Wright Investors Service Inc. Boosts Stake in Toronto-Dominion Bank (NYSE:TD)

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Wright Investors Service Inc. raised its holdings in Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 5.5% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,990 shares of the bank’s stock after purchasing an additional 1,051 shares during the quarter. Wright Investors Service Inc.’s holdings in Toronto-Dominion Bank were worth $1,167,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. BlackRock Inc. raised its stake in shares of Toronto-Dominion Bank by 18.7% during the fourth quarter. BlackRock Inc. now owns 1,742 shares of the bank’s stock worth $87,000 after acquiring an additional 275 shares in the last quarter. Mercer Global Advisors Inc. ADV purchased a new position in shares of Toronto-Dominion Bank during the first quarter worth approximately $273,000. Raymond James Trust N.A. raised its stake in shares of Toronto-Dominion Bank by 16.5% during the first quarter. Raymond James Trust N.A. now owns 6,536 shares of the bank’s stock worth $355,000 after acquiring an additional 927 shares in the last quarter. FNY Investment Advisers LLC purchased a new position in shares of Toronto-Dominion Bank during the first quarter worth approximately $119,000. Finally, Telos Capital Management Inc. purchased a new position in shares of Toronto-Dominion Bank during the first quarter worth approximately $202,000. Institutional investors own 48.12% of the company’s stock.

Shares of Toronto-Dominion Bank stock traded down $0.62 on Thursday, hitting $53.98. The stock had a trading volume of 109,917 shares, compared to its average volume of 1,037,699. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.95 and a current ratio of 0.95. Toronto-Dominion Bank has a one year low of $47.73 and a one year high of $62.00. The firm has a market cap of $99.21 billion, a PE ratio of 10.74, a price-to-earnings-growth ratio of 1.77 and a beta of 1.04. The firm has a 50-day moving average of $58.07.

Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last issued its earnings results on Thursday, May 23rd. The bank reported $1.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.25 by $0.50. Toronto-Dominion Bank had a net margin of 20.24% and a return on equity of 16.21%. The firm had revenue of $10.23 billion for the quarter, compared to analysts’ expectations of $9.46 billion. During the same quarter last year, the business earned $1.62 earnings per share. The business’s revenue was up 8.0% on a year-over-year basis. On average, equities analysts anticipate that Toronto-Dominion Bank will post 5.08 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Wednesday, July 10th were issued a $0.5511 dividend. This represents a $2.20 annualized dividend and a dividend yield of 4.08%. The ex-dividend date was Tuesday, July 9th. Toronto-Dominion Bank’s dividend payout ratio is 44.93%.

Several research firms have commented on TD. Barclays raised shares of Toronto-Dominion Bank from an “equal weight” rating to an “overweight” rating and set a $84.00 price target on the stock in a research note on Tuesday, June 11th. BMO Capital Markets reissued a “buy” rating on shares of Toronto-Dominion Bank in a research note on Friday, May 24th. National Bank Financial downgraded shares of Toronto-Dominion Bank from an “outperform” rating to a “sector perform” rating in a research note on Thursday, May 23rd. Zacks Investment Research raised shares of Toronto-Dominion Bank from a “hold” rating to a “buy” rating and set a $63.00 price target on the stock in a research note on Friday, August 9th. Finally, Bank of America downgraded shares of Toronto-Dominion Bank from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $82.00 to $77.00 in a research note on Thursday. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $74.67.

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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Institutional Ownership by Quarter for Toronto-Dominion Bank (NYSE:TD)

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