Focus Partners Advisor Solutions LLC Takes $226,000 Position in Toronto Dominion Bank (The) $TD

Focus Partners Advisor Solutions LLC bought a new stake in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 3,081 shares of the bank’s stock, valued at approximately $226,000.

Several other large investors have also recently added to or reduced their stakes in TD. Balanced Rock Investment Advisors LLC increased its stake in Toronto Dominion Bank by 1.1% during the first quarter. Balanced Rock Investment Advisors LLC now owns 14,983 shares of the bank’s stock valued at $898,000 after purchasing an additional 163 shares during the last quarter. Wright Investors Service Inc. raised its holdings in shares of Toronto Dominion Bank by 3.1% in the 2nd quarter. Wright Investors Service Inc. now owns 5,827 shares of the bank’s stock worth $428,000 after purchasing an additional 173 shares in the last quarter. Intrua Financial LLC lifted its stake in Toronto Dominion Bank by 2.4% during the first quarter. Intrua Financial LLC now owns 7,812 shares of the bank’s stock valued at $468,000 after buying an additional 183 shares in the last quarter. Hexagon Capital Partners LLC lifted its stake in Toronto Dominion Bank by 14.5% during the first quarter. Hexagon Capital Partners LLC now owns 1,500 shares of the bank’s stock valued at $90,000 after buying an additional 190 shares in the last quarter. Finally, Evergreen Capital Management LLC lifted its stake in Toronto Dominion Bank by 2.4% in the 1st quarter. Evergreen Capital Management LLC now owns 8,892 shares of the bank’s stock worth $533,000 after acquiring an additional 211 shares in the last quarter. 52.37% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on TD shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Toronto Dominion Bank in a research report on Wednesday, October 8th. Zacks Research lowered shares of Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 13th. Desjardins raised Toronto Dominion Bank from a “hold” rating to a “buy” rating in a research note on Wednesday, August 13th. Royal Bank Of Canada upgraded shares of Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a research note on Friday, October 3rd. Finally, Wall Street Zen lowered shares of Toronto Dominion Bank from a “hold” rating to a “sell” rating in a report on Friday, September 26th. Five equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Toronto Dominion Bank currently has an average rating of “Hold” and an average target price of $93.00.

Toronto Dominion Bank Price Performance

NYSE TD opened at $82.11 on Friday. The firm’s 50 day moving average is $78.46 and its 200-day moving average is $72.81. Toronto Dominion Bank has a 12-month low of $51.25 and a 12-month high of $82.88. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.09. The company has a market capitalization of $139.30 billion, a PE ratio of 9.59, a price-to-earnings-growth ratio of 1.68 and a beta of 0.80.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last issued 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 firm had revenue of $10.12 billion during the quarter, compared to analysts’ expectations of $13.73 billion. Toronto Dominion Bank had a return on equity of 13.59% and a net margin of 16.40%.The business’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.05 earnings per share. Equities research analysts anticipate that Toronto Dominion Bank will post 5.48 earnings per share for the current fiscal year.

Toronto Dominion Bank Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Friday, October 10th were issued a dividend of $1.05 per share. The ex-dividend date was Friday, October 10th. This is an increase 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 5.1%. Toronto Dominion Bank’s dividend payout ratio is 35.63%.

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.