Vise Technologies Inc. Purchases 6,901 Shares of Toronto Dominion Bank (The) $TD

Vise Technologies Inc. increased its position in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 14.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 54,984 shares of the bank’s stock after purchasing an additional 6,901 shares during the period. Vise Technologies Inc.’s holdings in Toronto Dominion Bank were worth $6,462,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in TD. Cornerstone Financial Management LLC lifted its stake in Toronto Dominion Bank by 77.2% in the second quarter. Cornerstone Financial Management LLC now owns 218 shares of the bank’s stock worth $26,000 after purchasing an additional 95 shares during the last quarter. Pension & Wealth Management Advisors Inc. bought a new position in shares of Toronto Dominion Bank during the third quarter valued at approximately $41,000. Compass Wealth Management LLC bought a new position in shares of Toronto Dominion Bank during the third quarter valued at approximately $41,000. Continuum Advisory LLC purchased a new stake in shares of Toronto Dominion Bank in the second quarter worth approximately $43,000. Finally, NBH Bank purchased a new stake in shares of Toronto Dominion Bank in the second quarter worth approximately $73,000. 52.37% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Wall Street Zen upgraded Toronto Dominion Bank from a “sell” rating to a “hold” rating in a report on Saturday, August 22nd. Keefe, Bruyette & Woods started coverage on Toronto Dominion Bank in a research report on Friday, August 21st. They set a “market perform” rating for the company. Finally, Weiss Ratings upgraded Toronto Dominion Bank from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Wednesday, October 21st. Two research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, Toronto Dominion Bank currently has an average rating of “Moderate Buy” and a consensus price target of $148.00.

Toronto Dominion Bank Price Performance

TD opened at $125.01 on Tuesday. The company has a market capitalization of $203.68 billion, a price-to-earnings ratio of 18.58, a PEG ratio of 1.26 and a beta of 0.75. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.09. Toronto Dominion Bank has a 12-month low of $79.52 and a 12-month high of $127.96. The business’s fifty day simple moving average is $120.64 and its 200-day simple moving average is $110.61.

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

Toronto Dominion Bank announced that its board has approved a stock repurchase plan on Wednesday, September 30th that allows the company to repurchase $7.14 billion in outstanding shares. This repurchase authorization allows the bank to reacquire up to 3.5% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s management believes its shares are undervalued.

Toronto Dominion Bank Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Saturday, October 31st. Shareholders of record on Friday, October 9th were given a dividend of C$1.12 per share. The ex-dividend date of this dividend was Friday, October 9th. This represents a $4.48 dividend on an annualized basis and a yield of 3.6%. Toronto Dominion Bank’s dividend payout ratio (DPR) is 46.66%.

Toronto Dominion Bank Company Profile

Toronto-Dominion Bank, operating as TD Bank Group, is a Canadian financial services company headquartered in Toronto, Ontario. The institution traces its history to the Bank of Toronto, founded in 1855, and the Dominion Bank, founded in 1869; the two banks merged in 1955 to form Toronto-Dominion Bank.

TD provides a broad range of banking and financial services through its Canadian and U.S. operations. Its offerings include personal and business deposit accounts, mortgages, consumer and commercial lending, credit cards, investment products, insurance, wealth management and financial advice.