Kohmann Bosshard Financial Services LLC Buys 605 Shares of Toronto Dominion Bank (The) (NYSE:TD)

Kohmann Bosshard Financial Services LLC increased its stake in Toronto Dominion Bank (The) (NYSE:TDFree Report) (TSE:TD) by 18.3% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,915 shares of the bank’s stock after purchasing an additional 605 shares during the quarter. Kohmann Bosshard Financial Services LLC’s holdings in Toronto Dominion Bank were worth $235,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Raymond James Financial Inc. bought a new stake in Toronto Dominion Bank during the fourth quarter valued at about $7,865,000. Guggenheim Capital LLC raised its holdings in Toronto Dominion Bank by 40.9% during the fourth quarter. Guggenheim Capital LLC now owns 6,771 shares of the bank’s stock valued at $360,000 after acquiring an additional 1,966 shares during the period. Bridgewater Associates LP grew its position in shares of Toronto Dominion Bank by 280.2% during the fourth quarter. Bridgewater Associates LP now owns 210,583 shares of the bank’s stock valued at $11,206,000 after purchasing an additional 155,197 shares in the last quarter. NewEdge Advisors LLC grew its position in shares of Toronto Dominion Bank by 198.4% during the fourth quarter. NewEdge Advisors LLC now owns 6,334 shares of the bank’s stock valued at $337,000 after purchasing an additional 4,211 shares in the last quarter. Finally, Wasatch Advisors LP grew its position in shares of Toronto Dominion Bank by 11.9% during the fourth quarter. Wasatch Advisors LP now owns 43,420 shares of the bank’s stock valued at $2,309,000 after purchasing an additional 4,610 shares in the last quarter. 52.37% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on TD. Royal Bank Of Canada lifted their price target on Toronto Dominion Bank from $87.00 to $93.00 and gave the stock a “sector perform” rating in a research report on Friday, May 23rd. Scotiabank started coverage on shares of Toronto Dominion Bank in a research note on Thursday, May 15th. They set a “sector perform” rating for the company. Finally, Wall Street Zen raised shares of Toronto Dominion Bank from a “sell” rating to a “hold” rating in a research note on Saturday, May 24th. One analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $93.00.

Check Out Our Latest Analysis on Toronto Dominion Bank

Toronto Dominion Bank Stock Performance

Shares of NYSE:TD opened at $73.24 on Monday. The company has a market capitalization of $125.62 billion, a price-to-earnings ratio of 10.74, a price-to-earnings-growth ratio of 1.66 and a beta of 0.84. Toronto Dominion Bank has a 52 week low of $51.25 and a 52 week high of $75.58. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.09. The firm has a 50 day moving average of $72.70 and a 200 day moving average of $64.92.

Toronto Dominion Bank (NYSE:TDGet Free Report) (TSE:TD) last issued its quarterly earnings data on Thursday, May 22nd. The bank reported $1.39 EPS for the quarter, topping analysts’ consensus estimates of $1.25 by $0.14. The company had revenue of $10.97 billion during the quarter, compared to the consensus estimate of $13.36 billion. Toronto Dominion Bank had a net margin of 13.53% and a return on equity of 13.11%. During the same quarter in the previous year, the firm posted $2.04 earnings per share. On average, sell-side analysts predict that Toronto Dominion Bank will post 5.48 earnings per share for the current fiscal year.

Toronto Dominion Bank Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Thursday, July 10th were paid a $0.7568 dividend. This represents a $3.03 dividend on an annualized basis and a yield of 4.1%. This is a positive change from Toronto Dominion Bank’s previous quarterly dividend of $0.73. The ex-dividend date of this dividend was Thursday, July 10th. Toronto Dominion Bank’s payout ratio is presently 45.16%.

Toronto Dominion Bank Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Toronto Dominion Bank (NYSE:TD)

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