Successful Portfolios LLC Invests $238,000 in Toronto Dominion Bank (The) $TD

Successful Portfolios LLC purchased a new position in Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) in the second quarter, Holdings Channel reports. The fund purchased 3,234 shares of the bank’s stock, valued at approximately $238,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Larson Financial Group LLC raised its position in Toronto Dominion Bank by 122.9% during the first quarter. Larson Financial Group LLC now owns 428 shares of the bank’s stock valued at $26,000 after acquiring an additional 236 shares in the last quarter. Moisand Fitzgerald Tamayo LLC bought a new position in Toronto Dominion Bank during the first quarter valued at approximately $32,000. ORG Partners LLC bought a new position in Toronto Dominion Bank during the first quarter valued at approximately $34,000. Brentview Investment Management LLC bought a new position in Toronto Dominion Bank during the first quarter valued at approximately $40,000. Finally, Colonial Trust Advisors bought a new position in Toronto Dominion Bank during the first quarter valued at approximately $44,000. Institutional investors own 52.37% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on TD. Desjardins raised shares of Toronto Dominion Bank from a “hold” rating to a “buy” rating in a research report on Wednesday, August 13th. Royal Bank Of Canada raised shares of Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a research report on Friday. Weiss Ratings reissued a “buy (b)” rating on shares of Toronto Dominion Bank in a research report on Saturday, September 27th. Zacks Research lowered shares of Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 13th. Finally, Wall Street Zen lowered shares of Toronto Dominion Bank from a “hold” rating to a “sell” rating in a research report on Friday, September 26th. 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 stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $93.00.

Toronto Dominion Bank Trading Up 1.9%

NYSE:TD opened at $81.13 on Friday. Toronto Dominion Bank has a 12 month low of $51.25 and a 12 month high of $82.08. The firm has a market cap of $137.99 billion, a price-to-earnings ratio of 9.48, a P/E/G ratio of 1.63 and a beta of 0.80. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.09. The company’s 50 day moving average is $75.66 and its 200-day moving average is $69.63.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last released 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 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 last year, the firm posted $2.05 earnings per share. The company’s quarterly revenue was up 7.9% compared to the same quarter last year. Equities analysts anticipate that Toronto Dominion Bank will post 5.48 EPS for the current year.

Toronto Dominion Bank Increases Dividend

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

Toronto Dominion Bank Company 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.