Ascent Group LLC Buys Shares of 4,246 Toronto Dominion Bank (The) $TD

Key Points

• Ascent Group LLC has acquired a new stake in Toronto Dominion Bank, purchasing 4,246 shares valued at approximately $255,000 during the first quarter.
• Toronto Dominion Bank's quarterly earnings showed an EPS of $1.91, surpassing analyst expectations of $1.46, although its revenue fell short of estimates at $10.12 billion.
• The bank announced a quarterly dividend increase to $1.05, up from $0.76, with a yield of 5.5%, to be paid on October 31st.

Ascent Group LLC bought a new position in Toronto Dominion Bank (The) (NYSE:TD - Free Report) TSE: TD during the first quarter, according to its most recent filing with the SEC. The firm bought 4,246 shares of the bank's stock, valued at approximately $255,000.

Other large investors have also bought and sold shares of the company. Larson Financial Group LLC lifted its stake in Toronto Dominion Bank by 122.9% during the 1st quarter. Larson Financial Group LLC now owns 428 shares of the bank's stock valued at $26,000 after acquiring an additional 236 shares in the last quarter. Financial Management Professionals Inc. lifted its stake in Toronto Dominion Bank by 322.4% during the 1st quarter. Financial Management Professionals Inc. now owns 490 shares of the bank's stock valued at $29,000 after acquiring an additional 374 shares in the last quarter. Moisand Fitzgerald Tamayo LLC bought a new position in Toronto Dominion Bank during the 1st quarter valued at $32,000. CoreCap Advisors LLC lifted its stake in Toronto Dominion Bank by 57.5% during the 4th quarter. CoreCap Advisors LLC now owns 630 shares of the bank's stock valued at $34,000 after acquiring an additional 230 shares in the last quarter. Finally, ORG Partners LLC bought a new position in Toronto Dominion Bank during the 1st quarter valued at $34,000. 52.37% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

TD has been the topic of several recent analyst reports. Royal Bank Of Canada raised their price objective on Toronto Dominion Bank from $87.00 to $93.00 and gave the company a "sector perform" rating in a research note on Friday, May 23rd. Desjardins upgraded Toronto Dominion Bank from a "hold" rating to a "buy" rating in a research note on Wednesday, August 13th. Wall Street Zen upgraded Toronto Dominion Bank from a "sell" rating to a "hold" rating in a research note on Saturday, May 24th. Finally, Zacks Research cut Toronto Dominion Bank from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 13th. Three investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, Toronto Dominion Bank presently has an average rating of "Hold" and an average target price of $93.00.

Toronto Dominion Bank Stock Performance

TD traded down $0.03 during trading hours on Friday, hitting $76.79. The stock had a trading volume of 1,122,185 shares, compared to its average volume of 1,870,850. The company's fifty day simple moving average is $74.21 and its 200 day simple moving average is $67.62. Toronto Dominion Bank has a 1 year low of $51.25 and a 1 year high of $78.95. The stock has a market cap of $131.17 billion, a PE ratio of 8.97, a price-to-earnings-growth ratio of 1.66 and a beta of 0.81. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.09.

Toronto Dominion Bank (NYSE:TD - Get Free Report) TSE: TD last announced its quarterly earnings data on Thursday, August 28th. The bank reported $1.91 earnings per share for the quarter, topping the consensus estimate of $1.46 by $0.45. Toronto Dominion Bank had a return on equity of 13.59% and a net margin of 16.40%.The company had revenue of $10.12 billion during the quarter, compared to analyst estimates of $13.73 billion. During the same quarter last year, the firm posted $2.05 EPS. The firm's revenue for the quarter was up 7.9% on a year-over-year basis. Equities analysts anticipate that Toronto Dominion Bank will post 5.48 earnings per share for the current year.

Toronto Dominion Bank Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Friday, October 10th will be issued a $1.05 dividend. This is an increase from Toronto Dominion Bank's previous quarterly dividend of $0.76. The ex-dividend date of this dividend is Friday, October 10th. This represents a $4.20 annualized dividend and a yield of 5.5%. Toronto Dominion Bank's payout ratio is 36.10%.

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.