a $4.20 dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date of this dividend is Friday, October 10th. Toronto Dominion Bank’s payout ratio is 35.75%.

Analyst Ratings Changes

Several research firms recently weighed in on TD. Weiss Ratings restated a “buy (b)” rating on shares of Toronto Dominion Bank in a research report on Friday. Zacks Research lowered Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 13th. Wall Street Zen cut Toronto Dominion Bank from a “hold” rating to a “sell” rating in a report on Friday, September 26th. Desjardins raised Toronto Dominion Bank from a “hold” rating to a “buy” rating in a report on Wednesday, August 13th. Finally, Royal Bank Of Canada upgraded shares of Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a research report on Friday, October 3rd. Five research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Toronto Dominion Bank presently has an average rating of “Hold” and a consensus price target of $93.00.

Toronto Dominion Bank 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.