Headlands Technologies LLC Makes New Investment in The Toronto-Dominion Bank (NYSE:TD)

Headlands Technologies LLC bought a new stake in The Toronto-Dominion Bank (NYSE:TDFree Report) (TSE:TD) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,567 shares of the bank’s stock, valued at approximately $155,000.

A number of other institutional investors also recently modified their holdings of TD. Raymond James Trust N.A. lifted its position in Toronto-Dominion Bank by 1.7% during the first quarter. Raymond James Trust N.A. now owns 9,868 shares of the bank’s stock worth $784,000 after purchasing an additional 161 shares during the period. Western Wealth Management LLC lifted its position in Toronto-Dominion Bank by 2.2% during the second quarter. Western Wealth Management LLC now owns 7,436 shares of the bank’s stock worth $461,000 after purchasing an additional 162 shares during the period. Daymark Wealth Partners LLC lifted its position in Toronto-Dominion Bank by 4.1% during the third quarter. Daymark Wealth Partners LLC now owns 4,314 shares of the bank’s stock worth $260,000 after purchasing an additional 170 shares during the period. Centaurus Financial Inc. lifted its position in Toronto-Dominion Bank by 7.7% during the first quarter. Centaurus Financial Inc. now owns 2,447 shares of the bank’s stock worth $147,000 after purchasing an additional 174 shares during the period. Finally, State Street Corp lifted its position in Toronto-Dominion Bank by 2.3% during the first quarter. State Street Corp now owns 8,058 shares of the bank’s stock worth $483,000 after purchasing an additional 184 shares during the period. Institutional investors own 51.52% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on the company. StockNews.com raised Toronto-Dominion Bank from a “sell” rating to a “hold” rating in a research note on Monday, December 4th. Bank of America downgraded Toronto-Dominion Bank from a “buy” rating to a “neutral” rating in a research note on Monday, December 18th. Scotiabank downgraded Toronto-Dominion Bank from a “sector outperform” rating to a “sector perform” rating in a research note on Wednesday, December 20th. Finally, CIBC downgraded Toronto-Dominion Bank from a “sector outperform” rating to a “neutral” rating in a research note on Wednesday, November 22nd. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, Toronto-Dominion Bank has an average rating of “Hold” and a consensus price target of $93.00.

Check Out Our Latest Report on TD

Toronto-Dominion Bank Price Performance

Toronto-Dominion Bank stock opened at $59.36 on Monday. The stock has a market capitalization of $105.35 billion, a price-to-earnings ratio of 14.30, a PEG ratio of 2.30 and a beta of 0.87. The Toronto-Dominion Bank has a 52-week low of $54.69 and a 52-week high of $70.67. The stock’s 50 day moving average price is $61.60 and its two-hundred day moving average price is $60.90. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.00 and a current ratio of 1.00.

Toronto-Dominion Bank (NYSE:TDGet Free Report) (TSE:TD) last posted its quarterly earnings results on Thursday, November 30th. The bank reported $1.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.39 by ($0.04). Toronto-Dominion Bank had a return on equity of 14.68% and a net margin of 10.65%. The business had revenue of $13.19 billion for the quarter, compared to the consensus estimate of $9.02 billion. During the same quarter in the previous year, the company posted $1.64 earnings per share. Toronto-Dominion Bank’s quarterly revenue was up 7.7% on a year-over-year basis. On average, equities analysts predict that The Toronto-Dominion Bank will post 5.87 earnings per share for the current year.

Toronto-Dominion Bank Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 31st. Investors of record on Wednesday, January 10th were issued a $0.7506 dividend. This is a boost from Toronto-Dominion Bank’s previous quarterly dividend of $0.73. This represents a $3.00 dividend on an annualized basis and a dividend yield of 5.06%. The ex-dividend date was Tuesday, January 9th. Toronto-Dominion Bank’s dividend payout ratio (DPR) is currently 68.19%.

Toronto-Dominion Bank Company Profile

(Free Report)

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.

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

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