Toronto Dominion Bank (The) $TD Stock Acquired by Emergent Wealth Advisors LLC

Emergent Wealth Advisors LLC grew its position in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 192.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,849 shares of the bank’s stock after buying an additional 7,792 shares during the quarter. Emergent Wealth Advisors LLC’s holdings in Toronto Dominion Bank were worth $1,393,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Auto Owners Insurance Co increased its position in Toronto Dominion Bank by 9,320.0% during the fourth quarter. Auto Owners Insurance Co now owns 3,965,443 shares of the bank’s stock valued at $396,544,000 after acquiring an additional 3,923,347 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in Toronto Dominion Bank by 41.6% in the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 11,899,945 shares of the bank’s stock valued at $1,121,660,000 after acquiring an additional 3,496,645 shares during the period. Alberta Investment Management Corp purchased a new position in Toronto Dominion Bank in the fourth quarter worth about $299,850,000. Bank of New York Mellon Corp purchased a new position in Toronto Dominion Bank in the second quarter worth about $202,900,000. Finally, SEB Asset Management AB bought a new stake in shares of Toronto Dominion Bank during the 1st quarter valued at about $139,123,000. 52.37% of the stock is currently owned by hedge funds and other institutional investors.

Toronto Dominion Bank Trading Up 0.2%

Toronto Dominion Bank stock opened at $114.04 on Friday. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.03 and a quick ratio of 1.03. The firm’s 50 day moving average price is $120.24 and its 200-day moving average price is $114.20. Toronto Dominion Bank has a 1 year low of $77.95 and a 1 year high of $125.46. The stock has a market cap of $187.58 billion, a P/E ratio of 16.95, a PEG ratio of 1.13 and a beta of 0.75.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last announced its quarterly earnings results on Thursday, August 27th. The bank reported $1.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.74 by $0.24. The company had revenue of $12.07 billion for the quarter, compared to the consensus estimate of $10.70 billion. Toronto Dominion Bank had a net margin of 14.41% and a return on equity of 14.88%. Toronto Dominion Bank’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.20 EPS. On average, equities analysts predict that Toronto Dominion Bank will post 7.04 earnings per share for the current fiscal year.

Toronto Dominion Bank Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Saturday, October 31st. Shareholders of record on Friday, October 9th will be issued a dividend of C$1.12 per share. This represents a $4.48 annualized dividend and a yield of 3.9%. The ex-dividend date is Friday, October 9th. Toronto Dominion Bank’s dividend payout ratio (DPR) is currently 46.81%.

Wall Street Analyst Weigh In

TD has been the topic of a number of research reports. Wall Street Zen raised shares of Toronto Dominion Bank from a “sell” rating to a “hold” rating in a report on Saturday, August 22nd. Keefe, Bruyette & Woods assumed coverage on shares of Toronto Dominion Bank in a research note on Friday, August 21st. They set a “market perform” rating on the stock. Finally, Weiss Ratings upgraded Toronto Dominion Bank from a “buy (b)” rating to a “buy (b+)” rating in a research note on Monday, September 28th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $148.00.

Toronto Dominion Bank Profile

Toronto-Dominion Bank, operating as TD Bank Group, is a Canadian financial services company headquartered in Toronto, Ontario. The bank was formed in 1955 through the merger of The Bank of Toronto and The Dominion Bank and serves customers in Canada and the United States.

TD provides a broad range of banking and financial services, including personal and commercial deposit accounts, lending, mortgages, credit cards, payments, investment products and financial advice. Its Canadian operations serve individuals, businesses and institutions, while its U.S.