Vanguard Personalized Indexing Management LLC Buys 4,630 Shares of Toronto Dominion Bank (The) $TD

Key Points

• Vanguard Personalized Indexing Management LLC increased its stake in Toronto Dominion Bank by 15.5%, purchasing an additional 4,630 shares, bringing its total holdings to 34,493 shares valued at approximately $2,534,000.
• Toronto Dominion Bank announced a quarterly dividend of $1.05, which is an increase from the previous dividend of $0.76, representing an annualized yield of 5.2%.
• The bank's recent earnings report indicated a net margin of 16.40% and earnings per share of $1.91, exceeding consensus estimates by $0.45.

Vanguard Personalized Indexing Management LLC raised its holdings in shares of Toronto Dominion Bank (The) (NYSE:TD - Free Report) TSE: TD by 15.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 34,493 shares of the bank's stock after purchasing an additional 4,630 shares during the period. Vanguard Personalized Indexing Management LLC's holdings in Toronto Dominion Bank were worth $2,534,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Johnson Investment Counsel Inc. lifted its position in Toronto Dominion Bank by 7.1% during the second quarter. Johnson Investment Counsel Inc. now owns 6,035 shares of the bank's stock valued at $443,000 after purchasing an additional 400 shares in the last quarter. Natural Investments LLC grew its position in Toronto Dominion Bank by 5.3% in the second quarter. Natural Investments LLC now owns 11,100 shares of the bank's stock worth $815,000 after acquiring an additional 556 shares in the last quarter. Richardson Financial Services Inc. purchased a new position in Toronto Dominion Bank in the second quarter worth about $34,000. Brucke Financial Inc. grew its stake in shares of Toronto Dominion Bank by 5.8% during the second quarter. Brucke Financial Inc. now owns 6,996 shares of the bank's stock valued at $514,000 after buying an additional 382 shares during the last quarter. Finally, PDS Planning Inc grew its stake in shares of Toronto Dominion Bank by 9.7% during the second quarter. PDS Planning Inc now owns 7,639 shares of the bank's stock valued at $561,000 after buying an additional 675 shares during the last quarter. 52.37% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

TD has been the topic of several research analyst reports. Zacks Research cut Toronto Dominion Bank from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 13th. Wall Street Zen lowered Toronto Dominion Bank from a "hold" rating to a "sell" rating in a research note on Friday, September 26th. Weiss Ratings reissued a "buy (b)" rating on shares of Toronto Dominion Bank in a report on Wednesday, October 8th. Desjardins upgraded Toronto Dominion Bank from a "hold" rating to a "buy" rating in a research report on Wednesday, August 13th. Finally, Royal Bank Of Canada upgraded Toronto Dominion Bank from a "sector perform" rating to an "outperform" rating in a research note on Friday, October 3rd. Five equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, Toronto Dominion Bank presently has an average rating of "Hold" and an average price target of $93.00.

Toronto Dominion Bank Stock Performance

NYSE TD opened at $80.37 on Thursday. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.02 and a quick ratio of 1.02. Toronto Dominion Bank has a 1 year low of $51.25 and a 1 year high of $82.08. The company has a market capitalization of $136.70 billion, a PE ratio of 9.39, a P/E/G ratio of 1.63 and a beta of 0.80. The company has a fifty day moving average of $76.72 and a two-hundred day moving average of $70.71.

Toronto Dominion Bank (NYSE:TD - Get Free Report) TSE: TD last posted 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. Toronto Dominion Bank had a net margin of 16.40% and a return on equity of 13.59%. The firm had revenue of $10.12 billion during the quarter, compared to analysts' expectations of $13.73 billion. During the same period in the prior year, the company posted $2.05 earnings per share. The firm's revenue for the quarter was up 7.9% on a year-over-year basis. As a group, analysts expect that Toronto Dominion Bank will post 5.48 earnings per share for the current year.

Toronto Dominion Bank Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Friday, October 10th will be paid a $1.05 dividend. The ex-dividend date of this dividend is Friday, October 10th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 5.2%. This is a boost from Toronto Dominion Bank's previous quarterly dividend of $0.76. Toronto Dominion Bank's payout ratio is 35.75%.

About Toronto Dominion Bank

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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