Cribstone Capital Management LLC increased its position in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 47.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,341 shares of the bank’s stock after buying an additional 752 shares during the period. Cribstone Capital Management LLC’s holdings in Toronto Dominion Bank (The) were worth $118,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Hudson Valley Investment Advisors Inc. ADV increased its stake in shares of Toronto Dominion Bank (The) by 2.8% in the second quarter. Hudson Valley Investment Advisors Inc. ADV now owns 25,201 shares of the bank’s stock valued at $1,270,000 after buying an additional 680 shares during the last quarter. Exane Derivatives increased its stake in shares of Toronto Dominion Bank (The) by 12.3% in the second quarter. Exane Derivatives now owns 32,000 shares of the bank’s stock valued at $1,614,000 after buying an additional 3,500 shares during the last quarter. LVM Capital Management Ltd. MI increased its stake in shares of Toronto Dominion Bank (The) by 2.3% in the second quarter. LVM Capital Management Ltd. MI now owns 184,812 shares of the bank’s stock valued at $9,311,000 after buying an additional 4,137 shares during the last quarter. Eqis Capital Management Inc. increased its stake in shares of Toronto Dominion Bank (The) by 12.2% in the second quarter. Eqis Capital Management Inc. now owns 11,883 shares of the bank’s stock valued at $599,000 after buying an additional 1,293 shares during the last quarter. Finally, Mn Services Vermogensbeheer B.V. acquired a new stake in shares of Toronto Dominion Bank (The) during the second quarter valued at $15,344,000. Institutional investors and hedge funds own 52.58% of the company’s stock.
Shares of Toronto Dominion Bank (NYSE:TD) traded up 0.74% during midday trading on Friday, hitting $51.52. The stock had a trading volume of 1,198,251 shares. Toronto Dominion Bank has a 52 week low of $42.75 and a 52 week high of $54.44. The stock has a market capitalization of $94.97 billion, a price-to-earnings ratio of 12.87 and a beta of 0.89. The stock has a 50 day moving average price of $50.34 and a 200-day moving average price of $49.84.
Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) last posted its quarterly earnings results on Thursday, May 25th. The bank reported $1.00 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.92 by $0.08. The company had revenue of $8.47 billion for the quarter, compared to the consensus estimate of $8.72 billion. Toronto Dominion Bank (The) had a return on equity of 14.09% and a net margin of 22.56%. The firm’s quarterly revenue was up 2.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.20 EPS. Equities research analysts anticipate that Toronto Dominion Bank will post $4.23 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, July 31st. Stockholders of record on Monday, July 10th will be paid a $0.444 dividend. This represents a $1.78 dividend on an annualized basis and a dividend yield of 3.47%. The ex-dividend date of this dividend is Thursday, July 6th. Toronto Dominion Bank (The)’s dividend payout ratio (DPR) is currently 48.18%.
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Several analysts have weighed in on the company. BidaskClub raised Toronto Dominion Bank (The) from a “sell” rating to a “hold” rating in a research note on Tuesday, June 13th. Zacks Investment Research downgraded Toronto Dominion Bank (The) from a “hold” rating to a “sell” rating in a research note on Thursday, May 4th. Royal Bank Of Canada boosted their price objective on Toronto Dominion Bank (The) from $68.00 to $70.00 and gave the stock a “sector perform” rating in a research note on Friday, May 26th. National Bank Financial reissued a “sector perform overweight” rating on shares of Toronto Dominion Bank (The) in a research note on Thursday, May 18th. Finally, Canaccord Genuity assumed coverage on Toronto Dominion Bank (The) in a research note on Tuesday, July 18th. They issued a “buy” rating on the stock. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $61.71.
Toronto Dominion Bank (The) Company Profile
Toronto-Dominion Bank (the Bank) is a Canada-based bank, which operates in the North America. It is an online financial services firm, with over 10.2 million online and mobile customers. Its segments include Canadian Retail, U.S. Retail, Wholesale Banking and Corporate. The Canadian Retail segment provides a range of financial products and services to customers in the Canadian personal and commercial banking businesses.
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