Geode Capital Management LLC Increases Stake in Toronto Dominion Bank (The) $TD

Geode Capital Management LLC boosted its position in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 20.1% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 14,147,217 shares of the bank’s stock after buying an additional 2,366,324 shares during the quarter. Geode Capital Management LLC owned approximately 0.82% of Toronto Dominion Bank worth $1,053,292,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Larson Financial Group LLC grew its stake in shares of Toronto Dominion Bank by 122.9% in the first 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 last quarter. Quaker Wealth Management LLC lifted its holdings in Toronto Dominion Bank by 200.0% in the 2nd quarter. Quaker Wealth Management LLC now owns 428 shares of the bank’s stock worth $31,000 after buying an additional 856 shares during the period. Richardson Financial Services Inc. bought a new stake in shares of Toronto Dominion Bank in the 2nd quarter worth approximately $34,000. Tobam increased its stake in shares of Toronto Dominion Bank by 44.5% during the second quarter. Tobam now owns 490 shares of the bank’s stock valued at $36,000 after buying an additional 151 shares during the period. Finally, Brentview Investment Management LLC bought a new position in shares of Toronto Dominion Bank during the first quarter valued at approximately $40,000. Hedge funds and other institutional investors own 52.37% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. 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 Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 13th. Wall Street Zen downgraded shares of Toronto Dominion Bank from a “hold” rating to a “sell” rating in a research report on Friday, September 26th. Royal Bank Of Canada upgraded shares of Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a research note on Friday, October 3rd. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Toronto Dominion Bank in a research note on Wednesday, October 8th. Five research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $93.00.

Toronto Dominion Bank Stock Down 1.8%

NYSE:TD opened at $81.29 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. The firm has a market cap of $137.90 billion, a P/E ratio of 9.50, a P/E/G ratio of 1.68 and a beta of 0.79. Toronto Dominion Bank has a fifty-two week low of $51.25 and a fifty-two week high of $82.94. The firm has a 50-day simple moving average of $79.64 and a two-hundred day simple moving average of $73.98.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last announced its quarterly earnings data 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. The company had revenue of $10.12 billion during the quarter, compared to analyst estimates 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 revenue for the quarter was up 7.9% on a year-over-year basis. During the same period in the previous year, the business earned $2.05 EPS. Analysts predict that Toronto Dominion Bank will post 5.48 earnings per share for the current fiscal year.

Toronto Dominion Bank Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Friday, October 10th were given a $1.05 dividend. This is a boost from Toronto Dominion Bank’s previous quarterly dividend of $0.76. The ex-dividend date of this dividend was Friday, October 10th. This represents a $4.20 dividend on an annualized basis and a yield of 5.2%. Toronto Dominion Bank’s payout ratio is presently 35.16%.

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.