Vise Technologies Inc. Buys 6,901 Shares of Toronto Dominion Bank (The) $TD

Vise Technologies Inc. raised its stake in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 14.4% during the 3rd quarter, Holdings Channel reports. The fund owned 54,984 shares of the bank’s stock after purchasing an additional 6,901 shares during the period. Vise Technologies Inc.’s holdings in Toronto Dominion Bank were worth $6,462,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in TD. Dimensional Fund Advisors LP lifted its stake in shares of Toronto Dominion Bank by 8.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 7,565,982 shares of the bank’s stock worth $705,950,000 after purchasing an additional 589,316 shares during the last quarter. Bank of America Corp DE grew its position in shares of Toronto Dominion Bank by 7.8% in the 1st quarter. Bank of America Corp DE now owns 4,967,545 shares of the bank’s stock worth $463,522,000 after buying an additional 358,412 shares during the last quarter. Bank of New York Mellon Corp bought a new position in shares of Toronto Dominion Bank during the 2nd quarter worth approximately $202,900,000. SEB Asset Management AB purchased a new stake in Toronto Dominion Bank during the first quarter valued at approximately $139,123,000. Finally, Hillsdale Investment Management Inc. lifted its position 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 valued at $112,185,000 after acquiring an additional 34,921 shares during the last quarter. 52.37% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

TD has been the topic of several analyst reports. Weiss Ratings raised shares of Toronto Dominion Bank from a “buy (b+)” rating to a “buy (a-)” rating in a report on Wednesday, October 21st. Wall Street Zen raised Toronto Dominion Bank from a “sell” rating to a “hold” rating in a research report on Saturday, August 22nd. Finally, Keefe, Bruyette & Woods assumed coverage on Toronto Dominion Bank in a report on Friday, August 21st. They set a “market perform” rating for the company. Two investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and four have given 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 Stock Performance

TD opened at $125.01 on Tuesday. Toronto Dominion Bank has a 52-week low of $79.52 and a 52-week high of $127.96. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.09. The company has a market cap of $203.68 billion, a P/E ratio of 18.58, a price-to-earnings-growth ratio of 1.26 and a beta of 0.75. The firm’s 50-day moving average price is $120.64 and its 200-day moving average price is $110.61.

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

Toronto Dominion Bank Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Saturday, October 31st. Shareholders of record on Friday, October 9th were paid a dividend of C$1.12 per share. The ex-dividend date was Friday, October 9th. This represents a $4.48 dividend on an annualized basis and a yield of 3.6%. Toronto Dominion Bank’s dividend payout ratio is presently 46.66%.

Toronto Dominion Bank announced that its board has approved a stock buyback program on Wednesday, September 30th that authorizes the company to repurchase $7.14 billion in shares. This buyback authorization authorizes the bank to purchase up to 3.5% of its shares through open market purchases. Stock buyback programs are often an indication that the company’s board believes its stock is undervalued.

Toronto Dominion Bank Company Profile

Toronto-Dominion Bank, operating as TD Bank Group, is a Canadian financial services company headquartered in Toronto, Ontario. The institution traces its history to the Bank of Toronto, founded in 1855, and the Dominion Bank, founded in 1869; the two banks merged in 1955 to form Toronto-Dominion Bank.

TD provides a broad range of banking and financial services through its Canadian and U.S. operations. Its offerings include personal and business deposit accounts, mortgages, consumer and commercial lending, credit cards, investment products, insurance, wealth management and financial advice.