Algert Global LLC Buys Shares of 4,265 Toronto Dominion Bank (The) $TD

Key Points

• Algert Global LLC has purchased a new stake in Toronto Dominion Bank valued at approximately $256,000, acquiring 4,265 shares in the first quarter.
• Other investors, like **Larson Financial Group LLC** and **Financial Management Professionals Inc.**, significantly increased their holdings in Toronto Dominion Bank, reflecting growing institutional interest with **52.37%** of the stock now owned by institutional investors.
• Analyst ratings for Toronto Dominion Bank have varied, with some upgrades and downgrades, leading to a current consensus rating of "Hold" and an average target price of $93.00.

Algert Global LLC bought a new stake in shares of Toronto Dominion Bank (The) (NYSE:TD - Free Report) TSE: TD during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 4,265 shares of the bank's stock, valued at approximately $256,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Northwest & Ethical Investments L.P. grew its position in Toronto Dominion Bank by 38.4% during the first quarter. Northwest & Ethical Investments L.P. now owns 802,497 shares of the bank's stock worth $48,116,000 after buying an additional 222,745 shares in the last quarter. American Century Companies Inc. boosted its holdings in Toronto Dominion Bank by 3.1% during the first quarter. American Century Companies Inc. now owns 344,422 shares of the bank's stock valued at $20,638,000 after purchasing an additional 10,285 shares in the last quarter. Tacita Capital Inc boosted its holdings in Toronto Dominion Bank by 1.0% during the first quarter. Tacita Capital Inc now owns 41,358 shares of the bank's stock valued at $2,479,000 after purchasing an additional 423 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in Toronto Dominion Bank during the first quarter valued at approximately $143,000. Finally, Gulf International Bank UK Ltd boosted its holdings in Toronto Dominion Bank by 2,669.1% during the first quarter. Gulf International Bank UK Ltd now owns 100,877 shares of the bank's stock valued at $6,047,000 after purchasing an additional 97,234 shares in the last quarter. 52.37% of the stock is owned by institutional investors and hedge funds.

Toronto Dominion Bank Trading Down 4.3%

NYSE:TD traded down $3.28 during trading hours on Thursday, hitting $72.86. 6,170,447 shares of the stock were exchanged, compared to its average volume of 1,772,648. The company's 50 day moving average is $73.70 and its two-hundred day moving average is $66.40. Toronto Dominion Bank has a twelve month low of $51.25 and a twelve month high of $78.95. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.09. The company has a market capitalization of $124.97 billion, a P/E ratio of 10.68, a price-to-earnings-growth ratio of 1.67 and a beta of 0.84.

Toronto Dominion Bank Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Friday, October 10th will be issued a dividend of $1.05 per share. This is an increase from Toronto Dominion Bank's previous quarterly dividend of $0.76. This represents a $4.20 annualized dividend and a yield of 5.8%. Toronto Dominion Bank's dividend payout ratio is currently 45.31%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on TD shares. Desjardins raised Toronto Dominion Bank from a "hold" rating to a "buy" rating in a report on Wednesday, August 13th. Royal Bank Of Canada lifted their price objective on Toronto Dominion Bank from $87.00 to $93.00 and gave the company a "sector perform" rating in a report on Friday, May 23rd. Zacks Research downgraded Toronto Dominion Bank from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 13th. Scotiabank initiated coverage on Toronto Dominion Bank in a report on Thursday, May 15th. They issued a "sector perform" rating on the stock. Finally, Wall Street Zen raised Toronto Dominion Bank from a "sell" rating to a "hold" rating in a report on Saturday, May 24th. Three research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $93.00.

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.