Cumberland Partners Ltd Buys 23,860 Shares of Toronto Dominion Bank (The) $TD

Cumberland Partners Ltd boosted its stake in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 31.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 100,558 shares of the bank’s stock after buying an additional 23,860 shares during the quarter. Cumberland Partners Ltd’s holdings in Toronto Dominion Bank were worth $7,392,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Dynamic Technology Lab Private Ltd acquired a new position in shares of Toronto Dominion Bank in the second quarter worth approximately $2,225,000. Saturna Capital Corp acquired a new position in shares of Toronto Dominion Bank in the 2nd quarter worth approximately $209,000. VSM Wealth Advisory LLC acquired a new stake in shares of Toronto Dominion Bank during the second quarter worth $39,000. Traub Capital Management LLC bought a new position in Toronto Dominion Bank during the second quarter worth $81,000. Finally, Wealthspire Advisors LLC boosted its position in Toronto Dominion Bank by 14.6% during the second quarter. Wealthspire Advisors LLC now owns 4,247 shares of the bank’s stock valued at $312,000 after acquiring an additional 541 shares during the last quarter. Institutional investors and hedge funds own 52.37% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Royal Bank Of Canada raised Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a research note on Friday, October 3rd. Weiss Ratings reiterated a “buy (b)” rating on shares of Toronto Dominion Bank in a report on Wednesday, October 8th. Desjardins upgraded Toronto Dominion Bank from a “hold” rating to a “buy” rating in a report on Wednesday, August 13th. Wall Street Zen raised shares of Toronto Dominion Bank from a “sell” rating to a “hold” rating in a research report on Saturday, November 15th. Finally, Zacks Research lowered shares of Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 13th. Five equities research 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. Based on data from MarketBeat.com, Toronto Dominion Bank has a consensus rating of “Hold” and a consensus target price of $93.00.

Toronto Dominion Bank Stock Down 0.7%

Toronto Dominion Bank stock opened at $81.65 on Thursday. The firm has a market capitalization of $137.94 billion, a price-to-earnings ratio of 9.54, a price-to-earnings-growth ratio of 1.68 and a beta of 0.79. The firm’s fifty day moving average price is $80.16 and its two-hundred day moving average price is $74.56. Toronto Dominion Bank has a 1-year low of $51.25 and a 1-year high of $82.93. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.09.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last posted its earnings results on Thursday, August 28th. The bank reported $1.91 earnings per share for the quarter, topping analysts’ consensus estimates 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 company had revenue of $10.12 billion for the quarter, compared to analyst estimates of $13.73 billion. During the same quarter in the prior year, the business posted $2.05 EPS. The firm’s revenue was up 7.9% compared to the same quarter last year. On average, equities research analysts predict that Toronto Dominion Bank will post 5.48 earnings per share 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 dividend on an annualized basis 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 payout ratio is presently 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.