Spire Wealth Management Has $226,000 Stock Holdings in Toronto Dominion Bank (The) $TD

Spire Wealth Management lifted its holdings in Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 112.7% in the 2nd quarter, Holdings Channel.com reports. The firm owned 3,072 shares of the bank’s stock after buying an additional 1,628 shares during the quarter. Spire Wealth Management’s holdings in Toronto Dominion Bank were worth $226,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. D.A. Davidson & CO. boosted its position in Toronto Dominion Bank by 19.0% during the 1st quarter. D.A. Davidson & CO. now owns 16,717 shares of the bank’s stock worth $1,002,000 after acquiring an additional 2,665 shares during the last quarter. World Investment Advisors boosted its position in Toronto Dominion Bank by 6.2% during the 1st quarter. World Investment Advisors now owns 4,808 shares of the bank’s stock worth $288,000 after acquiring an additional 282 shares during the last quarter. Bank of New York Mellon Corp boosted its position in Toronto Dominion Bank by 7.0% during the 1st quarter. Bank of New York Mellon Corp now owns 1,606,446 shares of the bank’s stock worth $96,290,000 after acquiring an additional 104,864 shares during the last quarter. Hexagon Capital Partners LLC boosted its position in Toronto Dominion Bank by 14.5% during the 1st quarter. Hexagon Capital Partners LLC now owns 1,500 shares of the bank’s stock worth $90,000 after acquiring an additional 190 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its position in Toronto Dominion Bank by 100.2% during the 1st quarter. Envestnet Asset Management Inc. now owns 114,674 shares of the bank’s stock worth $6,874,000 after acquiring an additional 57,386 shares during the last quarter. 52.37% of the stock is currently owned by institutional investors and hedge funds.

Toronto Dominion Bank Trading Down 0.2%

NYSE TD opened at $81.95 on Tuesday. The company has a market cap of $139.02 billion, a PE ratio of 9.57, a PEG ratio of 1.68 and a beta of 0.80. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.09. Toronto Dominion Bank has a 12 month low of $51.25 and a 12 month high of $82.88. The stock has a 50 day moving average of $78.62 and a 200-day moving average of $73.05.

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 the consensus estimate of $1.46 by $0.45. The company had revenue of $10.12 billion during the quarter, compared to the consensus estimate of $13.73 billion. Toronto Dominion Bank had a return on equity of 13.59% and a net margin of 16.40%.The firm’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.05 EPS. On average, equities research analysts anticipate that Toronto Dominion Bank will post 5.48 EPS for the current fiscal year.

Toronto Dominion Bank Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Friday, October 10th were paid a $1.05 dividend. This is a boost from Toronto Dominion Bank’s previous quarterly dividend of $0.76. The ex-dividend date was Friday, October 10th. This represents a $4.20 dividend on an annualized basis and a yield of 5.1%. Toronto Dominion Bank’s dividend payout ratio (DPR) is currently 35.63%.

Analyst Upgrades and Downgrades

TD has been the subject of a number of recent research reports. Desjardins raised Toronto Dominion Bank from a “hold” rating to a “buy” 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 report on Friday, September 26th. Royal Bank Of Canada raised Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a research report on Friday, October 3rd. Zacks Research downgraded Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 13th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Toronto Dominion Bank in a report on Wednesday, October 8th. Five analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Toronto Dominion Bank presently has an average rating of “Hold” and a consensus price target of $93.00.

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.