Toronto Dominion Bank (The) $TD Shares Acquired by Compound Planning Inc.

Key Points

• Compound Planning Inc. increased its holdings in Toronto Dominion Bank by 220.6% in the first quarter, acquiring an additional 9,201 shares for a total of 13,371 shares valued at $801,000.
• Major investors such as Goldman Sachs and JPMorgan Chase also significantly boosted their stakes, indicating strong institutional interest in the bank.
• Analysts' ratings vary, with three giving a Buy rating, four a Hold, and one a Sell, reflecting a consensus target price of $93.00.

Compound Planning Inc. boosted its stake in Toronto Dominion Bank (The) (NYSE:TD - Free Report) TSE: TD by 220.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,371 shares of the bank's stock after acquiring an additional 9,201 shares during the period. Compound Planning Inc.'s holdings in Toronto Dominion Bank were worth $801,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in TD. Larson Financial Group LLC lifted its holdings in shares of Toronto Dominion Bank by 122.9% in the 1st quarter. Larson Financial Group LLC now owns 428 shares of the bank's stock valued at $26,000 after purchasing an additional 236 shares during the last quarter. Financial Management Professionals Inc. increased its position in Toronto Dominion Bank by 322.4% during the first quarter. Financial Management Professionals Inc. now owns 490 shares of the bank's stock worth $29,000 after buying an additional 374 shares during the period. Moisand Fitzgerald Tamayo LLC purchased a new stake in Toronto Dominion Bank in the first quarter valued at approximately $32,000. ORG Partners LLC acquired a new stake in shares of Toronto Dominion Bank in the first quarter valued at approximately $34,000. Finally, CoreCap Advisors LLC grew its position in shares of Toronto Dominion Bank by 57.5% during the fourth quarter. CoreCap Advisors LLC now owns 630 shares of the bank's stock worth $34,000 after acquiring an additional 230 shares during the last quarter. Hedge funds and other institutional investors own 52.37% of the company's stock.

Analysts Set New Price Targets

Several research firms recently commented on TD. 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 upped their target price on shares of Toronto Dominion Bank from $87.00 to $93.00 and gave the company a "sector perform" rating in a report on Friday, May 23rd. Wall Street Zen upgraded shares of Toronto Dominion Bank from a "sell" rating to a "hold" rating in a research report on Saturday, May 24th. Zacks Research cut shares of Toronto Dominion Bank from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 13th. Finally, Scotiabank initiated coverage on Toronto Dominion Bank in a report on Thursday, May 15th. They issued a "sector perform" rating on the stock. Three research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $93.00.

Toronto Dominion Bank Price Performance

TD traded up $2.19 during trading on Friday, reaching $75.04. 1,692,714 shares of the stock were exchanged, compared to its average volume of 2,130,071. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.03 and a quick ratio of 1.03. The company has a market capitalization of $128.71 billion, a price-to-earnings ratio of 11.00, a P/E/G ratio of 1.67 and a beta of 0.84. Toronto Dominion Bank has a 1 year low of $51.25 and a 1 year high of $78.95. The business's 50 day moving average price is $73.70 and its two-hundred day moving average price is $66.40.

Toronto Dominion Bank (NYSE:TD - Get Free Report) TSE: TD last released its quarterly earnings results on Thursday, August 28th. The bank reported $1.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.46 by $0.45. The business had revenue of $10.12 billion during the quarter, compared to the consensus estimate of $13.73 billion. Toronto Dominion Bank had a return on equity of 13.11% and a net margin of 13.53%.The business's revenue was up 7.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.05 EPS. As a group, equities research analysts anticipate 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. Stockholders of record on Friday, October 10th will be issued a dividend of $1.05 per share. This is a boost from Toronto Dominion Bank's previous quarterly dividend of $0.76. This represents a $4.20 annualized dividend and a dividend yield of 5.6%. Toronto Dominion Bank's dividend payout ratio (DPR) is 45.16%.

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.