Arkadios Wealth Advisors Takes Position in Toronto Dominion Bank (The) $TD

Arkadios Wealth Advisors acquired a new stake in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 2,956 shares of the bank’s stock, valued at approximately $217,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TD. Balanced Rock Investment Advisors LLC boosted its position in shares of Toronto Dominion Bank by 1.1% in the first 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 during the period. Wright Investors Service Inc. lifted its stake in shares of Toronto Dominion Bank by 3.1% during the 2nd quarter. Wright Investors Service Inc. now owns 5,827 shares of the bank’s stock valued at $428,000 after buying an additional 173 shares in the last quarter. Intrua Financial LLC lifted its stake in shares of 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 buying an additional 183 shares in the last quarter. Evergreen Capital Management LLC boosted its holdings 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 buying an additional 211 shares during the period. Finally, Commons Capital LLC increased its stake in Toronto Dominion Bank by 1.2% in the 2nd quarter. Commons Capital LLC now owns 18,117 shares of the bank’s stock worth $1,331,000 after buying an additional 213 shares in the last quarter. Institutional investors own 52.37% of the company’s stock.

Wall Street Analyst Weigh In

TD has been the topic of several research analyst reports. Royal Bank Of Canada upgraded Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a research report on Friday, October 3rd. Wall Street Zen downgraded Toronto Dominion Bank from a “hold” rating to a “sell” rating in a research note on Friday, September 26th. Weiss Ratings reissued a “buy (b)” rating on shares of Toronto Dominion Bank in a 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. Finally, Desjardins upgraded shares of 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 issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $93.00.

Toronto Dominion Bank Stock Performance

Shares of NYSE:TD opened at $80.40 on Friday. The firm has a fifty day simple moving average of $78.97 and a two-hundred day simple moving average of $73.29. 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 stock has a market capitalization of $136.40 billion, a P/E ratio of 9.39, a PEG ratio of 1.68 and a beta of 0.79. Toronto Dominion Bank has a 52 week low of $51.25 and a 52 week high of $82.88.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last released its quarterly earnings results on Thursday, August 28th. The bank reported $1.91 EPS for the quarter, topping the consensus estimate of $1.46 by $0.45. Toronto Dominion Bank had a return on equity of 13.59% and a net margin of 16.40%.The company had revenue of $10.12 billion during the quarter, compared to analyst estimates of $13.73 billion. During the same quarter last year, the business posted $2.05 earnings per share. The firm’s revenue was up 7.9% on a year-over-year basis. On average, analysts expect 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 announced a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Friday, October 10th were given a dividend of $1.05 per share. The ex-dividend date of this dividend was Friday, October 10th. This represents a $4.20 annualized dividend and a dividend yield of 5.2%. This is an increase from Toronto Dominion Bank’s previous quarterly dividend of $0.76. Toronto Dominion Bank’s dividend payout ratio is presently 35.16%.

Toronto Dominion Bank Company 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.