Boston Common Asset Management LLC Purchases New Position in Toronto Dominion Bank (The) $TD

Key Points

• Boston Common Asset Management LLC acquired 4,908 shares of Toronto Dominion Bank, valued at approximately $360,000, during the 2nd quarter.
• The bank's recent quarterly earnings report showed an EPS of $1.91, exceeding expectations of $1.46, and it reported a revenue increase of 7.9% year-over-year.
• Toronto Dominion Bank has announced an increase in its quarterly dividend to $1.05 per share, reflecting a boost from its previous dividend of $0.76.

Boston Common Asset Management LLC acquired a new position in shares of Toronto Dominion Bank (The) (NYSE:TD - Free Report) TSE: TD during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,908 shares of the bank's stock, valued at approximately $360,000.

Other hedge funds also recently modified their holdings of the company. Larson Financial Group LLC grew its position in Toronto Dominion Bank by 122.9% during the 1st quarter. Larson Financial Group LLC now owns 428 shares of the bank's stock worth $26,000 after acquiring an additional 236 shares during the last quarter. Moisand Fitzgerald Tamayo LLC acquired a new position in Toronto Dominion Bank in the first quarter worth $32,000. ORG Partners LLC bought a new stake in shares of Toronto Dominion Bank during the first quarter worth $34,000. Brentview Investment Management LLC acquired a new stake in shares of Toronto Dominion Bank in the first quarter valued at $40,000. Finally, Colonial Trust Advisors bought a new position in shares of Toronto Dominion Bank in the first quarter valued at about $44,000. Institutional investors and hedge funds own 52.37% of the company's stock.

Toronto Dominion Bank Stock Up 1.9%

Shares of NYSE:TD opened at $81.13 on Monday. The company has a 50 day moving average price of $75.66 and a two-hundred day moving average price of $69.77. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.02 and a current ratio of 1.02. The company has a market capitalization of $137.99 billion, a PE ratio of 9.48, a PEG ratio of 1.66 and a beta of 0.80. Toronto Dominion Bank has a 52 week low of $51.25 and a 52 week high of $82.08.

Toronto Dominion Bank (NYSE:TD - Get Free Report) TSE: TD last announced its quarterly earnings results on Thursday, August 28th. The bank reported $1.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.46 by $0.45. Toronto Dominion Bank had a net margin of 16.40% and a return on equity of 13.59%. The company had revenue of $10.12 billion during the quarter, compared to analyst estimates of $13.73 billion. During the same quarter in the previous year, the business earned $2.05 EPS. The firm's revenue was up 7.9% on a year-over-year basis. 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 disclosed a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Friday, October 10th will be given a $1.05 dividend. The ex-dividend date is Friday, October 10th. This represents a $4.20 annualized dividend and a dividend yield of 5.2%. This is a boost from Toronto Dominion Bank's previous quarterly dividend of $0.76. Toronto Dominion Bank's payout ratio is presently 36.10%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Desjardins upgraded shares of Toronto Dominion Bank from a "hold" rating to a "buy" rating in a research report on Wednesday, August 13th. Royal Bank Of Canada raised Toronto Dominion Bank from a "sector perform" rating to an "outperform" rating in a report on Friday. Wall Street Zen lowered Toronto Dominion Bank from a "hold" rating to a "sell" rating in a research report on Friday, September 26th. Zacks Research downgraded Toronto Dominion Bank from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 13th. Finally, Weiss Ratings reiterated a "buy (b)" rating on shares of Toronto Dominion Bank in a report on Saturday, September 27th. Five investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, Toronto Dominion Bank has an average rating of "Hold" and an average target price of $93.00.

About Toronto Dominion Bank

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.

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