Leo Wealth LLC Invests $228,000 in Toronto Dominion Bank (The) $TD

Leo Wealth LLC purchased a new position in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 3,110 shares of the bank’s stock, valued at approximately $228,000.

A number of other institutional investors and hedge funds have also made changes to their positions in TD. Goldman Sachs Group Inc. raised its position in shares of Toronto Dominion Bank by 93.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 12,216,411 shares of the bank’s stock worth $732,252,000 after purchasing an additional 5,917,078 shares during the period. Federation des caisses Desjardins du Quebec grew its holdings in Toronto Dominion Bank by 48.9% in the 1st quarter. Federation des caisses Desjardins du Quebec now owns 14,785,565 shares of the bank’s stock worth $886,174,000 after buying an additional 4,853,498 shares in the last quarter. Canada Pension Plan Investment Board grew its holdings in Toronto Dominion Bank by 81.6% in the 1st quarter. Canada Pension Plan Investment Board now owns 10,524,446 shares of the bank’s stock worth $630,746,000 after buying an additional 4,729,657 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in Toronto Dominion Bank by 38.6% in the 1st quarter. JPMorgan Chase & Co. now owns 9,994,402 shares of the bank’s stock worth $599,064,000 after buying an additional 2,780,984 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its holdings in Toronto Dominion Bank by 17.7% in the 1st quarter. The Manufacturers Life Insurance Company now owns 13,700,503 shares of the bank’s stock worth $825,440,000 after buying an additional 2,057,784 shares in the last quarter. 52.37% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Toronto Dominion Bank Stock Performance

Shares of NYSE TD opened at $78.36 on Friday. The stock has a fifty day moving average price of $76.35 and a two-hundred day moving average price of $70.32. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.02 and a current ratio of 1.02. The firm has a market cap of $133.28 billion, a P/E ratio of 9.15, a PEG ratio of 1.64 and a beta of 0.80. Toronto Dominion Bank has a 1 year low of $51.25 and a 1 year high of $82.08.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last issued its quarterly earnings results on Thursday, August 28th. The bank reported $1.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.46 by $0.45. The firm had revenue of $10.12 billion during the quarter, compared to analyst estimates of $13.73 billion. Toronto Dominion Bank had a return on equity of 13.59% and a net margin of 16.40%.The firm’s quarterly revenue was up 7.9% on a year-over-year basis. During the same period last year, the company posted $2.05 EPS. Research analysts forecast 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. Stockholders of record on Friday, October 10th will be paid a dividend of $1.05 per share. The ex-dividend date of this dividend is Friday, October 10th. This represents a $4.20 annualized dividend and a dividend yield of 5.4%. This is a boost from Toronto Dominion Bank’s previous quarterly dividend of $0.76. Toronto Dominion Bank’s dividend payout ratio is 36.10%.

Toronto Dominion Bank 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.