Regentatlantic Capital LLC bought a new position in Toronto-Dominion Bank (NYSE:TD) (TSE:TD) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 3,643 shares of the bank’s stock, valued at approximately $213,000.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Citizens Financial Group Inc RI bought a new stake in shares of Toronto-Dominion Bank during the first quarter worth $28,000. Financial Gravity Wealth Inc. bought a new stake in shares of Toronto-Dominion Bank during the first quarter worth $29,000. Farmers National Bank bought a new stake in shares of Toronto-Dominion Bank during the first quarter worth $33,000. Manchester Capital Management LLC bought a new stake in shares of Toronto-Dominion Bank during the first quarter worth $37,000. Finally, Cullen Frost Bankers Inc. bought a new stake in shares of Toronto-Dominion Bank during the first quarter worth $46,000. Institutional investors own 48.04% of the company’s stock.
Several equities research analysts have recently issued reports on the stock. Canaccord Genuity reissued a “buy” rating on shares of Toronto-Dominion Bank in a research report on Thursday, May 23rd. Barclays raised shares of Toronto-Dominion Bank from an “equal weight” rating to an “overweight” rating and set a $84.00 price objective for the company in a research report on Tuesday, June 11th. Zacks Investment Research raised shares of Toronto-Dominion Bank from a “sell” rating to a “hold” rating in a research report on Thursday. BMO Capital Markets reissued a “buy” rating on shares of Toronto-Dominion Bank in a research report on Friday, May 24th. Finally, National Bank Financial downgraded shares of Toronto-Dominion Bank from an “outperform” rating to a “sector perform” rating in a research report on Thursday, May 23rd. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Toronto-Dominion Bank has a consensus rating of “Buy” and an average price target of $72.00.
Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last released its earnings results on Thursday, May 23rd. The bank reported $1.75 earnings per share for the quarter, beating analysts’ consensus estimates of $1.25 by $0.50. The business had revenue of $10.23 billion during the quarter, compared to the consensus estimate of $9.46 billion. Toronto-Dominion Bank had a net margin of 20.24% and a return on equity of 16.21%. The firm’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same quarter last year, the firm earned $1.62 earnings per share. As a group, analysts predict that Toronto-Dominion Bank will post 5.06 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Wednesday, July 10th were given a $0.5511 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 3.92%. The ex-dividend date was Tuesday, July 9th. Toronto-Dominion Bank’s dividend payout ratio (DPR) is currently 44.93%.
About Toronto-Dominion Bank
The Toronto-Dominion Bank, together with its subsidiaries, provides various personal and commercial banking products and services in Canada and the United States. The company operates through three segments: Canadian Retail, U.S. Retail, and Wholesale Banking. It offers personal deposits, such as checking, savings, and investment products; financing, investment, cash management, international trade, and day-to-day banking services to businesses; financing options to customers at point of sale for automotive and recreational vehicle purchases through auto dealer network; credit cards; investing, advice-based, and asset management services to retail and institutional clients; and property and casualty insurance, as well as life and health insurance products.
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