Ameritas Advisory Services LLC Takes $100,000 Position in Toronto Dominion Bank (The) $TD

Ameritas Advisory Services LLC acquired a new stake in Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,361 shares of the bank’s stock, valued at approximately $100,000.

Several other large investors have also modified their holdings of TD. Oppenheimer & Co. Inc. lifted its holdings in shares of Toronto Dominion Bank by 144.6% during the first quarter. Oppenheimer & Co. Inc. now owns 11,532 shares of the bank’s stock worth $691,000 after purchasing an additional 6,818 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its holdings in shares of Toronto Dominion Bank by 41.9% during the first quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 4,407,273 shares of the bank’s stock worth $264,134,000 after purchasing an additional 1,302,281 shares during the period. JPMorgan Chase & Co. raised its position in Toronto Dominion Bank by 38.6% in the first quarter. JPMorgan Chase & Co. now owns 9,994,402 shares of the bank’s stock worth $599,064,000 after acquiring an additional 2,780,984 shares in the last quarter. Bank of New York Mellon Corp raised its position in Toronto Dominion Bank by 7.0% in the first quarter. Bank of New York Mellon Corp now owns 1,606,446 shares of the bank’s stock worth $96,290,000 after acquiring an additional 104,864 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA raised its position in Toronto Dominion Bank by 1.5% in the first quarter. Massachusetts Financial Services Co. MA now owns 12,396,341 shares of the bank’s stock worth $743,037,000 after acquiring an additional 181,781 shares in the last quarter. 52.37% of the stock is owned by institutional investors and hedge funds.

Toronto Dominion Bank Stock Performance

Toronto Dominion Bank stock opened at $78.36 on Friday. The stock’s 50 day moving average price is $76.35 and its 200 day moving average price is $70.32. The firm has a market capitalization of $133.28 billion, a PE ratio of 9.15, a price-to-earnings-growth ratio of 1.64 and a beta of 0.80. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.02 and a current ratio of 1.02. Toronto Dominion Bank has a one year low of $51.25 and a one year high of $82.08.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last posted its quarterly earnings data on Thursday, August 28th. The bank reported $1.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.46 by $0.45. Toronto Dominion Bank had a return on equity of 13.59% and a net margin of 16.40%.The company had revenue of $10.12 billion for the quarter, compared to the consensus estimate of $13.73 billion. During the same period in the previous year, the business earned $2.05 EPS. Toronto Dominion Bank’s revenue for the quarter was up 7.9% compared to the same quarter last year. As a group, sell-side analysts expect 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 will be paid on Friday, October 31st. Investors of record on Friday, October 10th will be given a dividend of $1.05 per share. The ex-dividend date is Friday, October 10th. This represents a $4.20 dividend on an annualized basis and a yield of 5.4%. This is an increase from Toronto Dominion Bank’s previous quarterly dividend of $0.76. Toronto Dominion Bank’s payout ratio is presently 36.10%.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Zacks Research cut Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 13th. Royal Bank Of Canada upgraded Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a research report on Friday, October 3rd. Wall Street Zen cut Toronto Dominion Bank from a “hold” rating to a “sell” rating in a research report on Friday, September 26th. Desjardins upgraded Toronto Dominion Bank from a “hold” rating to a “buy” rating in a research report on Wednesday, August 13th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Toronto Dominion Bank in a research report on Wednesday. Five analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $93.00.

Toronto Dominion Bank Company Profile

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.