Connor Clark & Lunn Investment Management Ltd. boosted its stake in The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD by 1.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,761,308 shares of the bank's stock after buying an additional 144,427 shares during the period. Toronto-Dominion Bank accounts for approximately 3.0% of Connor Clark & Lunn Investment Management Ltd.'s investment portfolio, making the stock its 3rd largest holding. Connor Clark & Lunn Investment Management Ltd. owned 0.56% of Toronto-Dominion Bank worth $617,166,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently bought and sold shares of TD. Triad Wealth Partners LLC bought a new position in Toronto-Dominion Bank in the 2nd quarter worth approximately $31,000. Blue Trust Inc. raised its holdings in shares of Toronto-Dominion Bank by 50.7% in the second quarter. Blue Trust Inc. now owns 630 shares of the bank's stock valued at $38,000 after purchasing an additional 212 shares during the last quarter. Kimelman & Baird LLC bought a new position in Toronto-Dominion Bank during the second quarter worth $49,000. BOKF NA raised its stake in Toronto-Dominion Bank by 203.6% in the first quarter. BOKF NA now owns 1,014 shares of the bank's stock valued at $61,000 after purchasing an additional 680 shares in the last quarter. Finally, Eastern Bank bought a new stake in shares of Toronto-Dominion Bank during the third quarter worth about $66,000. 52.37% of the stock is owned by institutional investors and hedge funds.
Toronto-Dominion Bank Price Performance
Shares of NYSE TD traded up $0.11 during mid-day trading on Wednesday, reaching $55.94. 955,190 shares of the company traded hands, compared to its average volume of 2,740,175. The stock has a fifty day simple moving average of $59.25 and a 200-day simple moving average of $57.73. The Toronto-Dominion Bank has a fifty-two week low of $53.52 and a fifty-two week high of $65.12. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.02 and a quick ratio of 1.02. The firm has a market cap of $97.91 billion, a PE ratio of 17.84, a price-to-earnings-growth ratio of 1.59 and a beta of 0.82.
Toronto-Dominion Bank (NYSE:TD - Get Free Report) TSE: TD last issued its earnings results on Thursday, August 22nd. The bank reported $2.05 earnings per share for the quarter, beating the consensus estimate of $1.49 by $0.56. Toronto-Dominion Bank had a net margin of 6.94% and a return on equity of 14.34%. The business had revenue of $14.18 billion for the quarter, compared to analyst estimates of $9.40 billion. During the same period in the previous year, the business earned $1.48 EPS. The firm's revenue was up 9.8% on a year-over-year basis. Equities research analysts anticipate that The Toronto-Dominion Bank will post 5.8 EPS for the current fiscal year.
Toronto-Dominion Bank Cuts Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Thursday, October 10th were given a dividend of $0.739 per share. This represents a $2.96 dividend on an annualized basis and a yield of 5.28%. The ex-dividend date of this dividend was Thursday, October 10th. Toronto-Dominion Bank's dividend payout ratio is 96.17%.
Analyst Ratings Changes
A number of analysts recently weighed in on TD shares. StockNews.com downgraded Toronto-Dominion Bank from a "hold" rating to a "sell" rating in a research report on Thursday, August 22nd. National Bank Financial raised Toronto-Dominion Bank from an "underperform" rating to a "sector perform" rating in a research note on Thursday, August 22nd. Finally, Royal Bank of Canada downgraded Toronto-Dominion Bank from an "outperform" rating to a "sector perform" rating in a report on Friday, October 11th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Toronto-Dominion Bank has an average rating of "Hold" and a consensus price target of $84.00.
Get Our Latest Stock Analysis on TD
About Toronto-Dominion Bank
(
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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