Cerity Partners LLC Makes New Investment in The Toronto-Dominion Bank (NYSE:TD)

Cerity Partners LLC acquired a new position in shares of The Toronto-Dominion Bank (NYSE:TDGet Rating) (TSE:TD) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 6,457 shares of the bank’s stock, valued at approximately $423,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Toronto-Dominion Bank by 12.6% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 14,243,311 shares of the bank’s stock valued at $1,129,773,000 after acquiring an additional 1,599,227 shares during the last quarter. RMR Wealth Builders bought a new stake in shares of Toronto-Dominion Bank in the 1st quarter valued at about $262,000. Greenfield Savings Bank bought a new stake in shares of Toronto-Dominion Bank in the 2nd quarter valued at about $554,000. Lake Street Financial LLC bought a new stake in shares of Toronto-Dominion Bank in the 2nd quarter valued at about $355,000. Finally, Yousif Capital Management LLC grew its position in shares of Toronto-Dominion Bank by 4.9% in the 2nd quarter. Yousif Capital Management LLC now owns 29,700 shares of the bank’s stock valued at $1,948,000 after purchasing an additional 1,380 shares during the period. 49.10% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

TD has been the subject of several research analyst reports. Canaccord Genuity Group decreased their price objective on Toronto-Dominion Bank from C$96.00 to C$94.50 in a research report on Monday, August 29th. Scotiabank decreased their price objective on Toronto-Dominion Bank from C$102.00 to C$101.00 in a research report on Thursday, August 18th. National Bank Financial decreased their price objective on Toronto-Dominion Bank from C$106.00 to C$103.00 in a research report on Friday. Royal Bank of Canada upgraded Toronto-Dominion Bank from a “sector perform” rating to an “outperform” rating in a research report on Friday, August 26th. Finally, StockNews.com initiated coverage on Toronto-Dominion Bank in a research report on Wednesday, October 12th. They issued a “hold” rating for the company. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $100.80.

Toronto-Dominion Bank Trading Up 0.3 %

NYSE:TD opened at $66.79 on Friday. The Toronto-Dominion Bank has a twelve month low of $57.27 and a twelve month high of $86.01. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.12. The business has a 50 day moving average price of $63.83 and a two-hundred day moving average price of $66.38. The company has a market cap of $121.20 billion, a P/E ratio of 10.74, a price-to-earnings-growth ratio of 1.40 and a beta of 0.90.

Toronto-Dominion Bank (NYSE:TDGet Rating) (TSE:TD) last released its quarterly earnings data on Thursday, August 25th. The bank reported $1.62 EPS for the quarter, beating the consensus estimate of $1.56 by $0.06. The company had revenue of $8.49 billion during the quarter, compared to the consensus estimate of $10.63 billion. Toronto-Dominion Bank had a return on equity of 16.09% and a net margin of 22.93%. During the same quarter in the prior year, the firm posted $1.60 EPS. As a group, analysts expect that The Toronto-Dominion Bank will post 6.2 EPS for the current fiscal year.

Toronto-Dominion Bank Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 31st. Stockholders of record on Friday, October 7th were issued a $0.696 dividend. This represents a $2.78 annualized dividend and a dividend yield of 4.17%. The ex-dividend date of this dividend was Thursday, October 6th. This is an increase from Toronto-Dominion Bank’s previous quarterly dividend of $0.69. Toronto-Dominion Bank’s dividend payout ratio is presently 41.32%.

About Toronto-Dominion Bank

(Get Rating)

The Toronto-Dominion Bank, together with its subsidiaries, provides various financial products and services in Canada, the United States, and internationally. It operates through three segments: Canadian Retail, U.S. Retail, and Wholesale Banking. The company offers personal deposits, such as chequing, savings, and investment products; financing, investment, cash management, international trade, and day-to-day banking services to businesses; and financing options to customers at point of sale for automotive and recreational vehicle purchases.

Further Reading

Want to see what other hedge funds are holding TD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Toronto-Dominion Bank (NYSE:TDGet Rating) (TSE:TD).

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

Receive News & Ratings for Toronto-Dominion Bank Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Toronto-Dominion Bank and related companies with MarketBeat.com's FREE daily email newsletter.