Kohmann Bosshard Financial Services LLC Raises Stake in Toronto Dominion Bank (The) $TD

Kohmann Bosshard Financial Services LLC raised its stake in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 43.0% in the second quarter, Holdings Channel reports. The institutional investor owned 5,600 shares of the bank’s stock after buying an additional 1,685 shares during the quarter. Kohmann Bosshard Financial Services LLC’s holdings in Toronto Dominion Bank were worth $411,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Triasima Portfolio Management inc. bought a new position in shares of Toronto Dominion Bank in the second quarter valued at approximately $8,492,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its stake in Toronto Dominion Bank by 41.9% in the 1st quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 4,407,273 shares of the bank’s stock worth $264,134,000 after purchasing an additional 1,302,281 shares in the last quarter. Ontario Teachers Pension Plan Board boosted its holdings in Toronto Dominion Bank by 304.0% in the 2nd quarter. Ontario Teachers Pension Plan Board now owns 2,446,307 shares of the bank’s stock valued at $180,047,000 after purchasing an additional 1,840,747 shares during the period. Bank of New York Mellon Corp boosted its holdings in Toronto Dominion Bank by 3.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,658,144 shares of the bank’s stock valued at $121,791,000 after purchasing an additional 51,698 shares during the period. Finally, JPMorgan Chase & Co. grew its position in shares of Toronto Dominion Bank by 38.6% during the 1st quarter. JPMorgan Chase & Co. now owns 9,994,402 shares of the bank’s stock valued at $599,064,000 after purchasing an additional 2,780,984 shares in the last quarter. 52.37% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

TD has been the subject of several research analyst reports. Weiss Ratings reissued a “buy (b)” rating on shares of Toronto Dominion Bank in a research note on Wednesday, October 8th. Zacks Research cut Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 13th. Wall Street Zen raised Toronto Dominion Bank from a “sell” rating to a “hold” rating in a report on Saturday, November 15th. Desjardins upgraded shares of Toronto Dominion Bank from a “hold” rating to a “buy” rating in a research report on Wednesday, August 13th. Finally, Royal Bank Of Canada raised shares of Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a research note on Friday, October 3rd. Five analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $93.00.

Toronto Dominion Bank Trading Up 0.8%

Shares of TD stock opened at $81.99 on Friday. The business has a 50-day moving average of $80.36 and a 200 day moving average of $74.73. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.02 and a quick ratio of 1.02. Toronto Dominion Bank has a 1-year low of $51.25 and a 1-year high of $82.93. The stock has a market capitalization of $138.52 billion, a PE ratio of 9.58, a P/E/G ratio of 1.68 and a beta of 0.79.

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, beating the consensus estimate of $1.46 by $0.45. The firm 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 business’s revenue was up 7.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.05 earnings per share. As a group, sell-side 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 was paid on Friday, October 31st. Investors of record on Friday, October 10th were issued a dividend of $1.05 per share. The ex-dividend date was Friday, October 10th. This represents a $4.20 dividend on an annualized basis and a yield of 5.1%. This is an increase from Toronto Dominion Bank’s previous quarterly dividend of $0.76. Toronto Dominion Bank’s dividend payout ratio (DPR) is currently 35.16%.

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.