Caprock Group LLC Invests $305,000 in The Toronto-Dominion Bank (NYSE:TD)

Caprock Group LLC acquired a new position in The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 5,542 shares of the bank’s stock, valued at approximately $305,000.

Several other hedge funds have also bought and sold shares of the stock. Dimensional Fund Advisors LP boosted its position in Toronto-Dominion Bank by 6.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,044,900 shares of the bank’s stock valued at $132,141,000 after acquiring an additional 130,801 shares in the last quarter. Envestnet Portfolio Solutions Inc. purchased a new stake in shares of Toronto-Dominion Bank in the 4th quarter worth about $201,000. Vanguard Personalized Indexing Management LLC increased its stake in shares of Toronto-Dominion Bank by 9.8% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 21,980 shares of the bank’s stock worth $1,420,000 after acquiring an additional 1,969 shares in the last quarter. Janney Montgomery Scott LLC purchased a new position in Toronto-Dominion Bank during the 4th quarter valued at about $2,790,000. Finally, Hamel Associates Inc. boosted its stake in Toronto-Dominion Bank by 4.9% during the fourth quarter. Hamel Associates Inc. now owns 56,955 shares of the bank’s stock worth $3,680,000 after acquiring an additional 2,680 shares in the last quarter. 52.37% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

TD has been the subject of several recent research reports. UBS Group began coverage on shares of Toronto-Dominion Bank in a report on Tuesday, July 2nd. They set a “neutral” rating for the company. BMO Capital Markets lowered their price target on Toronto-Dominion Bank from $86.00 to $84.00 and set a “market perform” rating for the company in a research report on Friday, May 24th. StockNews.com downgraded shares of Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a research report on Thursday, August 22nd. Cibc World Mkts raised shares of Toronto-Dominion Bank from a “hold” rating to a “strong-buy” rating in a report on Friday, May 24th. Finally, National Bank Financial raised shares of Toronto-Dominion Bank from an “underperform” rating to a “sector perform” rating in a research report on Thursday, August 22nd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, one has given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $84.00.

Toronto-Dominion Bank Trading Up 0.3 %

Shares of TD stock opened at $61.89 on Friday. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.02 and a quick ratio of 1.02. The company has a market cap of $108.20 billion, a price-to-earnings ratio of 14.07, a PEG ratio of 1.76 and a beta of 0.81. The Toronto-Dominion Bank has a 1 year low of $53.52 and a 1 year high of $65.12. The firm has a fifty day moving average price of $58.35 and a 200-day moving average price of $57.75.

Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last issued its quarterly earnings results on Thursday, August 22nd. The bank reported $2.05 EPS for the quarter, topping analysts’ consensus estimates of $1.49 by $0.56. Toronto-Dominion Bank had a return on equity of 14.34% and a net margin of 6.94%. The business had revenue of $14.18 billion during the quarter, compared to analysts’ expectations of $9.40 billion. During the same quarter in the prior year, the business posted $1.48 earnings per share. The business’s quarterly revenue was up 9.8% on a year-over-year basis. As a group, equities analysts predict that The Toronto-Dominion Bank will post 5.84 earnings per share for the current year.

Toronto-Dominion Bank Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 10th will be paid a dividend of $0.739 per share. This represents a $2.96 dividend on an annualized basis and a yield of 4.78%. The ex-dividend date is Thursday, October 10th. Toronto-Dominion Bank’s payout ratio is 67.73%.

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.