Callan Family Office LLC Purchases Shares of 8,179 Toronto Dominion Bank (The) $TD

Key Points

• Callan Family Office LLC has acquired a new position in Toronto Dominion Bank, purchasing 8,179 shares valued at approximately $601,000 during the second quarter.
• Toronto Dominion Bank has seen increased analyst interest, with ratings shifting from "hold" to "buy" by firms like Desjardins and the Royal Bank of Canada in recent months.
• The company recently announced a quarterly dividend of $1.05 per share, reflecting an annualized dividend yield of 5.3%, up from its previous rate of $0.76.

Callan Family Office LLC acquired a new position in shares of Toronto Dominion Bank (The) (NYSE:TD - Free Report) TSE: TD during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 8,179 shares of the bank's stock, valued at approximately $601,000.

A number of other hedge funds have also recently bought and sold shares of TD. Larson Financial Group LLC boosted its holdings 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 purchased a new position in Toronto Dominion Bank during the 1st quarter worth $32,000. ORG Partners LLC purchased a new position in Toronto Dominion Bank during the 1st quarter worth $34,000. Brentview Investment Management LLC purchased a new position in Toronto Dominion Bank during the 1st quarter worth $40,000. Finally, Colonial Trust Advisors purchased a new position in Toronto Dominion Bank during the 1st quarter worth $44,000. 52.37% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

TD has been the topic of a number of analyst reports. Desjardins raised shares of Toronto Dominion Bank from a "hold" rating to a "buy" rating in a report on Wednesday, August 13th. Weiss Ratings reissued a "buy (b)" rating on shares of Toronto Dominion Bank in a report on Wednesday, October 8th. Royal Bank Of Canada raised shares of Toronto Dominion Bank from a "sector perform" rating to an "outperform" rating in a report on Friday, October 3rd. Zacks Research downgraded shares of Toronto Dominion Bank from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 13th. Finally, Wall Street Zen downgraded shares of Toronto Dominion Bank from a "hold" rating to a "sell" rating in a report on Friday, September 26th. Five investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $93.00.

Toronto Dominion Bank Price Performance

Shares of NYSE:TD opened at $78.83 on Tuesday. Toronto Dominion Bank has a fifty-two week low of $51.25 and a fifty-two week high of $82.08. The company's 50-day moving average is $76.46 and its 200 day moving average is $70.58. The company has a market capitalization of $134.08 billion, a P/E ratio of 9.21, a price-to-earnings-growth ratio of 1.60 and a beta of 0.80. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.02 and a current ratio of 1.02.

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 (EPS) for the quarter, beating analysts' consensus estimates 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 business had revenue of $10.12 billion for the quarter, compared to analysts' expectations of $13.73 billion. During the same period in the previous year, the business posted $2.05 EPS. The firm's quarterly revenue was up 7.9% compared to the same quarter last year. On average, equities research analysts forecast 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 paid a $1.05 dividend. The ex-dividend date is Friday, October 10th. This represents a $4.20 dividend on an annualized basis and a yield of 5.3%. This is an increase from Toronto Dominion Bank's previous quarterly dividend of $0.76. Toronto Dominion Bank's dividend payout ratio (DPR) is presently 35.75%.

Toronto Dominion Bank 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.

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