Clarius Group LLC Acquires New Shares in Toronto Dominion Bank (The) $TD

Clarius Group LLC acquired a new stake in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 2,847 shares of the bank’s stock, valued at approximately $209,000.

Several other institutional investors also recently modified their holdings of the business. Checchi Capital Advisers LLC boosted its position in shares of Toronto Dominion Bank by 3.2% during the second quarter. Checchi Capital Advisers LLC now owns 7,003 shares of the bank’s stock valued at $514,000 after buying an additional 217 shares during the last quarter. Successful Portfolios LLC purchased a new position in Toronto Dominion Bank in the second quarter worth about $238,000. Stock Yards Bank & Trust Co. purchased a new position in Toronto Dominion Bank in the second quarter worth about $202,000. Ascent Group LLC boosted its position in Toronto Dominion Bank by 26.8% in the second quarter. Ascent Group LLC now owns 5,383 shares of the bank’s stock worth $395,000 after purchasing an additional 1,137 shares during the last quarter. Finally, Ameritas Advisory Services LLC purchased a new position in Toronto Dominion Bank in the second quarter worth about $100,000. 52.37% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have issued reports on TD shares. Weiss Ratings reissued a “buy (b)” rating on shares of Toronto Dominion Bank in a research report on Saturday, September 27th. Wall Street Zen cut Toronto Dominion Bank from a “hold” rating to a “sell” rating in a research report on Friday, September 26th. Desjardins raised Toronto Dominion Bank from a “hold” rating to a “buy” rating in a research report on Wednesday, August 13th. Royal Bank Of Canada raised Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a research report on Friday, October 3rd. Finally, Zacks Research downgraded Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 13th. Five analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $93.00.

Toronto Dominion Bank Stock Down 0.4%

NYSE TD opened at $80.94 on Wednesday. The stock’s 50-day moving average price is $75.96 and its 200-day moving average price is $69.99. 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 has a 52 week low of $51.25 and a 52 week high of $82.08. The company has a market capitalization of $137.66 billion, a P/E ratio of 9.46, a price-to-earnings-growth ratio of 1.66 and a beta of 0.80.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last posted its quarterly earnings data on Thursday, August 28th. The bank reported $1.91 EPS for the quarter, topping the consensus estimate of $1.46 by $0.45. The firm had revenue of $10.12 billion for the quarter, compared to the consensus estimate of $13.73 billion. Toronto Dominion Bank had a return on equity of 13.59% and a net margin of 16.40%.The business’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same quarter last year, the company earned $2.05 earnings per share. On average, equities research analysts predict that Toronto Dominion Bank will post 5.48 earnings per share for the current year.

Toronto Dominion Bank Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Friday, October 10th will be paid a dividend of $1.05 per share. This is a boost from Toronto Dominion Bank’s previous quarterly dividend of $0.76. The ex-dividend date of this dividend is Friday, October 10th. This represents a $4.20 annualized dividend and a yield of 5.2%. Toronto Dominion Bank’s dividend payout ratio is 36.10%.

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.