Cromwell Holdings LLC Purchases 916 Shares of Toronto Dominion Bank (The) $TD

Cromwell Holdings LLC lifted its position in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 28.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,091 shares of the bank’s stock after purchasing an additional 916 shares during the period. Cromwell Holdings LLC’s holdings in Toronto Dominion Bank were worth $300,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TD. Larson Financial Group LLC lifted its stake in shares of Toronto Dominion Bank by 122.9% in the first quarter. Larson Financial Group LLC now owns 428 shares of the bank’s stock worth $26,000 after acquiring an additional 236 shares during the period. Financial Management Professionals Inc. lifted its stake in shares of Toronto Dominion Bank by 322.4% in the first quarter. Financial Management Professionals Inc. now owns 490 shares of the bank’s stock worth $29,000 after acquiring an additional 374 shares during the period. Moisand Fitzgerald Tamayo LLC acquired a new position in shares of Toronto Dominion Bank in the first quarter worth approximately $32,000. ORG Partners LLC acquired a new position in shares of Toronto Dominion Bank in the first quarter worth approximately $34,000. Finally, Brentview Investment Management LLC acquired a new position in shares of Toronto Dominion Bank in the first quarter worth approximately $40,000. 52.37% of the stock is owned by institutional investors and hedge funds.

Toronto Dominion Bank Price Performance

Shares of NYSE:TD opened at $79.58 on Friday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.09. Toronto Dominion Bank has a twelve month low of $51.25 and a twelve month high of $82.08. The stock’s 50 day moving average is $75.54 and its 200-day moving average is $69.48. The firm has a market capitalization of $135.34 billion, a price-to-earnings ratio of 9.30, a PEG ratio of 1.73 and a beta of 0.80.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last issued its earnings results on Thursday, August 28th. The bank reported $1.91 earnings per share for the quarter, topping analysts’ consensus estimates of $1.46 by $0.45. Toronto Dominion Bank had a return on equity of 13.59% and a net margin of 16.40%.The company had revenue of $10.12 billion for the quarter, compared to analyst estimates of $13.73 billion. During the same period in the prior year, the firm earned $2.05 earnings per share. Toronto Dominion Bank’s revenue for the quarter was up 7.9% on a year-over-year basis. Sell-side analysts forecast that Toronto Dominion Bank will post 5.48 EPS for the current fiscal year.

Toronto Dominion Bank Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Friday, October 10th will be given a dividend of $1.05 per share. The ex-dividend date of this dividend is Friday, October 10th. This is a positive change from Toronto Dominion Bank’s previous quarterly dividend of $0.76. This represents a $4.20 dividend on an annualized basis and a dividend yield of 5.3%. Toronto Dominion Bank’s payout ratio is currently 36.10%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on TD. Desjardins raised Toronto Dominion Bank from a “hold” rating to a “buy” rating in a research note on Wednesday, August 13th. Wall Street Zen lowered Toronto Dominion Bank from a “hold” rating to a “sell” rating in a research note on Friday, September 26th. Finally, Zacks Research lowered Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 13th. Three research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $93.00.

Toronto Dominion Bank Profile

The Toronto-Dominion Bank, together with its subsidiaries, provides various financial products and services in Canada, the United States, and internationally. It operates through four segments: Canadian Personal and Commercial Banking, U.S. Retail, Wealth Management and Insurance, and Wholesale Banking.