Yousif Capital Management LLC Buys 1,750 Shares of Toronto Dominion Bank (The) $TD

Yousif Capital Management LLC grew its holdings in Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 9.5% during the 2nd quarter, HoldingsChannel reports. The firm owned 20,111 shares of the bank’s stock after acquiring an additional 1,750 shares during the quarter. Yousif Capital Management LLC’s holdings in Toronto Dominion Bank were worth $1,477,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Vanguard Personalized Indexing Management LLC grew its position in shares of Toronto Dominion Bank by 15.5% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 34,493 shares of the bank’s stock valued at $2,534,000 after purchasing an additional 4,630 shares during the last quarter. Johnson Investment Counsel Inc. grew its position in shares of Toronto Dominion Bank by 7.1% in the second quarter. Johnson Investment Counsel Inc. now owns 6,035 shares of the bank’s stock valued at $443,000 after purchasing an additional 400 shares during the last quarter. Natural Investments LLC grew its position in shares of Toronto Dominion Bank by 5.3% in the second quarter. Natural Investments LLC now owns 11,100 shares of the bank’s stock valued at $815,000 after purchasing an additional 556 shares during the last quarter. Richardson Financial Services Inc. acquired a new stake in shares of Toronto Dominion Bank in the second quarter valued at about $34,000. Finally, Brucke Financial Inc. grew its position in shares of Toronto Dominion Bank by 5.8% in the second quarter. Brucke Financial Inc. now owns 6,996 shares of the bank’s stock valued at $514,000 after purchasing an additional 382 shares during the last quarter. 52.37% of the stock is owned by institutional investors and hedge funds.

Toronto Dominion Bank Stock Up 0.9%

NYSE TD opened at $79.87 on Tuesday. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.09. The stock’s 50 day moving average is $77.10 and its two-hundred day moving average is $71.30. The company has a market capitalization of $135.84 billion, a price-to-earnings ratio of 9.33, a PEG ratio of 1.62 and a beta of 0.80. Toronto Dominion Bank has a 1-year low of $51.25 and a 1-year high of $82.08.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last released its quarterly earnings data on Thursday, August 28th. The bank reported $1.91 earnings per share for the quarter, beating analysts’ consensus estimates of $1.46 by $0.45. The company 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 company’s quarterly revenue was up 7.9% on a year-over-year basis. During the same period in the previous year, the business earned $2.05 earnings per share. Equities analysts forecast that Toronto Dominion Bank will post 5.48 earnings per share for the current fiscal year.

Toronto Dominion Bank Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Friday, October 10th will be issued a dividend of $1.05 per share. The ex-dividend date of this dividend is Friday, October 10th. This is a positive change from Toronto Dominion Bank’s previous quarterly dividend of $0.76. This represents a $4.20 dividend on an annualized basis and a yield of 5.3%. Toronto Dominion Bank’s dividend payout ratio (DPR) is presently 35.75%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Wall Street Zen downgraded Toronto Dominion Bank from a “hold” rating to a “sell” rating in a research report on Friday, September 26th. Weiss Ratings reissued a “buy (b)” rating on shares of Toronto Dominion Bank in a research report on Wednesday, October 8th. 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. Zacks Research downgraded Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 13th. Finally, Desjardins raised Toronto Dominion Bank from a “hold” rating to a “buy” rating in a research report on Wednesday, August 13th. Five 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. According to MarketBeat.com, Toronto Dominion Bank currently has a consensus rating of “Hold” and a consensus target price of $93.00.

Toronto Dominion Bank 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.