883 Shares in The Toronto-Dominion Bank (NYSE:TD) Bought by Kimelman & Baird LLC

Kimelman & Baird LLC purchased a new stake in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 883 shares of the bank’s stock, valued at approximately $49,000.

Other institutional investors have also modified their holdings of the company. Trexquant Investment LP bought a new stake in Toronto-Dominion Bank during the 4th quarter valued at $469,000. Jones Financial Companies Lllp lifted its holdings in Toronto-Dominion Bank by 340.7% in the fourth quarter. Jones Financial Companies Lllp now owns 1,569 shares of the bank’s stock worth $101,000 after purchasing an additional 1,213 shares during the period. Belpointe Asset Management LLC grew its position in Toronto-Dominion Bank by 12.8% in the 4th quarter. Belpointe Asset Management LLC now owns 4,532 shares of the bank’s stock valued at $293,000 after buying an additional 516 shares in the last quarter. Eisler Capital UK Ltd. increased its stake in Toronto-Dominion Bank by 332.5% during the 4th quarter. Eisler Capital UK Ltd. now owns 23,253 shares of the bank’s stock valued at $1,503,000 after buying an additional 33,253 shares during the period. Finally, Optiver Holding B.V. bought a new stake in shares of Toronto-Dominion Bank during the 4th quarter worth about $39,000. Institutional investors own 52.37% of the company’s stock.

Toronto-Dominion Bank Price Performance

Shares of NYSE:TD opened at $63.26 on Tuesday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.02 and a current ratio of 1.02. The company has a market capitalization of $110.60 billion, a PE ratio of 14.38, a price-to-earnings-growth ratio of 1.85 and a beta of 0.81. The stock has a fifty day moving average of $59.87 and a 200-day moving average of $58.00. The Toronto-Dominion Bank has a one year low of $53.52 and a one year high of $65.12.

Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last released its quarterly earnings results on Thursday, August 22nd. The bank reported $2.05 earnings per share for the quarter, beating 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 analyst estimates of $9.40 billion. During the same quarter last year, the company posted $1.48 EPS. Toronto-Dominion Bank’s revenue for the quarter was up 9.8% on a year-over-year basis. As a group, equities analysts anticipate that The Toronto-Dominion Bank will post 5.84 EPS for the current fiscal year.

Toronto-Dominion Bank Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Thursday, October 10th will be issued a dividend of $0.739 per share. The ex-dividend date of this dividend is Thursday, October 10th. This represents a $2.96 dividend on an annualized basis and a dividend yield of 4.67%. Toronto-Dominion Bank’s dividend payout ratio is currently 67.73%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. National Bank Financial upgraded shares of Toronto-Dominion Bank from an “underperform” rating to a “sector perform” rating in a research note on Thursday, August 22nd. UBS Group started coverage on Toronto-Dominion Bank in a research note on Tuesday, July 2nd. They issued a “neutral” rating on the stock. Finally, StockNews.com cut Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a research note on Thursday, August 22nd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $84.00.

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.