Plato Investment Management Ltd Takes Position in The Toronto-Dominion Bank (NYSE:TD)

Plato Investment Management Ltd bought a new stake in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) during the 3rd quarter, according to its most recent filing with the SEC. The firm bought 4,120 shares of the bank’s stock, valued at approximately $261,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. CWM LLC lifted its holdings in Toronto-Dominion Bank by 2.4% in the 3rd quarter. CWM LLC now owns 7,208 shares of the bank’s stock worth $456,000 after buying an additional 170 shares in the last quarter. First Affirmative Financial Network lifted its stake in shares of Toronto-Dominion Bank by 1.9% in the second quarter. First Affirmative Financial Network now owns 10,120 shares of the bank’s stock worth $556,000 after acquiring an additional 190 shares in the last quarter. Balanced Rock Investment Advisors LLC lifted its stake in shares of Toronto-Dominion Bank by 1.4% in the second quarter. Balanced Rock Investment Advisors LLC now owns 14,959 shares of the bank’s stock worth $822,000 after acquiring an additional 203 shares in the last quarter. Hexagon Capital Partners LLC boosted its holdings in Toronto-Dominion Bank by 18.5% in the third quarter. Hexagon Capital Partners LLC now owns 1,337 shares of the bank’s stock valued at $85,000 after purchasing an additional 209 shares during the last quarter. Finally, Brown Brothers Harriman & Co. grew its stake in Toronto-Dominion Bank by 8.8% during the 2nd quarter. Brown Brothers Harriman & Co. now owns 2,610 shares of the bank’s stock valued at $143,000 after purchasing an additional 210 shares in the last quarter. 52.37% of the stock is owned by institutional investors and hedge funds.

Toronto-Dominion Bank Stock Down 1.2 %

TD stock opened at $55.94 on Friday. The firm has a market cap of $97.81 billion, a price-to-earnings ratio of 17.87, a PEG ratio of 1.59 and a beta of 0.82. The Toronto-Dominion Bank has a 1-year low of $53.52 and a 1-year high of $65.12. The firm has a fifty day moving average price of $59.55 and a two-hundred day moving average price of $57.77. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.02 and a quick ratio of 1.02.

Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last announced its quarterly earnings data on Thursday, August 22nd. The bank reported $2.05 earnings per share for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $9.40 billion. During the same quarter in the prior year, the firm earned $1.48 EPS. The company’s revenue for the quarter was up 9.8% compared to the same quarter last year. Research analysts predict that The Toronto-Dominion Bank will post 5.8 EPS for the current year.

Toronto-Dominion Bank Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Thursday, October 10th were issued a $0.739 dividend. This represents a $2.96 annualized dividend and a dividend yield of 5.28%. The ex-dividend date of this dividend was Thursday, October 10th. Toronto-Dominion Bank’s dividend payout ratio (DPR) is 96.17%.

Analyst Ratings Changes

TD has been the subject of a number of recent analyst reports. Royal Bank of Canada downgraded shares of Toronto-Dominion Bank from an “outperform” rating to a “sector perform” rating in a research report on Friday, October 11th. StockNews.com lowered shares of Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a report on Thursday, August 22nd. Finally, National Bank Financial upgraded shares of Toronto-Dominion Bank from an “underperform” rating to a “sector perform” rating in a research note on Thursday, August 22nd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Toronto-Dominion Bank currently has a consensus rating of “Hold” and a consensus target price of $84.00.

Toronto-Dominion Bank 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.