Saturna Capital Corp Invests $209,000 in Toronto Dominion Bank (The) $TD

Saturna Capital Corp purchased a new stake in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,850 shares of the bank’s stock, valued at approximately $209,000.

Several other institutional investors have also bought and sold shares of TD. Envestnet Asset Management Inc. raised its position in shares of Toronto Dominion Bank by 100.2% during the 1st quarter. Envestnet Asset Management Inc. now owns 114,674 shares of the bank’s stock worth $6,874,000 after buying an additional 57,386 shares in the last quarter. CWM LLC increased its stake in shares of Toronto Dominion Bank by 3.4% during the first quarter. CWM LLC now owns 7,522 shares of the bank’s stock valued at $451,000 after acquiring an additional 244 shares during the period. Larson Financial Group LLC raised its holdings in 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 purchasing an additional 236 shares in the last quarter. Lindbrook Capital LLC lifted its position in Toronto Dominion Bank by 12.4% in the first quarter. Lindbrook Capital LLC now owns 3,052 shares of the bank’s stock worth $183,000 after purchasing an additional 336 shares during the period. Finally, Crestwood Advisors Group LLC lifted its position in Toronto Dominion Bank by 10.3% in the first quarter. Crestwood Advisors Group LLC now owns 4,712 shares of the bank’s stock worth $282,000 after purchasing an additional 441 shares during the period. Institutional investors and hedge funds own 52.37% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on TD shares. Desjardins raised Toronto Dominion Bank from a “hold” rating to a “buy” rating in a research note on Wednesday, August 13th. Wall Street Zen raised Toronto Dominion Bank from a “sell” rating to a “hold” rating in a report on Saturday, November 15th. Zacks Research cut shares of Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a research note 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. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Toronto Dominion Bank in a report on Wednesday, October 8th. Five research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $93.00.

Toronto Dominion Bank Trading Down 0.7%

Shares of TD opened at $81.65 on Thursday. 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 company has a market cap of $137.94 billion, a price-to-earnings ratio of 9.54, a PEG ratio of 1.68 and a beta of 0.79. The stock has a fifty day moving average price of $80.16 and a two-hundred day moving average price of $74.56. Toronto Dominion Bank has a 52-week low of $51.25 and a 52-week high of $82.93.

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, topping the consensus estimate of $1.46 by $0.45. Toronto Dominion Bank had a net margin of 16.40% and a return on equity of 13.59%. The business had revenue of $10.12 billion for the quarter, compared to the consensus estimate of $13.73 billion. During the same quarter in the prior year, the company earned $2.05 EPS. The firm’s quarterly revenue was up 7.9% on a year-over-year basis. Analysts predict that Toronto Dominion Bank will post 5.48 EPS for the current fiscal year.

Toronto Dominion Bank Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Friday, October 10th were issued a dividend of $1.05 per share. The ex-dividend date of this dividend was Friday, October 10th. This represents a $4.20 annualized dividend and a yield of 5.1%. This is a positive change from Toronto Dominion Bank’s previous quarterly dividend of $0.76. Toronto Dominion Bank’s dividend payout ratio (DPR) is currently 35.16%.

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.