Toronto Dominion Bank (The) $TD Position Boosted by Coleford Investment Management Ltd.

Coleford Investment Management Ltd. increased its position in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 4.3% during the second quarter, Holdings Channel reports. The fund owned 259,366 shares of the bank’s stock after acquiring an additional 10,755 shares during the quarter. Toronto Dominion Bank makes up approximately 4.9% of Coleford Investment Management Ltd.’s investment portfolio, making the stock its 9th biggest position. Coleford Investment Management Ltd.’s holdings in Toronto Dominion Bank were worth $19,071,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Balanced Rock Investment Advisors LLC boosted its holdings in shares of Toronto Dominion Bank by 1.1% during the first quarter. Balanced Rock Investment Advisors LLC now owns 14,983 shares of the bank’s stock worth $898,000 after purchasing an additional 163 shares during the last quarter. Wright Investors Service Inc. lifted its position in Toronto Dominion Bank by 3.1% during the second quarter. Wright Investors Service Inc. now owns 5,827 shares of the bank’s stock worth $428,000 after buying an additional 173 shares during the period. Intrua Financial LLC boosted its stake in Toronto Dominion Bank by 2.4% in the 1st quarter. Intrua Financial LLC now owns 7,812 shares of the bank’s stock worth $468,000 after buying an additional 183 shares during the last quarter. Bridgewater Advisors Inc. boosted its stake in Toronto Dominion Bank by 1.9% in the 2nd quarter. Bridgewater Advisors Inc. now owns 10,994 shares of the bank’s stock worth $808,000 after buying an additional 207 shares during the last quarter. Finally, Evergreen Capital Management LLC grew its holdings in Toronto Dominion Bank by 2.4% in the 1st quarter. Evergreen Capital Management LLC now owns 8,892 shares of the bank’s stock valued at $533,000 after buying an additional 211 shares during the period. 52.37% of the stock is currently owned by institutional investors and hedge funds.

Toronto Dominion Bank Price Performance

Toronto Dominion Bank stock opened at $80.40 on Friday. The firm has a fifty day moving average of $78.97 and a 200-day moving average of $73.29. Toronto Dominion Bank has a 52-week low of $51.25 and a 52-week high of $82.88. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.09. The firm has a market capitalization of $136.40 billion, a P/E ratio of 9.39, a PEG ratio of 1.68 and a beta of 0.79.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last announced its quarterly earnings results on Thursday, August 28th. The bank reported $1.91 earnings per share 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 during the quarter, compared to analysts’ expectations of $13.73 billion. During the same period in the prior year, the company earned $2.05 EPS. The firm’s revenue was up 7.9% on a year-over-year basis. As a group, analysts predict that Toronto Dominion Bank will post 5.48 EPS for the current year.

Toronto Dominion Bank Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Friday, October 10th were issued a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a dividend yield of 5.2%. The ex-dividend date was Friday, October 10th. This is an increase from Toronto Dominion Bank’s previous quarterly dividend of $0.76. Toronto Dominion Bank’s dividend payout ratio (DPR) is 35.16%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. 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. Desjardins raised shares of Toronto Dominion Bank from a “hold” rating to a “buy” rating in a research note on Wednesday, August 13th. Zacks Research cut shares of Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 13th. Weiss Ratings restated a “buy (b)” rating on shares of Toronto Dominion Bank in a report on Wednesday, October 8th. Finally, Wall Street Zen lowered Toronto Dominion Bank from a “hold” rating to a “sell” rating in a research report on Friday, September 26th. 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.com, Toronto Dominion Bank has an average rating of “Hold” and a consensus target price 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.