28,158 Shares in Toronto Dominion Bank (The) $TD Purchased by MONECO Advisors LLC

MONECO Advisors LLC acquired a new stake in Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 28,158 shares of the bank’s stock, valued at approximately $2,251,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its stake 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 worth $5,677,291,000 after buying an additional 2,552,603 shares in the last quarter. TD Asset Management Inc boosted its stake in shares of Toronto Dominion Bank by 0.9% in the second quarter. TD Asset Management Inc now owns 37,365,008 shares of the bank’s stock valued at $2,742,748,000 after buying an additional 329,429 shares in the last quarter. 1832 Asset Management L.P. grew its holdings in Toronto Dominion Bank by 0.5% during the second quarter. 1832 Asset Management L.P. now owns 22,548,848 shares of the bank’s stock worth $1,656,213,000 after acquiring an additional 101,678 shares during the period. Norges Bank acquired a new position in Toronto Dominion Bank during the second quarter worth $1,543,639,000. Finally, Geode Capital Management LLC raised its position in Toronto Dominion Bank by 20.1% in the second quarter. Geode Capital Management LLC now owns 14,147,217 shares of the bank’s stock worth $1,053,292,000 after acquiring an additional 2,366,324 shares in the last quarter. Institutional investors and hedge funds own 52.37% of the company’s stock.

Toronto Dominion Bank Price Performance

Toronto Dominion Bank stock opened at $94.91 on Friday. The firm has a market capitalization of $159.29 billion, a PE ratio of 11.26, a P/E/G ratio of 1.33 and a beta of 0.67. Toronto Dominion Bank has a 52 week low of $54.87 and a 52 week high of $96.44. The firm’s 50-day simple moving average is $92.64 and its 200 day simple moving average is $83.01. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.09.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last posted its earnings results on Thursday, December 4th. The bank reported $1.56 earnings per share for the quarter, beating the consensus estimate of $1.46 by $0.10. Toronto Dominion Bank had a net margin of 16.52% and a return on equity of 13.90%. The firm had revenue of $11.44 billion during the quarter, compared to the consensus estimate of $10.10 billion. During the same period last year, the firm posted $1.72 EPS. The firm’s revenue for the quarter was down .1% on a year-over-year basis. On average, equities research analysts predict that Toronto Dominion Bank will post 5.48 EPS for the current fiscal year.

Toronto Dominion Bank Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Saturday, January 31st. Investors of record on Friday, January 9th were given a dividend of $1.08 per share. The ex-dividend date was Friday, January 9th. This represents a $4.32 annualized dividend and a dividend yield of 4.6%. This is an increase from Toronto Dominion Bank’s previous quarterly dividend of $1.05. Toronto Dominion Bank’s payout ratio is presently 37.25%.

Analyst Ratings Changes

Several brokerages have commented on TD. Natl Bk Canada upgraded shares of Toronto Dominion Bank from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 17th. Jefferies Financial Group downgraded shares of Toronto Dominion Bank from a “buy” rating to a “hold” rating in a report on Tuesday, November 25th. National Bank Financial raised shares of Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a report on Thursday, December 18th. Wall Street Zen lowered shares of Toronto Dominion Bank from a “hold” rating to a “sell” rating in a research report on Saturday, January 10th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Toronto Dominion Bank in a report on Wednesday, January 21st. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, Toronto Dominion Bank presently has a consensus rating of “Moderate Buy” and an average price target of $93.00.

Toronto Dominion Bank Company Profile

Toronto-Dominion Bank (TD) is a Canadian multinational banking and financial services company headquartered in Toronto, Ontario. Formed through the 1955 merger of the Bank of Toronto (founded 1855) and the Dominion Bank (founded 1869), TD is one of Canada’s largest banks and offers a broad range of financial products and services to individual, small business, commercial and institutional clients.

TD’s core businesses include Canadian and U.S. personal and commercial banking, wealth management, wholesale banking and insurance.