Cidel Asset Management Inc. boosted its position in Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 1.9% during the second quarter, Holdings Channel reports. The fund owned 3,846,035 shares of the bank’s stock after buying an additional 73,078 shares during the period. Toronto Dominion Bank (The) makes up about 9.0% of Cidel Asset Management Inc.’s portfolio, making the stock its largest position. Cidel Asset Management Inc.’s holdings in Toronto Dominion Bank (The) were worth $193,591,000 as of its most recent SEC filing.
Other institutional investors have also recently modified their holdings of the company. Meeder Asset Management Inc. increased its position in shares of Toronto Dominion Bank (The) by 25.5% in the first quarter. Meeder Asset Management Inc. now owns 2,187 shares of the bank’s stock worth $110,000 after buying an additional 444 shares during the last quarter. Cornerstone Advisors Inc. increased its position in shares of Toronto Dominion Bank (The) by 5.2% in the second quarter. Cornerstone Advisors Inc. now owns 2,319 shares of the bank’s stock worth $117,000 after buying an additional 114 shares during the last quarter. Cribstone Capital Management LLC increased its position in shares of Toronto Dominion Bank (The) by 47.3% in the second quarter. Cribstone Capital Management LLC now owns 2,341 shares of the bank’s stock worth $118,000 after buying an additional 752 shares during the last quarter. Baystate Wealth Management LLC purchased a new position in shares of Toronto Dominion Bank (The) during the second quarter worth $121,000. Finally, Proficio Capital Partners LLC increased its position in shares of Toronto Dominion Bank (The) by 31.8% in the second quarter. Proficio Capital Partners LLC now owns 2,752 shares of the bank’s stock worth $141,000 after buying an additional 664 shares during the last quarter. Institutional investors and hedge funds own 52.43% of the company’s stock.
Toronto Dominion Bank (TD) opened at 50.25 on Friday. The firm has a 50 day moving average of $51.01 and a 200 day moving average of $49.81. The firm has a market capitalization of $92.63 billion, a P/E ratio of 12.46 and a beta of 0.89. Toronto Dominion Bank has a 12-month low of $43.09 and a 12-month high of $54.44.
Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) last announced its earnings results on Thursday, May 25th. The bank reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.08. Toronto Dominion Bank (The) had a return on equity of 14.09% and a net margin of 22.56%. The firm had revenue of $8.47 billion during the quarter, compared to analyst estimates of $8.72 billion. During the same period last year, the firm posted $1.20 EPS. The business’s revenue was up 2.6% compared to the same quarter last year. On average, analysts forecast that Toronto Dominion Bank will post $4.18 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Monday, July 31st. Stockholders of record on Monday, July 10th were given a dividend of $0.444 per share. This represents a $1.78 annualized dividend and a dividend yield of 3.53%. The ex-dividend date of this dividend was Thursday, July 6th. Toronto Dominion Bank (The)’s dividend payout ratio is presently 48.18%.
A number of equities analysts recently weighed in on TD shares. Zacks Investment Research upgraded shares of Toronto Dominion Bank (The) from a “hold” rating to a “buy” rating and set a $57.00 target price on the stock in a report on Wednesday, August 9th. Canaccord Genuity started coverage on shares of Toronto Dominion Bank (The) in a report on Tuesday, July 18th. They set a “buy” rating on the stock. BidaskClub upgraded shares of Toronto Dominion Bank (The) from a “hold” rating to a “buy” rating in a report on Sunday, July 16th. Barclays PLC upgraded shares of Toronto Dominion Bank (The) from an “underweight” rating to an “equal weight” rating in a report on Tuesday, May 23rd. Finally, Royal Bank Of Canada upped their price objective on shares of Toronto Dominion Bank (The) from $68.00 to $70.00 and gave the company a “sector perform” rating in a report on Friday, May 26th. One analyst has rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target 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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