Integrity Alliance LLC. Acquires 9,598 Shares of Toronto Dominion Bank (The) $TD

Key Points

• Integrity Alliance LLC acquired 9,598 shares of Toronto-Dominion Bank in the third quarter, valued at about $1.13 million. Institutional investors collectively own 52.37% of the bank’s stock.
• TD reported quarterly EPS of $1.98, beating the $1.74 analyst consensus, while revenue of $12.07 billion exceeded expectations and grew 6.9% year over year. Analysts’ consensus rating is “Moderate Buy,” with an average price target of $148.
• The bank’s quarterly dividend equates to an annualized $4.48 per share, a 3.6% yield, and its board authorized a share repurchase program of up to $7.14 billion, or 3.5% of shares outstanding.

Integrity Alliance LLC. purchased a new stake in Toronto Dominion Bank (The) (NYSE:TD - Free Report) TSE: TD during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 9,598 shares of the bank's stock, valued at approximately $1,128,000.

A number of other institutional investors also recently modified their holdings of the company. Next Level Wealth Planning LLC acquired a new stake in Toronto Dominion Bank in the 3rd quarter valued at approximately $129,000. Vise Technologies Inc. lifted its stake in Toronto Dominion Bank by 14.4% in the 3rd quarter. Vise Technologies Inc. now owns 54,984 shares of the bank's stock valued at $6,462,000 after acquiring an additional 6,901 shares in the last quarter. Cidel Asset Management Inc. boosted its holdings in Toronto Dominion Bank by 8.8% during the third quarter. Cidel Asset Management Inc. now owns 487,707 shares of the bank's stock worth $57,480,000 after purchasing an additional 39,409 shares during the last quarter. Canopy Partners LLC boosted its stake in shares of Toronto Dominion Bank by 16.8% during the 3rd quarter. Canopy Partners LLC now owns 3,190 shares of the bank's stock worth $375,000 after buying an additional 458 shares during the last quarter. Finally, Choreo LLC acquired a new position in Toronto Dominion Bank during the third quarter valued at approximately $220,000. 52.37% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Keefe, Bruyette & Woods initiated coverage on shares of Toronto Dominion Bank in a research report on Friday, August 21st. They issued a "market perform" rating for the company. Wall Street Zen raised Toronto Dominion Bank from a "sell" rating to a "hold" rating in a report on Saturday, August 22nd. Finally, Weiss Ratings upgraded Toronto Dominion Bank from a "buy (b+)" rating to a "buy (a-)" rating in a research report on Wednesday, October 21st. Two investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, Toronto Dominion Bank currently has a consensus rating of "Moderate Buy" and an average price target of $148.00.

Toronto Dominion Bank Stock Down 4.0%

NYSE TD opened at $123.10 on Friday. The business has a fifty day moving average price of $121.06 and a two-hundred day moving average price of $111.08. The stock has a market capitalization of $200.57 billion, a PE ratio of 18.29, a PEG ratio of 1.17 and a beta of 0.72. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.03 and a quick ratio of 1.03. Toronto Dominion Bank has a fifty-two week low of $79.52 and a fifty-two week high of $128.79.

Toronto Dominion Bank (NYSE:TD - Get Free Report) TSE: TD last released its earnings results on Thursday, August 27th. The bank reported $1.98 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.74 by $0.24. The firm had revenue of $12.07 billion for the quarter, compared to analysts' expectations of $10.70 billion. Toronto Dominion Bank had a return on equity of 14.88% and a net margin of 14.41%. The business's revenue for the quarter was up 6.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.20 earnings per share. Equities analysts expect that Toronto Dominion Bank will post 7.04 earnings per share for the current fiscal year.

Toronto Dominion Bank Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Saturday, October 31st. Investors of record on Friday, October 9th were issued a dividend of C$1.12 per share. The ex-dividend date of this dividend was Friday, October 9th. This represents a $4.48 annualized dividend and a dividend yield of 3.6%. Toronto Dominion Bank's dividend payout ratio (DPR) is 46.66%.

Toronto Dominion Bank announced that its Board of Directors has authorized a stock repurchase program on Wednesday, September 30th that allows the company to buy back $7.14 billion in outstanding shares. This repurchase authorization allows the bank to buy up to 3.5% of its shares through open market purchases. Share repurchase programs are typically an indication that the company's board of directors believes its shares are undervalued.

Toronto Dominion Bank Profile

Toronto-Dominion Bank, operating as TD Bank Group, is a Canadian financial services company headquartered in Toronto, Ontario. The institution traces its history to the Bank of Toronto, founded in 1855, and the Dominion Bank, founded in 1869; the two banks merged in 1955 to form Toronto-Dominion Bank.

TD provides a broad range of banking and financial services through its Canadian and U.S. operations. Its offerings include personal and business deposit accounts, mortgages, consumer and commercial lending, credit cards, investment products, insurance, wealth management and financial advice.

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