Traub Capital Management LLC Takes Position in Toronto Dominion Bank (The) $TD

Traub Capital Management LLC purchased a new stake in Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 1,105 shares of the bank’s stock, valued at approximately $81,000.

Other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of Toronto Dominion Bank by 3.4% during the 2nd quarter. Vanguard Group Inc. now owns 77,187,442 shares of the bank’s stock valued at $5,677,291,000 after purchasing an additional 2,552,603 shares during the last quarter. TD Asset Management Inc lifted its holdings in shares of Toronto Dominion Bank by 0.9% in the 2nd 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 boosted its stake in shares of Toronto Dominion Bank by 4.5% during the 1st 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 during the period. Federation des caisses Desjardins du Quebec grew its holdings in Toronto Dominion Bank by 48.9% during the 1st 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, Geode Capital Management LLC raised its position in Toronto Dominion Bank by 20.1% in the 2nd quarter. Geode Capital Management LLC now owns 14,147,217 shares of the bank’s stock worth $1,053,292,000 after purchasing an additional 2,366,324 shares during the period. 52.37% of the stock is owned by institutional investors.

Toronto Dominion Bank Stock Down 0.7%

Shares of Toronto Dominion Bank stock opened at $81.65 on Thursday. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.02 and a quick ratio of 1.02. The stock has a market cap of $137.94 billion, a price-to-earnings ratio of 9.54, a PEG ratio of 1.68 and a beta of 0.79. The firm’s 50-day moving average is $80.16 and its two-hundred day moving average is $74.56. Toronto Dominion Bank has a 1 year low of $51.25 and a 1 year high of $82.93.

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 the consensus estimate of $1.46 by $0.45. The firm 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 company’s revenue was up 7.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.05 EPS. As a group, research analysts expect 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 declared a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Friday, October 10th were issued a $1.05 dividend. The ex-dividend date was Friday, October 10th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 5.1%. This is a boost 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

TD has been the topic of several recent analyst reports. Royal Bank Of Canada upgraded Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a report on Friday, October 3rd. Weiss Ratings reiterated a “buy (b)” rating on shares of Toronto Dominion Bank in a research note on Wednesday, October 8th. Wall Street Zen raised shares of Toronto Dominion Bank from a “sell” rating to a “hold” rating in a research note on Saturday, November 15th. Desjardins raised shares of Toronto Dominion Bank from a “hold” rating to a “buy” rating in a research note on Wednesday, August 13th. Finally, Zacks Research downgraded shares of Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 13th. Five equities research 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. Based on data from MarketBeat.com, Toronto Dominion Bank 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.