Moors & Cabot Inc. boosted its stake in Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 106.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 32,604 shares of the bank’s stock after purchasing an additional 16,843 shares during the quarter. Moors & Cabot Inc.’s holdings in Toronto-Dominion Bank were worth $1,902,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors also recently modified their holdings of TD. Norway Savings Bank raised its holdings in shares of Toronto-Dominion Bank by 13.5% during the 3rd quarter. Norway Savings Bank now owns 1,679 shares of the bank’s stock valued at $98,000 after buying an additional 200 shares in the last quarter. Mechanics Bank Trust Department purchased a new position in shares of Toronto-Dominion Bank during the 3rd quarter valued at about $262,000. Lake Street Financial LLC raised its holdings in shares of Toronto-Dominion Bank by 2.0% during the 3rd quarter. Lake Street Financial LLC now owns 29,975 shares of the bank’s stock valued at $1,748,000 after buying an additional 590 shares in the last quarter. Hanson & Doremus Investment Management raised its holdings in shares of Toronto-Dominion Bank by 29.8% during the 3rd quarter. Hanson & Doremus Investment Management now owns 13,188 shares of the bank’s stock valued at $768,000 after buying an additional 3,026 shares in the last quarter. Finally, Vigilant Capital Management LLC raised its holdings in shares of Toronto-Dominion Bank by 44.3% during the 3rd quarter. Vigilant Capital Management LLC now owns 1,732 shares of the bank’s stock valued at $101,000 after buying an additional 532 shares in the last quarter. Institutional investors and hedge funds own 47.63% of the company’s stock.
Toronto-Dominion Bank stock traded up $0.39 during trading hours on Tuesday, reaching $57.20. The company had a trading volume of 49,738 shares, compared to its average volume of 1,412,785. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.01 and a quick ratio of 1.01. The company has a 50-day moving average price of $56.22 and a 200 day moving average price of $56.50. The firm has a market cap of $103.57 billion, a price-to-earnings ratio of 11.37, a P/E/G ratio of 1.82 and a beta of 1.07. Toronto-Dominion Bank has a 12-month low of $47.73 and a 12-month high of $59.55.
The business also recently declared a — dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 10th will be paid a $0.556 dividend. The ex-dividend date of this dividend is Wednesday, October 9th. This represents a yield of 4.1%. Toronto-Dominion Bank’s dividend payout ratio (DPR) is currently 44.53%.
A number of brokerages recently weighed in on TD. Bank of America cut Toronto-Dominion Bank from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $82.00 to $77.00 in a report on Thursday, August 15th. Canaccord Genuity set a $81.00 price objective on Toronto-Dominion Bank and gave the company a “buy” rating in a report on Friday, August 30th. Barclays set a $80.00 price objective on Toronto-Dominion Bank and gave the company a “buy” rating in a report on Thursday, August 29th. National Bank Financial set a $84.00 price objective on Toronto-Dominion Bank and gave the company a “buy” rating in a report on Friday, August 30th. Finally, Zacks Investment Research cut Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a research note on Saturday, October 5th. Five research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $78.56.
About Toronto-Dominion Bank
The Toronto-Dominion Bank, together with its subsidiaries, provides various personal and commercial banking products and services in Canada and the United States. The company operates through three segments: Canadian Retail, U.S. Retail, and Wholesale Banking. It offers personal deposits, such as checking, savings, and investment products; financing, investment, cash management, international trade, and day-to-day banking services to businesses; financing options to customers at point of sale for automotive and recreational vehicle purchases through auto dealer network; credit cards; investing, advice-based, and asset management services to retail and institutional clients; and property and casualty insurance, as well as life and health insurance products.
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