Ameritas Advisory Services LLC Buys Shares of 1,361 Toronto Dominion Bank (The) $TD

Ameritas Advisory Services LLC purchased a new position in Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,361 shares of the bank’s stock, valued at approximately $100,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Larson Financial Group LLC boosted its position in shares of Toronto Dominion Bank by 122.9% during the first quarter. Larson Financial Group LLC now owns 428 shares of the bank’s stock worth $26,000 after acquiring an additional 236 shares during the last quarter. Moisand Fitzgerald Tamayo LLC purchased a new stake in shares of Toronto Dominion Bank in the first quarter valued at approximately $32,000. ORG Partners LLC bought a new position in Toronto Dominion Bank in the first quarter worth approximately $34,000. Brentview Investment Management LLC purchased a new position in Toronto Dominion Bank during the 1st quarter valued at about $40,000. Finally, Colonial Trust Advisors purchased a new position in Toronto Dominion Bank during the 1st quarter valued at about $44,000. Institutional investors own 52.37% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on TD. Zacks Research cut shares of Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 13th. Wall Street Zen lowered shares of Toronto Dominion Bank from a “hold” rating to a “sell” rating in a report on Friday, September 26th. Desjardins raised shares of Toronto Dominion Bank from a “hold” rating to a “buy” rating in a report on Wednesday, August 13th. Weiss Ratings reissued a “buy (b)” rating on shares of Toronto Dominion Bank in a report on Wednesday. Finally, Royal Bank Of Canada raised shares of Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a research note on Friday, October 3rd. Five investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $93.00.

Toronto Dominion Bank Stock Down 1.8%

TD stock opened at $78.36 on Friday. The firm has a market capitalization of $133.28 billion, a price-to-earnings ratio of 9.15, a PEG ratio of 1.64 and a beta of 0.80. Toronto Dominion Bank has a fifty-two week low of $51.25 and a fifty-two week high of $82.08. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.02 and a current ratio of 1.02. The company’s 50 day moving average price is $76.35 and its 200 day moving average price is $70.32.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last announced its quarterly earnings results on Thursday, August 28th. The bank reported $1.91 EPS for the quarter, beating the consensus estimate of $1.46 by $0.45. The company had revenue of $10.12 billion for the quarter, compared to analyst estimates of $13.73 billion. Toronto Dominion Bank had a net margin of 16.40% and a return on equity of 13.59%. The firm’s revenue was up 7.9% on a year-over-year basis. During the same period in the prior year, the firm posted $2.05 earnings per share. On average, equities research analysts anticipate that Toronto Dominion Bank will post 5.48 EPS for the current fiscal year.

Toronto Dominion Bank Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Friday, October 10th will be paid a $1.05 dividend. This is an increase from Toronto Dominion Bank’s previous quarterly dividend of $0.76. This represents a $4.20 annualized dividend and a yield of 5.4%. The ex-dividend date is Friday, October 10th. Toronto Dominion Bank’s payout ratio is currently 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.