8,598 Shares in Toronto Dominion Bank (The) $TD Acquired by JCIC Asset Management Inc.

JCIC Asset Management Inc. bought a new stake in Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 8,598 shares of the bank’s stock, valued at approximately $687,000.

Other hedge funds also recently bought and sold shares of the company. True Wealth Design LLC purchased a new stake in shares of Toronto Dominion Bank in the third quarter valued at $27,000. Mather Group LLC. purchased a new stake in Toronto Dominion Bank during the 3rd quarter worth about $30,000. Quaker Wealth Management LLC raised its stake in Toronto Dominion Bank by 200.0% in the 2nd quarter. Quaker Wealth Management LLC now owns 428 shares of the bank’s stock valued at $31,000 after purchasing an additional 856 shares during the last quarter. Elevation Point Wealth Partners LLC acquired a new stake in shares of Toronto Dominion Bank during the 2nd quarter worth about $32,000. Finally, Sachetta LLC acquired a new position in Toronto Dominion Bank in the 3rd quarter valued at $33,000. Hedge funds and other institutional investors own 52.37% of the company’s stock.

Toronto Dominion Bank Stock Down 0.3%

Shares of NYSE:TD opened at $93.79 on Monday. The company has a market capitalization of $157.41 billion, a price-to-earnings ratio of 11.13, a price-to-earnings-growth ratio of 1.31 and a beta of 0.67. The company has a 50 day moving average of $89.15 and a two-hundred day moving average of $81.12. Toronto Dominion Bank has a 52-week low of $54.14 and a 52-week high of $96.44. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.09.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last announced its earnings results on Thursday, December 4th. The bank reported $1.56 earnings per share for the quarter, beating the consensus estimate of $1.46 by $0.10. The business had revenue of $11.44 billion during the quarter, compared to the consensus estimate of $10.10 billion. Toronto Dominion Bank had a net margin of 16.52% and a return on equity of 13.90%. The business’s quarterly revenue was down .1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.72 earnings per share. As a group, analysts forecast 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 announced a quarterly dividend, which will be paid on Saturday, January 31st. Stockholders of record on Friday, January 9th will be given a dividend of $1.08 per share. The ex-dividend date of this dividend is Friday, January 9th. This is a positive change from Toronto Dominion Bank’s previous quarterly dividend of $1.05. This represents a $4.32 dividend on an annualized basis and a dividend yield of 4.6%. Toronto Dominion Bank’s dividend payout ratio is presently 37.37%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on TD shares. National Bank Financial raised shares of Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a research report on Thursday, December 18th. Weiss Ratings reiterated a “buy (b)” rating on shares of Toronto Dominion Bank in a report on Wednesday, October 8th. Royal Bank Of Canada upgraded shares of Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a report on Friday, October 3rd. Wall Street Zen downgraded shares of Toronto Dominion Bank from a “hold” rating to a “sell” rating in a research note on Saturday, January 10th. Finally, Jefferies Financial Group lowered shares of Toronto Dominion Bank from a “buy” rating to a “hold” rating in a research report on Tuesday, November 25th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $93.00.

About Toronto Dominion Bank

Toronto-Dominion Bank (TD) is a Canadian multinational banking and financial services company headquartered in Toronto, Ontario. Formed through the 1955 merger of the Bank of Toronto (founded 1855) and the Dominion Bank (founded 1869), TD is one of Canada’s largest banks and offers a broad range of financial products and services to individual, small business, commercial and institutional clients.

TD’s core businesses include Canadian and U.S. personal and commercial banking, wealth management, wholesale banking and insurance.