Headlands Technologies LLC Invests $155,000 in The Toronto-Dominion Bank (NYSE:TD)

Headlands Technologies LLC purchased a new position in shares of The Toronto-Dominion Bank (NYSE:TDFree Report) (TSE:TD) during the 3rd quarter, Holdings Channel.com reports. The institutional investor purchased 2,567 shares of the bank’s stock, valued at approximately $155,000.

Several other institutional investors have also modified their holdings of the company. Raymond James Trust N.A. boosted its stake in shares of Toronto-Dominion Bank by 1.7% during the 1st quarter. Raymond James Trust N.A. now owns 9,868 shares of the bank’s stock worth $784,000 after acquiring an additional 161 shares in the last quarter. Western Wealth Management LLC raised its holdings in Toronto-Dominion Bank by 2.2% in the 2nd quarter. Western Wealth Management LLC now owns 7,436 shares of the bank’s stock valued at $461,000 after acquiring an additional 162 shares during the last quarter. Daymark Wealth Partners LLC raised its holdings in Toronto-Dominion Bank by 4.1% in the 3rd quarter. Daymark Wealth Partners LLC now owns 4,314 shares of the bank’s stock valued at $260,000 after acquiring an additional 170 shares during the last quarter. Centaurus Financial Inc. raised its holdings in Toronto-Dominion Bank by 7.7% in the 1st quarter. Centaurus Financial Inc. now owns 2,447 shares of the bank’s stock valued at $147,000 after acquiring an additional 174 shares during the last quarter. Finally, State Street Corp grew its stake in shares of Toronto-Dominion Bank by 2.3% during the 1st quarter. State Street Corp now owns 8,058 shares of the bank’s stock valued at $483,000 after buying an additional 184 shares during the period. Hedge funds and other institutional investors own 51.52% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on TD shares. CIBC cut shares of Toronto-Dominion Bank from a “sector outperform” rating to a “neutral” rating in a research report on Wednesday, November 22nd. StockNews.com raised shares of Toronto-Dominion Bank from a “sell” rating to a “hold” rating in a research report on Monday, December 4th. Scotiabank cut shares of Toronto-Dominion Bank from a “sector outperform” rating to a “sector perform” rating in a research report on Wednesday, December 20th. Finally, Bank of America cut shares of Toronto-Dominion Bank from a “buy” rating to a “neutral” rating in a research report on Monday, December 18th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $93.00.

View Our Latest Analysis on TD

Toronto-Dominion Bank Price Performance

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

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

Toronto-Dominion Bank Increases Dividend

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

Toronto-Dominion Bank 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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