HBK Sorce Advisory LLC Purchases Shares of 2,812 Toronto Dominion Bank (The) $TD

HBK Sorce Advisory LLC acquired a new stake in Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,812 shares of the bank’s stock, valued at approximately $207,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Triasima Portfolio Management inc. acquired a new stake in Toronto Dominion Bank during the 2nd quarter valued at approximately $8,492,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in Toronto Dominion Bank by 41.9% during the 1st quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 4,407,273 shares of the bank’s stock valued at $264,134,000 after purchasing an additional 1,302,281 shares during the period. JPMorgan Chase & Co. increased its position in Toronto Dominion Bank by 38.6% during the 1st quarter. JPMorgan Chase & Co. now owns 9,994,402 shares of the bank’s stock valued at $599,064,000 after purchasing an additional 2,780,984 shares during the period. Bank of New York Mellon Corp increased its position in shares of Toronto Dominion Bank by 7.0% during the first quarter. Bank of New York Mellon Corp now owns 1,606,446 shares of the bank’s stock worth $96,290,000 after buying an additional 104,864 shares during the period. Finally, First Citizens Bank & Trust Co. increased its position in shares of Toronto Dominion Bank by 101.3% during the second quarter. First Citizens Bank & Trust Co. now owns 13,258 shares of the bank’s stock worth $974,000 after buying an additional 6,672 shares during the period. 52.37% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently weighed in on TD. Weiss Ratings reiterated a “buy (b)” rating on shares of Toronto Dominion Bank in a research report on Wednesday, October 8th. Desjardins upgraded Toronto Dominion Bank from a “hold” rating to a “buy” rating in a report on Wednesday, August 13th. Royal Bank Of Canada raised Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a research note on Friday, October 3rd. Wall Street Zen cut Toronto Dominion Bank from a “hold” rating to a “sell” rating in a research note on Friday, September 26th. Finally, Zacks Research downgraded shares of Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 13th. Five investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Toronto Dominion Bank currently has an average rating of “Hold” and an average target price of $93.00.

Toronto Dominion Bank Stock Performance

Shares of TD opened at $82.11 on Friday. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.02 and a quick ratio of 1.02. The stock has a 50-day moving average of $78.46 and a 200-day moving average of $72.81. The company has a market cap of $139.30 billion, a PE ratio of 9.59, a P/E/G ratio of 1.68 and a beta of 0.80. Toronto Dominion Bank has a one year low of $51.25 and a one year high of $82.88.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last announced its quarterly earnings data on Thursday, August 28th. The bank reported $1.91 EPS for the quarter, beating 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 firm had revenue of $10.12 billion during the quarter, compared to analysts’ expectations of $13.73 billion. During the same quarter last year, the firm posted $2.05 earnings per share. The company’s revenue for the quarter was up 7.9% compared to the same quarter last year. On average, equities research analysts predict that Toronto Dominion Bank will post 5.48 EPS for the current fiscal year.

Toronto Dominion Bank Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Friday, October 10th were given a $1.05 dividend. This represents a $4.20 annualized dividend and a yield of 5.1%. The ex-dividend date of this dividend was Friday, October 10th. This is an increase from Toronto Dominion Bank’s previous quarterly dividend of $0.76. Toronto Dominion Bank’s payout ratio is 35.63%.

Toronto Dominion Bank Company 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.