Lake Street Financial LLC Buys New Position in The Toronto-Dominion Bank (NYSE:TD)

Lake Street Financial LLC purchased a new position in The Toronto-Dominion Bank (NYSE:TDGet Rating) (TSE:TD) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 5,407 shares of the bank’s stock, valued at approximately $355,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Connor Clark & Lunn Investment Management Ltd. lifted its position in Toronto-Dominion Bank by 12.6% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 14,243,311 shares of the bank’s stock valued at $1,129,773,000 after purchasing an additional 1,599,227 shares in the last quarter. Westwood Holdings Group Inc. bought a new position in shares of Toronto-Dominion Bank during the 4th quarter valued at approximately $437,000. Squarepoint Ops LLC increased its holdings in Toronto-Dominion Bank by 166.8% in the 4th quarter. Squarepoint Ops LLC now owns 42,339 shares of the bank’s stock worth $3,247,000 after acquiring an additional 26,467 shares in the last quarter. RMR Wealth Builders bought a new stake in Toronto-Dominion Bank during the 1st quarter worth approximately $262,000. Finally, Waratah Capital Advisors Ltd. lifted its holdings in Toronto-Dominion Bank by 118.1% during the fourth quarter. Waratah Capital Advisors Ltd. now owns 150,365 shares of the bank’s stock valued at $11,530,000 after purchasing an additional 81,412 shares in the last quarter. Hedge funds and other institutional investors own 49.10% of the company’s stock.

Toronto-Dominion Bank Stock Down 2.6 %

Shares of NYSE TD opened at $63.97 on Thursday. The stock has a market capitalization of $116.06 billion, a price-to-earnings ratio of 10.28, a P/E/G ratio of 1.48 and a beta of 0.94. The Toronto-Dominion Bank has a 12-month low of $58.64 and a 12-month high of $86.01. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.12. The firm’s 50-day moving average price is $65.30 and its 200-day moving average price is $70.47.

Toronto-Dominion Bank (NYSE:TDGet Rating) (TSE:TD) last posted its quarterly earnings data on Thursday, August 25th. The bank reported $2.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.04 by $0.05. Toronto-Dominion Bank had a return on equity of 16.09% and a net margin of 22.93%. During the same period last year, the business posted $1.60 earnings per share. On average, equities research analysts anticipate that The Toronto-Dominion Bank will post 6.32 EPS for the current fiscal year.

Toronto-Dominion Bank Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, October 31st. Investors of record on Friday, October 7th will be paid a dividend of $0.696 per share. The ex-dividend date is Thursday, October 6th. This is a boost from Toronto-Dominion Bank’s previous quarterly dividend of $0.69. This represents a $2.78 dividend on an annualized basis and a dividend yield of 4.35%. Toronto-Dominion Bank’s payout ratio is currently 44.53%.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. National Bank Financial raised their price objective on shares of Toronto-Dominion Bank from C$102.00 to C$106.00 in a research report on Friday, August 26th. Royal Bank of Canada raised Toronto-Dominion Bank from a “sector perform” rating to an “outperform” rating in a report on Friday, August 26th. Canaccord Genuity Group dropped their price objective on Toronto-Dominion Bank from C$96.00 to C$94.50 in a research note on Monday, August 29th. CIBC decreased their target price on Toronto-Dominion Bank from C$100.00 to C$97.00 in a research note on Tuesday, August 16th. Finally, Keefe, Bruyette & Woods upgraded Toronto-Dominion Bank from a “market perform” rating to an “outperform” rating in a research note on Friday, September 2nd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Toronto-Dominion Bank currently has a consensus rating of “Hold” and an average target price of $100.36.

Toronto-Dominion Bank Company Profile

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The Toronto-Dominion Bank, together with its subsidiaries, provides various financial products and services in Canada, the United States, and internationally. It operates through three segments: Canadian Retail, U.S. Retail, and Wholesale Banking. The company offers personal deposits, such as chequing, savings, and investment products; financing, investment, cash management, international trade, and day-to-day banking services to businesses; and financing options to customers at point of sale for automotive and recreational vehicle purchases.

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Institutional Ownership by Quarter for Toronto-Dominion Bank (NYSE:TD)

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