Simplicity Wealth LLC Purchases New Stake in Toronto Dominion Bank (The) $TD

Key Points

• Simplicity Wealth LLC has acquired a new stake in Toronto Dominion Bank, purchasing 5,652 shares valued at approximately $415,000 during the second quarter.
• The bank has recently increased its quarterly dividend to $1.05 per share, reflecting a yield of 5.2% and a change from its previous dividend of $0.76.
• Analysts have varied opinions on TD shares; while Desjardins upgraded the stock to a "buy," Wall Street Zen downgraded it to a "sell," leading to an average rating of "Hold" among five analysts.

Simplicity Wealth LLC purchased a new stake in shares of Toronto Dominion Bank (The) (NYSE:TD - Free Report) TSE: TD during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 5,652 shares of the bank's stock, valued at approximately $415,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Larson Financial Group LLC raised its position in shares of Toronto Dominion Bank by 122.9% during the 1st quarter. Larson Financial Group LLC now owns 428 shares of the bank's stock valued at $26,000 after acquiring an additional 236 shares in the last quarter. Moisand Fitzgerald Tamayo LLC acquired a new stake in shares of Toronto Dominion Bank during the 1st quarter valued at approximately $32,000. ORG Partners LLC acquired a new stake in shares of Toronto Dominion Bank during the 1st quarter valued at approximately $34,000. Brentview Investment Management LLC acquired a new stake in shares of Toronto Dominion Bank during the 1st quarter valued at approximately $40,000. Finally, Colonial Trust Advisors acquired a new stake in Toronto Dominion Bank in the first quarter worth $44,000. 52.37% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Toronto Dominion Bank Price Performance

Shares of TD opened at $80.52 on Thursday. The firm has a market capitalization of $136.95 billion, a price-to-earnings ratio of 9.41, a price-to-earnings-growth ratio of 1.66 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 has a one year low of $51.25 and a one year high of $82.08. The stock's fifty day moving average is $76.09 and its 200-day moving average is $70.07.

Toronto Dominion Bank (NYSE:TD - Get Free Report) TSE: TD last issued its quarterly earnings results on Thursday, August 28th. The bank reported $1.91 EPS for the quarter, beating analysts' consensus estimates of $1.46 by $0.45. The company 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%.The company's quarterly revenue 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. Equities analysts anticipate that Toronto Dominion Bank will post 5.48 EPS for the current year.

Toronto Dominion Bank Increases Dividend

The firm also recently declared 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 represents a $4.20 dividend on an annualized basis and a dividend 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 36.10%.

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.