The Toronto-Dominion Bank (NYSE:TD) Shares Acquired by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lifted its stake in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 61.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,806,974 shares of the bank’s stock after buying an additional 2,215,185 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Toronto-Dominion Bank were worth $319,151,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Mather Group LLC. acquired a new position in Toronto-Dominion Bank during the first quarter worth approximately $29,000. LifeSteps Financial Inc. acquired a new stake in Toronto-Dominion Bank during the 1st quarter worth $30,000. Triad Wealth Partners LLC purchased a new position in Toronto-Dominion Bank during the 2nd quarter worth $31,000. Optiver Holding B.V. acquired a new position in Toronto-Dominion Bank in the 4th quarter valued at about $39,000. Finally, Blue Trust Inc. increased 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 period. Institutional investors and hedge funds own 52.37% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on TD shares. StockNews.com lowered shares of Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a research note on Thursday, August 22nd. UBS Group initiated coverage on Toronto-Dominion Bank in a report on Tuesday, July 2nd. They issued a “neutral” rating for the company. Cibc World Mkts raised shares of Toronto-Dominion Bank from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 24th. National Bank Financial upgraded Toronto-Dominion Bank from an “underperform” rating to a “sector perform” rating in a report on Thursday, August 22nd. Finally, BMO Capital Markets reduced their price objective on Toronto-Dominion Bank from $86.00 to $84.00 and set a “market perform” rating for the company in a report on Friday, May 24th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $84.00.

Toronto-Dominion Bank Stock Performance

Toronto-Dominion Bank stock opened at $62.93 on Tuesday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.02 and a current ratio of 1.02. The Toronto-Dominion Bank has a fifty-two week low of $53.52 and a fifty-two week high of $65.12. The stock has a fifty day moving average of $58.63 and a two-hundred day moving average of $57.76. The company has a market capitalization of $109.95 billion, a price-to-earnings ratio of 14.30, a PEG ratio of 1.81 and a beta of 0.81.

Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last announced its earnings results on Thursday, August 22nd. The bank reported $2.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.49 by $0.56. The firm had revenue of $14.18 billion for the quarter, compared to analyst estimates of $9.40 billion. Toronto-Dominion Bank had a net margin of 6.94% and a return on equity of 14.34%. Toronto-Dominion Bank’s revenue was up 9.8% compared to the same quarter last year. During the same quarter last year, the business earned $1.48 earnings per share. On average, analysts anticipate that The Toronto-Dominion Bank will post 5.84 EPS for the current fiscal year.

Toronto-Dominion Bank Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Thursday, October 10th will be issued a $0.739 dividend. The ex-dividend date is Thursday, October 10th. This represents a $2.96 dividend on an annualized basis and a yield of 4.70%. Toronto-Dominion Bank’s payout ratio is 68.64%.

Toronto-Dominion Bank Company Profile

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.