Tableaux LLC Invests $5.86 Million in Toronto Dominion Bank (The) $TD

Tableaux LLC bought a new stake in Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 73,310 shares of the bank’s stock, valued at approximately $5,861,000. Toronto Dominion Bank comprises 2.3% of Tableaux LLC’s portfolio, making the stock its 13th largest position.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in TD. True Wealth Design LLC bought a new position in Toronto Dominion Bank during the 3rd quarter worth approximately $27,000. Mather Group LLC. acquired a new stake in shares of Toronto Dominion Bank during the third quarter worth $30,000. Sachetta LLC bought a new position in Toronto Dominion Bank during the third quarter worth $33,000. Quaker Wealth Management LLC raised its stake in Toronto Dominion Bank by 200.0% during the second quarter. Quaker Wealth Management LLC now owns 428 shares of the bank’s stock worth $31,000 after buying an additional 856 shares during the last quarter. Finally, Elevation Point Wealth Partners LLC acquired a new position in Toronto Dominion Bank in the second quarter valued at $32,000. Institutional investors and hedge funds own 52.37% of the company’s stock.

Toronto Dominion Bank Stock Down 0.7%

TD stock opened at $95.15 on Wednesday. The stock’s 50 day simple moving average is $94.76 and its 200 day simple moving average is $85.20. The company has a market cap of $159.02 billion, a P/E ratio of 11.29, a price-to-earnings-growth ratio of 1.28 and a beta of 0.67. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.03 and a current ratio of 1.03. Toronto Dominion Bank has a fifty-two week low of $54.87 and a fifty-two week high of $99.04.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last released its quarterly earnings data on Thursday, December 4th. The bank reported $1.56 EPS for the quarter, beating the consensus estimate of $1.46 by $0.10. Toronto Dominion Bank had a return on equity of 13.90% and a net margin of 16.52%.The firm had revenue of $11.44 billion during the quarter, compared to the consensus estimate of $10.10 billion. During the same quarter in the previous year, the company posted $1.72 earnings per share. The company’s quarterly revenue was down .1% on a year-over-year basis. On average, research analysts expect that Toronto Dominion Bank will post 5.48 earnings per share for the current fiscal year.

Toronto Dominion Bank Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, January 31st. Shareholders of record on Friday, January 9th were issued a dividend of $1.08 per share. The ex-dividend date was Friday, January 9th. This is a positive change from Toronto Dominion Bank’s previous quarterly dividend of $1.05. This represents a $4.32 annualized dividend and a yield of 4.5%. Toronto Dominion Bank’s dividend payout ratio is currently 37.25%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Jefferies Financial Group downgraded Toronto Dominion Bank from a “buy” rating to a “hold” rating in a report on Tuesday, November 25th. National Bank Financial raised Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a research note on Thursday, December 18th. Weiss Ratings reiterated a “buy (b)” rating on shares of Toronto Dominion Bank in a report on Wednesday, January 21st. Raymond James Financial raised Toronto Dominion Bank to a “hold” rating in a research note on Monday, November 24th. Finally, Canadian Imperial Bank of Commerce downgraded shares of Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 12th. Two research 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’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $93.00.

Toronto Dominion Bank Company Profile

Toronto-Dominion Bank (TD) is a Canadian multinational banking and financial services company headquartered in Toronto, Ontario. Formed through the 1955 merger of the Bank of Toronto (founded 1855) and the Dominion Bank (founded 1869), TD is one of Canada’s largest banks and offers a broad range of financial products and services to individual, small business, commercial and institutional clients.

TD’s core businesses include Canadian and U.S. personal and commercial banking, wealth management, wholesale banking and insurance.