Toronto Dominion Bank (The) $TD Stock Acquired by Emergent Wealth Advisors LLC

Emergent Wealth Advisors LLC lifted its holdings in Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 192.1% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 11,849 shares of the bank’s stock after buying an additional 7,792 shares during the period. Emergent Wealth Advisors LLC’s holdings in Toronto Dominion Bank were worth $1,393,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in TD. Hillsdale Investment Management Inc. increased its stake in Toronto Dominion Bank by 3.0% during the first quarter. Hillsdale Investment Management Inc. now owns 1,201,500 shares of the bank’s stock worth $112,185,000 after acquiring an additional 34,921 shares during the last quarter. Alberta Investment Management Corp bought a new position in shares of Toronto Dominion Bank during the 4th quarter valued at approximately $299,850,000. State of Wyoming raised its holdings in Toronto Dominion Bank by 1,018.7% during the 1st quarter. State of Wyoming now owns 22,765 shares of the bank’s stock valued at $2,119,000 after buying an additional 20,730 shares during the period. Bank of New York Mellon Corp purchased a new position in Toronto Dominion Bank during the second quarter worth $202,900,000. Finally, Ninepoint Partners LP bought a new position in Toronto Dominion Bank during the second quarter valued at $29,903,000. 52.37% of the stock is currently owned by hedge funds and other institutional investors.

Toronto Dominion Bank Price Performance

Shares of TD stock opened at $114.04 on Friday. The company has a market capitalization of $187.58 billion, a P/E ratio of 16.95, a P/E/G ratio of 1.13 and a beta of 0.75. The company’s 50-day simple moving average is $120.24 and its two-hundred day simple moving average is $114.20. Toronto Dominion Bank has a one year low of $77.95 and a one year high of $125.46. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.03 and a quick ratio of 1.03.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last posted its quarterly earnings results on Thursday, August 27th. The bank reported $1.98 earnings per share for the quarter, beating the consensus estimate of $1.74 by $0.24. The firm had revenue of $12.07 billion during the quarter, compared to the consensus estimate of $10.70 billion. Toronto Dominion Bank had a net margin of 14.41% and a return on equity of 14.88%. The company’s revenue was up 6.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.20 earnings per share. As a group, equities analysts anticipate that Toronto Dominion Bank will post 7.04 EPS for the current year.

Toronto Dominion Bank Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Saturday, October 31st. Shareholders of record on Friday, October 9th will be given a dividend of C$1.12 per share. The ex-dividend date of this dividend is Friday, October 9th. This represents a $4.48 dividend on an annualized basis and a yield of 3.9%. Toronto Dominion Bank’s payout ratio is 46.81%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on TD. Weiss Ratings upgraded shares of Toronto Dominion Bank from a “buy (b)” rating to a “buy (b+)” rating in a report on Monday, September 28th. Wall Street Zen raised shares of Toronto Dominion Bank from a “sell” rating to a “hold” rating in a research note on Saturday, August 22nd. Finally, Keefe, Bruyette & Woods assumed coverage on Toronto Dominion Bank in a report on Friday, August 21st. They issued a “market perform” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $148.00.

Toronto Dominion Bank Company Profile

Toronto-Dominion Bank, operating as TD Bank Group, is a Canadian financial services company headquartered in Toronto, Ontario. The bank was formed in 1955 through the merger of The Bank of Toronto and The Dominion Bank and serves customers in Canada and the United States.

TD provides a broad range of banking and financial services, including personal and commercial deposit accounts, lending, mortgages, credit cards, payments, investment products and financial advice. Its Canadian operations serve individuals, businesses and institutions, while its U.S.