10,833 Shares in Toronto Dominion Bank (The) $TD Acquired by Bleakley Financial Group LLC

Bleakley Financial Group LLC bought a new stake in Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) during the second quarter, Holdings Channel.com reports. The firm bought 10,833 shares of the bank’s stock, valued at approximately $796,000.

Several other institutional investors also recently modified their holdings of the stock. Larson Financial Group LLC lifted its stake in shares of Toronto Dominion Bank by 122.9% in the 1st quarter. Larson Financial Group LLC now owns 428 shares of the bank’s stock valued at $26,000 after acquiring an additional 236 shares during the last quarter. Richardson Financial Services Inc. bought a new stake in Toronto Dominion Bank during the 2nd quarter worth $34,000. Brentview Investment Management LLC acquired a new position in Toronto Dominion Bank in the 1st quarter worth about $40,000. Colonial Trust Advisors bought a new position in Toronto Dominion Bank in the first quarter valued at about $44,000. Finally, Pandora Wealth Inc. bought a new position in Toronto Dominion Bank in the first quarter valued at about $60,000. 52.37% of the stock is currently owned by institutional investors and hedge funds.

Toronto Dominion Bank Stock Performance

NYSE:TD opened at $80.96 on Friday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.02 and a current ratio of 1.02. Toronto Dominion Bank has a fifty-two week low of $51.25 and a fifty-two week high of $82.08. The company has a 50 day simple moving average of $77.63 and a two-hundred day simple moving average of $71.89. The company has a market capitalization of $137.70 billion, a PE ratio of 9.46, a P/E/G ratio of 1.66 and a beta of 0.80.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last issued its quarterly earnings results on Thursday, August 28th. The bank reported $1.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $13.73 billion. During the same quarter in the previous year, the company earned $2.05 EPS. The company’s revenue for the quarter was up 7.9% on a year-over-year basis. Research analysts anticipate that Toronto Dominion Bank will post 5.48 earnings per share for the current year.

Toronto Dominion Bank Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Shareholders 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 5.2%. This is an increase from Toronto Dominion Bank’s previous quarterly dividend of $0.76. The ex-dividend date of this dividend is Friday, October 10th. Toronto Dominion Bank’s payout ratio is currently 35.75%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Zacks Research cut Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 13th. Weiss Ratings reiterated a “buy (b)” rating on shares of Toronto Dominion Bank in a research report on Friday. Wall Street Zen lowered shares of Toronto Dominion Bank from a “hold” rating to a “sell” rating in a report on Friday, September 26th. Desjardins raised shares of Toronto Dominion Bank from a “hold” rating to a “buy” rating in a research note 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 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 given a Sell rating to the company’s stock. According to MarketBeat, Toronto Dominion Bank 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.