A.R.T. Advisors LLC boosted its stake in Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 225.0% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 25,422 shares of the bank’s stock after buying an additional 17,600 shares during the quarter. A.R.T. Advisors LLC’s holdings in Toronto-Dominion Bank were worth $1,484,000 as of its most recent filing with the SEC.
Other hedge funds also recently bought and sold shares of the company. National Pension Service acquired a new stake in shares of Toronto-Dominion Bank during the 2nd quarter worth $147,598,000. JPMorgan Chase & Co. increased its holdings in shares of Toronto-Dominion Bank by 32.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 7,086,927 shares of the bank’s stock worth $411,749,000 after buying an additional 1,733,269 shares during the last quarter. Wells Fargo & Company MN increased its holdings in shares of Toronto-Dominion Bank by 281.2% during the 2nd quarter. Wells Fargo & Company MN now owns 1,603,467 shares of the bank’s stock worth $93,579,000 after buying an additional 1,182,842 shares during the last quarter. MUFG Securities EMEA plc acquired a new stake in shares of Toronto-Dominion Bank during the 2nd quarter worth $66,530,000. Finally, Intact Investment Management Inc. increased its holdings in shares of Toronto-Dominion Bank by 62.0% during the 1st quarter. Intact Investment Management Inc. now owns 1,991,895 shares of the bank’s stock worth $144,452,000 after buying an additional 762,490 shares during the last quarter. 47.64% of the stock is currently owned by hedge funds and other institutional investors.
Shares of TD stock traded up $0.94 during trading hours on Friday, reaching $55.88. 1,206,387 shares of the company were exchanged, compared to its average volume of 1,586,704. Toronto-Dominion Bank has a fifty-two week low of $47.73 and a fifty-two week high of $59.55. The stock’s fifty day moving average is $55.77 and its two-hundred day moving average is $56.42. The company has a market cap of $99.47 billion, a price-to-earnings ratio of 11.11, a P/E/G ratio of 1.76 and a beta of 1.07. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.01 and a quick ratio of 1.01.
Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last posted its quarterly earnings results on Thursday, August 29th. The bank reported $1.79 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.34 by $0.45. The business had revenue of $10.50 billion during the quarter, compared to the consensus estimate of $9.80 billion. Toronto-Dominion Bank had a net margin of 20.02% and a return on equity of 16.08%. Toronto-Dominion Bank’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.66 earnings per share. On average, research analysts anticipate that Toronto-Dominion Bank will post 5.14 earnings per share for the current year.
The firm also recently declared a — dividend, which will be paid on Thursday, October 31st. Investors of record on Thursday, October 10th will be paid a dividend of $0.556 per share. This represents a dividend yield of 4.1%. The ex-dividend date of this dividend is Wednesday, October 9th. Toronto-Dominion Bank’s dividend payout ratio (DPR) is 44.53%.
A number of equities analysts have weighed in on TD shares. Barclays set a $80.00 price objective on shares of Toronto-Dominion Bank and gave the company a “buy” rating in a research report on Thursday, August 29th. Royal Bank of Canada reissued a “hold” rating and issued a $80.00 price objective on shares of Toronto-Dominion Bank in a research report on Monday, October 7th. BMO Capital Markets cut shares of Toronto-Dominion Bank from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from $85.00 to $78.00 in a research report on Friday, August 30th. Scotiabank set a $80.00 price target on shares of Toronto-Dominion Bank and gave the stock a “buy” rating in a research report on Friday, August 30th. Finally, Zacks Investment Research cut shares of Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a report on Saturday, October 5th. Five research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $78.56.
Toronto-Dominion Bank Company Profile
The Toronto-Dominion Bank, together with its subsidiaries, provides various personal and commercial banking products and services in Canada and the United States. The company operates through three segments: Canadian Retail, U.S. Retail, and Wholesale Banking. It offers personal deposits, such as checking, savings, and investment products; financing, investment, cash management, international trade, and day-to-day banking services to businesses; financing options to customers at point of sale for automotive and recreational vehicle purchases through auto dealer network; credit cards; investing, advice-based, and asset management services to retail and institutional clients; and property and casualty insurance, as well as life and health insurance products.
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