First Citizens Bank & Trust Co. Grows Stock Position in Toronto Dominion Bank (The) $TD

First Citizens Bank & Trust Co. raised its holdings in Toronto Dominion Bank (The) (NYSE:TD - Free Report) TSE: TD by 101.3% in the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 13,258 shares of the bank's stock after buying an additional 6,672 shares during the quarter. First Citizens Bank & Trust Co.'s holdings in Toronto Dominion Bank were worth $974,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Bleakley Financial Group LLC purchased a new stake in Toronto Dominion Bank in the second quarter valued at about $796,000. Probity Advisors Inc. raised its stake in Toronto Dominion Bank by 1.8% in the second quarter. Probity Advisors Inc. now owns 25,484 shares of the bank's stock valued at $1,872,000 after buying an additional 449 shares during the last quarter. Cidel Asset Management Inc. raised its stake in Toronto Dominion Bank by 2.0% in the second quarter. Cidel Asset Management Inc. now owns 548,715 shares of the bank's stock valued at $40,278,000 after buying an additional 10,554 shares during the last quarter. Private Trust Co. NA raised its stake in Toronto Dominion Bank by 126.0% in the second quarter. Private Trust Co. NA now owns 1,270 shares of the bank's stock valued at $93,000 after buying an additional 708 shares during the last quarter. Finally, Commons Capital LLC increased its holdings in shares of Toronto Dominion Bank by 1.2% in the second quarter. Commons Capital LLC now owns 18,117 shares of the bank's stock valued at $1,331,000 after purchasing an additional 213 shares during the period. 52.37% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on TD shares. Wall Street Zen lowered Toronto Dominion Bank from a "hold" rating to a "sell" rating in a report on Friday, September 26th. Zacks Research lowered Toronto Dominion Bank from a "strong-buy" rating to a "hold" 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 Friday. Royal Bank Of Canada raised Toronto Dominion Bank from a "sector perform" rating to an "outperform" rating in a report on Friday, October 3rd. Finally, Desjardins raised Toronto Dominion Bank from a "hold" rating to a "buy" rating in a report on Wednesday, August 13th. Five equities research 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.com, Toronto Dominion Bank currently has an average rating of "Hold" and a consensus target price of $93.00.

Toronto Dominion Bank Stock Up 0.1%

Toronto Dominion Bank stock opened at $80.96 on Friday. The firm has a market cap of $137.70 billion, a price-to-earnings ratio of 9.46, a price-to-earnings-growth 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. The business's 50-day moving average price is $77.63 and its 200 day moving average price is $71.77. 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 posted its earnings results on Thursday, August 28th. The bank reported $1.91 EPS for the quarter, topping the consensus estimate of $1.46 by $0.45. The firm had revenue of $10.12 billion for the quarter, compared to analyst estimates of $13.73 billion. Toronto Dominion Bank had a return on equity of 13.59% and a net margin of 16.40%.Toronto Dominion Bank's revenue for the quarter was up 7.9% compared to the same quarter last year. During the same period last year, the company earned $2.05 earnings per share. As a group, sell-side analysts anticipate that Toronto Dominion Bank will post 5.48 earnings per share for the current year.

Toronto Dominion Bank Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Friday, October 10th will be issued a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a yield of 5.2%. This is a positive change from Toronto Dominion Bank's previous quarterly dividend of $0.76. The ex-dividend date of this dividend is Friday, October 10th. Toronto Dominion Bank's dividend payout ratio is 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.