Assenagon Asset Management S.A. Sells 811 Shares of Toronto Dominion Bank (The) $TD

Assenagon Asset Management S.A. cut its stake in Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 1.4% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 57,023 shares of the bank’s stock after selling 811 shares during the period. Assenagon Asset Management S.A.’s holdings in Toronto Dominion Bank were worth $4,186,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the stock. Balanced Rock Investment Advisors LLC boosted its stake in Toronto Dominion Bank by 1.1% in the 1st quarter. Balanced Rock Investment Advisors LLC now owns 14,983 shares of the bank’s stock worth $898,000 after purchasing an additional 163 shares in the last quarter. MFA Wealth Services boosted its stake in Toronto Dominion Bank by 4.5% in the 1st quarter. MFA Wealth Services now owns 4,179 shares of the bank’s stock worth $250,000 after purchasing an additional 179 shares in the last quarter. Intrua Financial LLC lifted its stake in Toronto Dominion Bank by 2.4% during the 1st quarter. Intrua Financial LLC now owns 7,812 shares of the bank’s stock valued at $468,000 after acquiring an additional 183 shares during the period. Hexagon Capital Partners LLC boosted its holdings in shares of Toronto Dominion Bank by 14.5% in the 1st quarter. Hexagon Capital Partners LLC now owns 1,500 shares of the bank’s stock valued at $90,000 after acquiring an additional 190 shares during the last quarter. Finally, JFS Wealth Advisors LLC boosted its holdings in shares of Toronto Dominion Bank by 6.0% in the 1st quarter. JFS Wealth Advisors LLC now owns 3,421 shares of the bank’s stock valued at $205,000 after acquiring an additional 194 shares during the last quarter. 52.37% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have commented on TD. Desjardins raised shares of Toronto Dominion Bank from a “hold” rating to a “buy” rating in a report on Wednesday, August 13th. Zacks Research downgraded Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 13th. Three investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Toronto Dominion Bank presently has a consensus rating of “Hold” and an average price target of $93.00.

Toronto Dominion Bank Stock Performance

TD opened at $78.12 on Thursday. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.02 and a quick ratio of 1.02. The firm has a fifty day moving average price of $74.92 and a 200 day moving average price of $68.61. Toronto Dominion Bank has a 1 year low of $51.25 and a 1 year high of $79.49. The stock has a market cap of $132.86 billion, a P/E ratio of 9.13, a P/E/G ratio of 1.69 and a beta of 0.81.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last posted its earnings results on Thursday, August 28th. The bank reported $1.91 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $10.12 billion during the quarter, compared to analysts’ expectations of $13.73 billion. During the same period in the previous year, the business posted $2.05 EPS. The business’s revenue was up 7.9% compared to the same quarter last year. Equities research analysts anticipate that Toronto Dominion Bank will post 5.48 earnings per share for the current year.

Toronto Dominion Bank Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Friday, October 10th will be paid a $1.05 dividend. The ex-dividend date is Friday, October 10th. This represents a $4.20 annualized dividend and a dividend yield of 5.4%. This is an increase from Toronto Dominion Bank’s previous quarterly dividend of $0.76. Toronto Dominion Bank’s dividend payout ratio (DPR) is presently 36.10%.

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.