Genus Capital Management Inc. Buys 7,425 Shares of Toronto Dominion Bank (The) $TD

Genus Capital Management Inc. boosted its stake in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 6.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 120,248 shares of the bank’s stock after purchasing an additional 7,425 shares during the quarter. Toronto Dominion Bank comprises approximately 1.1% of Genus Capital Management Inc.’s investment portfolio, making the stock its 22nd biggest position. Genus Capital Management Inc.’s holdings in Toronto Dominion Bank were worth $8,827,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Larson Financial Group LLC lifted its holdings in shares of Toronto Dominion Bank by 122.9% during the first quarter. Larson Financial Group LLC now owns 428 shares of the bank’s stock worth $26,000 after buying an additional 236 shares in the last quarter. Quaker Wealth Management LLC lifted its holdings in shares of Toronto Dominion Bank by 200.0% during the second quarter. Quaker Wealth Management LLC now owns 428 shares of the bank’s stock worth $31,000 after buying an additional 856 shares in the last quarter. Richardson Financial Services Inc. acquired a new stake in shares of Toronto Dominion Bank during the second quarter worth $34,000. Brentview Investment Management LLC acquired a new stake in shares of Toronto Dominion Bank during the first quarter worth $40,000. Finally, Colonial Trust Advisors acquired a new stake in shares of Toronto Dominion Bank during the first quarter worth $44,000. Institutional investors and hedge funds own 52.37% of the company’s stock.

Toronto Dominion Bank Stock Down 1.7%

TD stock opened at $80.56 on Wednesday. The company has a market cap of $136.66 billion, a PE ratio of 9.41, a price-to-earnings-growth ratio of 1.68 and a beta of 0.80. The business has a 50-day simple moving average of $78.73 and a 200 day simple moving average of $73.19. Toronto Dominion Bank has a 52 week low of $51.25 and a 52 week high of $82.88. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.09.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last posted its quarterly earnings results on Thursday, August 28th. The bank reported $1.91 EPS for the quarter, beating analysts’ consensus estimates 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 business had revenue of $10.12 billion during the quarter, compared to the consensus estimate of $13.73 billion. During the same quarter in the previous year, the firm earned $2.05 earnings per share. Toronto Dominion Bank’s revenue for the quarter was up 7.9% compared to the same quarter last year. Sell-side analysts anticipate that Toronto Dominion Bank will post 5.48 EPS for the current fiscal year.

Toronto Dominion Bank Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Friday, October 10th were given a $1.05 dividend. This is a boost from Toronto Dominion Bank’s previous quarterly dividend of $0.76. This represents a $4.20 dividend on an annualized basis and a yield of 5.2%. The ex-dividend date was Friday, October 10th. Toronto Dominion Bank’s dividend payout ratio (DPR) is presently 35.63%.

Wall Street Analyst Weigh In

TD has been the subject of a number of research reports. Royal Bank Of Canada raised Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a report on Friday, October 3rd. Desjardins raised Toronto Dominion Bank from a “hold” rating to a “buy” rating in a report on Wednesday, August 13th. Weiss Ratings reissued a “buy (b)” rating on shares of Toronto Dominion Bank in a report on Wednesday, October 8th. Zacks Research downgraded Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 13th. Finally, Wall Street Zen downgraded Toronto Dominion Bank from a “hold” rating to a “sell” rating in a research note on Friday, September 26th. Five investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Toronto Dominion Bank presently has a consensus rating of “Hold” and an average price target of $93.00.

About Toronto Dominion Bank

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.