Compass Wealth Management LLC Purchases Shares of 21,703 Toronto Dominion Bank (The) $TD

Compass Wealth Management LLC acquired a new position in Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 21,703 shares of the bank’s stock, valued at approximately $1,735,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. AQR Capital Management LLC bought a new position in Toronto Dominion Bank during the 1st quarter worth approximately $568,000. Focus Partners Wealth boosted its stake in shares of Toronto Dominion Bank by 27.7% during the first quarter. Focus Partners Wealth now owns 24,970 shares of the bank’s stock valued at $1,497,000 after purchasing an additional 5,410 shares during the period. Sivia Capital Partners LLC bought a new position in shares of Toronto Dominion Bank in the second quarter worth approximately $259,000. Atria Wealth Solutions Inc. bought a new position in shares of Toronto Dominion Bank in the second quarter worth approximately $233,000. Finally, Private Trust Co. NA increased its stake in shares of Toronto Dominion Bank by 126.0% in the second quarter. Private Trust Co. NA now owns 1,270 shares of the bank’s stock worth $93,000 after buying an additional 708 shares during the period. Institutional investors own 52.37% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on TD shares. Canadian Imperial Bank of Commerce cut shares of Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 12th. National Bank Financial raised shares of Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a research note on Thursday, December 18th. Raymond James Financial raised Toronto Dominion Bank to a “hold” rating in a research note on Monday, November 24th. Jefferies Financial Group lowered Toronto Dominion Bank from a “buy” rating to a “hold” rating in a research report on Tuesday, November 25th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Toronto Dominion Bank in a report on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $93.00.

Toronto Dominion Bank Trading Down 0.3%

Shares of TD opened at $95.82 on Friday. Toronto Dominion Bank has a 1-year low of $54.87 and a 1-year high of $99.04. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.09. The firm’s 50-day moving average price is $94.50 and its 200-day moving average price is $84.56. The firm has a market capitalization of $160.14 billion, a price-to-earnings ratio of 11.37, a PEG ratio of 1.28 and a beta of 0.67.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last issued its quarterly earnings data on Thursday, December 4th. The bank reported $1.56 EPS for the quarter, topping the consensus estimate of $1.46 by $0.10. The business had revenue of $11.44 billion during the quarter, compared to analyst estimates of $10.10 billion. Toronto Dominion Bank had a net margin of 16.52% and a return on equity of 13.90%. Toronto Dominion Bank’s quarterly revenue was down .1% compared to the same quarter last year. During the same period last year, the business posted $1.72 earnings per share. Sell-side analysts anticipate that Toronto Dominion Bank will post 5.48 EPS for the current year.

Toronto Dominion Bank Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Saturday, January 31st. Investors of record on Friday, January 9th were paid a $1.08 dividend. The ex-dividend date of this dividend was Friday, January 9th. This is a positive change from Toronto Dominion Bank’s previous quarterly dividend of $1.05. This represents a $4.32 annualized dividend and a yield of 4.5%. Toronto Dominion Bank’s payout ratio is currently 37.37%.

Toronto Dominion Bank Company Profile

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.