Ativo Capital Management LLC Buys Shares of 10,015 Toronto Dominion Bank (The) $TD

Ativo Capital Management LLC purchased a new position in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 10,015 shares of the bank’s stock, valued at approximately $801,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Donaldson Capital Management LLC lifted its stake in Toronto Dominion Bank by 9.1% in the third quarter. Donaldson Capital Management LLC now owns 16,380 shares of the bank’s stock worth $1,310,000 after acquiring an additional 1,360 shares during the period. Frank Rimerman Advisors LLC raised its holdings in shares of Toronto Dominion Bank by 17.6% in the 3rd quarter. Frank Rimerman Advisors LLC now owns 13,934 shares of the bank’s stock valued at $1,114,000 after purchasing an additional 2,086 shares in the last quarter. LRI Investments LLC lifted its position in shares of Toronto Dominion Bank by 3.1% in the 3rd quarter. LRI Investments LLC now owns 23,665 shares of the bank’s stock worth $1,892,000 after purchasing an additional 704 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of Toronto Dominion Bank by 2.9% during the third quarter. Bank of New York Mellon Corp now owns 1,706,480 shares of the bank’s stock valued at $136,433,000 after purchasing an additional 48,336 shares in the last quarter. Finally, Ballentine Partners LLC increased its holdings in Toronto Dominion Bank by 4.6% during the third quarter. Ballentine Partners LLC now owns 12,095 shares of the bank’s stock valued at $967,000 after buying an additional 536 shares during the period. 52.37% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have weighed in on TD shares. National Bank Financial upgraded Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a report on Thursday, December 18th. Raymond James Financial upgraded Toronto Dominion Bank to a “hold” rating in a research note on Monday, November 24th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Toronto Dominion Bank in a research report on Wednesday, January 21st. Wall Street Zen downgraded shares of Toronto Dominion Bank from a “hold” rating to a “sell” rating in a report on Saturday, January 10th. Finally, Natl Bk Canada raised shares of Toronto Dominion Bank from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 17th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $93.00.

Toronto Dominion Bank Trading Down 1.5%

Shares of NYSE:TD opened at $93.48 on Friday. The business’s 50-day moving average is $91.67 and its 200 day moving average is $82.48. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.03 and a quick ratio of 1.03. Toronto Dominion Bank has a 1 year low of $54.14 and a 1 year high of $96.44. The firm has a market capitalization of $156.88 billion, a P/E ratio of 11.09, a P/E/G ratio of 1.32 and a beta of 0.67.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last issued its quarterly earnings results on Thursday, December 4th. The bank reported $1.56 earnings per share for the quarter, topping analysts’ consensus estimates of $1.46 by $0.10. Toronto Dominion Bank had a return on equity of 13.90% and a net margin of 16.52%.The business had revenue of $11.44 billion for the quarter, compared to analyst estimates of $10.10 billion. During the same quarter in the previous year, the firm earned $1.72 earnings per share. The company’s revenue was down .1% on a year-over-year basis. On average, research analysts predict that Toronto Dominion Bank will post 5.48 earnings per share for the current fiscal year.

Toronto Dominion Bank Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Saturday, January 31st. Investors of record on Friday, January 9th were paid a $1.08 dividend. This is a positive change from Toronto Dominion Bank’s previous quarterly dividend of $1.05. The ex-dividend date was Friday, January 9th. This represents a $4.32 dividend on an annualized basis and a yield of 4.6%. Toronto Dominion Bank’s dividend payout ratio (DPR) is 37.37%.

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.