Baird Financial Group Inc. raised its stake in Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 4.1% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 522,430 shares of the bank’s stock after buying an additional 20,406 shares during the quarter. Baird Financial Group Inc.’s holdings in Toronto-Dominion Bank were worth $30,220,000 as of its most recent SEC filing.
A number of other hedge funds also recently bought and sold shares of TD. Renaissance Technologies LLC raised its stake in shares of Toronto-Dominion Bank by 25.9% during the second quarter. Renaissance Technologies LLC now owns 2,916,380 shares of the bank’s stock valued at $168,742,000 after purchasing an additional 600,205 shares in the last quarter. Bridgewater Associates LP raised its stake in shares of Toronto-Dominion Bank by 260.0% during the second quarter. Bridgewater Associates LP now owns 765,681 shares of the bank’s stock valued at $44,290,000 after purchasing an additional 552,984 shares in the last quarter. Partners Capital Investment Group LLP raised its stake in shares of Toronto-Dominion Bank by 26.2% during the second quarter. Partners Capital Investment Group LLP now owns 69,139 shares of the bank’s stock valued at $4,000,000 after purchasing an additional 14,335 shares in the last quarter. Burney Co. raised its stake in shares of Toronto-Dominion Bank by 8.6% during the second quarter. Burney Co. now owns 15,123 shares of the bank’s stock valued at $875,000 after purchasing an additional 1,203 shares in the last quarter. Finally, Commonwealth Bank of Australia raised its stake in shares of Toronto-Dominion Bank by 4.9% during the second quarter. Commonwealth Bank of Australia now owns 241,585 shares of the bank’s stock valued at $13,993,000 after purchasing an additional 11,373 shares in the last quarter. Institutional investors own 47.91% of the company’s stock.
Shares of NYSE TD opened at $60.25 on Thursday. Toronto-Dominion Bank has a fifty-two week low of $53.76 and a fifty-two week high of $61.47. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.10. The stock has a market cap of $110.63 billion, a P/E ratio of 14.19, a P/E/G ratio of 1.21 and a beta of 0.99.
Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last issued its quarterly earnings data on Thursday, August 30th. The bank reported $1.66 earnings per share for the quarter, beating analysts’ consensus estimates of $1.23 by $0.43. Toronto-Dominion Bank had a net margin of 21.82% and a return on equity of 16.63%. The business had revenue of $7.58 billion for the quarter, compared to analysts’ expectations of $7.23 billion. During the same period in the previous year, the business earned $1.51 earnings per share. analysts predict that Toronto-Dominion Bank will post 4.89 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 31st. Shareholders of record on Wednesday, October 10th will be given a $0.5144 dividend. This represents a $2.06 annualized dividend and a yield of 3.41%. The ex-dividend date of this dividend is Tuesday, October 9th. Toronto-Dominion Bank’s dividend payout ratio (DPR) is presently 48.11%.
Separately, Zacks Investment Research upgraded shares of Toronto-Dominion Bank from a “hold” rating to a “buy” rating and set a $66.00 price objective on the stock in a research note on Wednesday, May 30th. One research analyst has rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the company. The company has an average rating of “Buy” and an average price target of $79.00.
Toronto-Dominion Bank Company Profile
The Toronto-Dominion Bank, together with its subsidiaries, provides various personal and commercial banking products and services in Canada and the United States. It operates through three segments: Canadian Retail, U.S. Retail, and Wholesale Banking. The company offers personal deposits, such as checking, savings, and investment products; financing, investment, cash management, international trade, and day-to-day banking services to small, medium, and large businesses; financing options to customers at point of sale for automotive and recreational vehicle purchases through auto dealer network; credit cards; investing, advice-based, and asset management services to retail and institutional clients; and property and casualty insurance, as well as life and health insurance products.
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