Compass Wealth Management LLC Makes New $1.74 Million Investment in Toronto Dominion Bank (The) $TD

Compass Wealth Management LLC purchased a new position in Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) during the third quarter, HoldingsChannel.com reports. The fund purchased 21,703 shares of the bank’s stock, valued at approximately $1,735,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. AQR Capital Management LLC bought a new stake in Toronto Dominion Bank in the first quarter worth $568,000. Focus Partners Wealth raised its position in shares of Toronto Dominion Bank by 27.7% in the 1st quarter. Focus Partners Wealth now owns 24,970 shares of the bank’s stock worth $1,497,000 after purchasing an additional 5,410 shares during the last quarter. Sivia Capital Partners LLC bought a new position in Toronto Dominion Bank in the 2nd quarter worth about $259,000. Atria Wealth Solutions Inc. purchased a new stake in Toronto Dominion Bank during the 2nd quarter valued at about $233,000. Finally, Private Trust Co. NA increased its stake in Toronto Dominion Bank by 126.0% during the 2nd quarter. Private Trust Co. NA now owns 1,270 shares of the bank’s stock valued at $93,000 after purchasing an additional 708 shares in the last quarter. Institutional investors own 52.37% of the company’s stock.

Toronto Dominion Bank Stock Down 0.3%

TD stock opened at $95.82 on Friday. The company has a market cap of $160.14 billion, a price-to-earnings ratio of 11.37, a P/E/G 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. The business’s 50-day moving average is $94.50 and its two-hundred day moving average is $84.56. 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 results on Thursday, December 4th. The bank reported $1.56 EPS for the quarter, beating the consensus estimate of $1.46 by $0.10. The firm had revenue of $11.44 billion during the quarter, compared to analyst estimates of $10.10 billion. Toronto Dominion Bank had a net margin of 16.52% and a return on equity of 13.90%. The business’s revenue for the quarter was down .1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.72 EPS. As a group, analysts forecast that Toronto Dominion Bank will post 5.48 earnings per share for the current year.

Toronto Dominion Bank Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Saturday, January 31st. Stockholders of record on Friday, January 9th were paid a dividend of $1.08 per share. The ex-dividend date was Friday, January 9th. This represents a $4.32 annualized dividend and a dividend yield of 4.5%. This is a boost from Toronto Dominion Bank’s previous quarterly dividend of $1.05. Toronto Dominion Bank’s dividend payout ratio is 37.37%.

Wall Street Analyst Weigh In

TD has been the topic of a number of recent analyst reports. Jefferies Financial Group cut shares of Toronto Dominion Bank from a “buy” rating to a “hold” rating in a report on Tuesday, November 25th. Wall Street Zen upgraded Toronto Dominion Bank from a “sell” rating to a “hold” rating in a research note on Saturday, February 14th. Raymond James Financial raised Toronto Dominion Bank to a “hold” rating in a report on Monday, November 24th. National Bank Financial raised Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a report on Thursday, December 18th. Finally, Canadian Imperial Bank of Commerce downgraded Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 12th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, Toronto Dominion Bank presently has a consensus rating of “Moderate Buy” and a consensus target price 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.