Ativo Capital Management LLC Invests $801,000 in Toronto Dominion Bank (The) $TD

Ativo Capital Management LLC acquired a new position in Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) during the 3rd quarter, HoldingsChannel reports. The fund acquired 10,015 shares of the bank’s stock, valued at approximately $801,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. True Wealth Design LLC purchased a new stake in shares of Toronto Dominion Bank in the third quarter valued at approximately $27,000. Mather Group LLC. acquired a new stake in Toronto Dominion Bank during the 3rd quarter worth $30,000. Quaker Wealth Management LLC grew its stake in Toronto Dominion Bank by 200.0% during the 2nd quarter. Quaker Wealth Management LLC now owns 428 shares of the bank’s stock valued at $31,000 after acquiring an additional 856 shares in the last quarter. Elevation Point Wealth Partners LLC acquired a new position in shares of Toronto Dominion Bank during the 2nd quarter worth approximately $32,000. Finally, Sachetta LLC acquired a new position in Toronto Dominion Bank during the third quarter worth $33,000. Hedge funds and other institutional investors own 52.37% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on TD. Jefferies Financial Group lowered shares of Toronto Dominion Bank from a “buy” rating to a “hold” rating in a report on Tuesday, November 25th. Raymond James Financial raised Toronto Dominion Bank to a “hold” rating in a research note on Monday, November 24th. Weiss Ratings reissued a “buy (b)” rating on shares of Toronto Dominion Bank in a research report on Wednesday, January 21st. National Bank Financial raised Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a research report on Thursday, December 18th. Finally, Wall Street Zen lowered Toronto Dominion Bank from a “hold” rating to a “sell” rating in a report on Saturday, January 10th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $93.00.

Toronto Dominion Bank Stock Performance

NYSE TD opened at $93.48 on Friday. The business’s 50-day moving average price is $91.67 and its 200 day moving average price is $82.48. Toronto Dominion Bank has a 52-week low of $54.14 and a 52-week high of $96.44. The firm has a market cap of $156.88 billion, a P/E ratio of 11.09, a P/E/G ratio of 1.32 and a beta of 0.67. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.09.

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, topping the consensus estimate of $1.46 by $0.10. The business had revenue of $11.44 billion during the quarter, compared to analysts’ expectations of $10.10 billion. Toronto Dominion Bank had a return on equity of 13.90% and a net margin of 16.52%.The company’s quarterly revenue was down .1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.72 earnings per share. On average, equities research analysts expect that Toronto Dominion Bank will post 5.48 earnings per share for the current year.

Toronto Dominion Bank Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, January 31st. Shareholders of record on Friday, January 9th were issued a $1.08 dividend. The ex-dividend date of this dividend was Friday, January 9th. This represents a $4.32 dividend on an annualized basis and a yield of 4.6%. This is a boost from Toronto Dominion Bank’s previous quarterly dividend of $1.05. Toronto Dominion Bank’s dividend payout ratio is presently 37.37%.

About Toronto Dominion Bank

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.