Plato Investment Management Ltd Takes $2.99 Million Position in Toronto Dominion Bank (The) $TD

Plato Investment Management Ltd acquired a new stake in Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) during the second quarter, HoldingsChannel.com reports. The fund acquired 40,872 shares of the bank’s stock, valued at approximately $2,989,000.

A number of other institutional investors also recently modified their holdings of TD. Larson Financial Group LLC boosted its stake in shares of Toronto Dominion Bank by 122.9% in the 1st quarter. Larson Financial Group LLC now owns 428 shares of the bank’s stock valued at $26,000 after purchasing an additional 236 shares during the last quarter. Quaker Wealth Management LLC boosted its stake in Toronto Dominion Bank by 200.0% during the second quarter. Quaker Wealth Management LLC now owns 428 shares of the bank’s stock worth $31,000 after acquiring an additional 856 shares in the last quarter. Richardson Financial Services Inc. bought a new position in Toronto Dominion Bank during the second quarter worth $34,000. Brentview Investment Management LLC bought a new position in Toronto Dominion Bank during the first quarter worth $40,000. Finally, Colonial Trust Advisors bought a new position in Toronto Dominion Bank during the first quarter worth $44,000. 52.37% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Royal Bank Of Canada raised shares of Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a research note on Friday, October 3rd. Zacks Research lowered shares of Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 13th. Desjardins raised shares of Toronto Dominion Bank from a “hold” rating to a “buy” rating in a research note on Wednesday, August 13th. Wall Street Zen lowered shares of Toronto Dominion Bank from a “hold” rating to a “sell” rating in a research note on Friday, September 26th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Toronto Dominion Bank in a research note on Wednesday, October 8th. Five research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $93.00.

Toronto Dominion Bank Stock Performance

TD opened at $82.11 on Friday. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.09. The company’s fifty day moving average price is $78.46 and its two-hundred day moving average price is $72.81. Toronto Dominion Bank has a 1-year low of $51.25 and a 1-year high of $82.88. The company has a market cap of $139.30 billion, a price-to-earnings ratio of 9.59, a PEG ratio of 1.68 and a beta of 0.80.

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

Toronto Dominion Bank Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Friday, October 10th were issued a dividend of $1.05 per share. The ex-dividend date was Friday, October 10th. This is a positive change from Toronto Dominion Bank’s previous quarterly dividend of $0.76. This represents a $4.20 annualized dividend and a yield of 5.1%. Toronto Dominion Bank’s dividend payout ratio is currently 35.63%.

About Toronto Dominion Bank

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.