Grimes & Company Inc. Holds Position in The Toronto-Dominion Bank (TD)
Grimes & Company Inc. continued to hold its stake in The Toronto-Dominion Bank (NYSE:TD) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 36,358 shares of the company’s stock at the end of the second quarter. Grimes & Company Inc.’s holdings in The Toronto-Dominion Bank were worth $1,561,000 at the end of the most recent quarter.
A number of other large investors have also bought and sold shares of the company. Zions Bancorporation increased its stake in The Toronto-Dominion Bank by 282.5% in the first quarter. Zions Bancorporation now owns 2,639 shares of the company’s stock valued at $115,000 after buying an additional 1,949 shares in the last quarter. Cribstone Capital Management LLC acquired a new stake in The Toronto-Dominion Bank during the second quarter valued at about $118,000. Bremer Trust National Association acquired a new stake in The Toronto-Dominion Bank during the second quarter valued at about $211,000. Investment Partners Ltd. OH ADV acquired a new stake in The Toronto-Dominion Bank during the second quarter valued at about $226,000. Finally, Stockman Asset Management increased its stake in The Toronto-Dominion Bank by 3.9% in the first quarter. Stockman Asset Management now owns 5,350 shares of the company’s stock valued at $231,000 after buying an additional 200 shares in the last quarter. Institutional investors own 51.77% of the company’s stock.
Shares of The Toronto-Dominion Bank (NYSE:TD) traded up 1.24% on Wednesday, reaching $44.15. The company’s stock had a trading volume of 1,224,394 shares. The stock has a market capitalization of $81.89 billion, a price-to-earnings ratio of 13.12 and a beta of 0.98. The stock has a 50-day moving average of $44.14 and a 200 day moving average of $43.44. The Toronto-Dominion Bank has a 52 week low of $33.49 and a 52 week high of $45.98.
The Toronto-Dominion Bank (NYSE:TD) last posted its quarterly earnings data on Thursday, August 25th. The company reported $1.27 earnings per share for the quarter, topping the consensus estimate of $1.21 by $0.06. The Toronto-Dominion Bank had a return on equity of 13.56% and a net margin of 21.02%. The business earned $8.70 billion during the quarter. During the same period in the prior year, the firm posted $1.20 EPS. The Toronto-Dominion Bank’s revenue for the quarter was up 8.7% on a year-over-year basis. On average, analysts expect that The Toronto-Dominion Bank will post $3.68 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 31st. Investors of record on Friday, October 7th will be given a dividend of $0.4249 per share. This represents a $1.70 annualized dividend and a dividend yield of 3.85%. The ex-dividend date of this dividend is Wednesday, October 5th. This is a boost from The Toronto-Dominion Bank’s previous quarterly dividend of $0.42. The Toronto-Dominion Bank’s payout ratio is currently 50.45%.
Several research analysts have recently commented on the company. Canaccord Genuity reiterated a “buy” rating on shares of The Toronto-Dominion Bank in a research report on Thursday, May 26th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $61.00 target price on shares of The Toronto-Dominion Bank in a research report on Friday, May 27th. Citigroup Inc. reiterated a “buy” rating and issued a $65.00 target price (up previously from $60.00) on shares of The Toronto-Dominion Bank in a research report on Friday, June 3rd. Zacks Investment Research upgraded The Toronto-Dominion Bank from a “hold” rating to a “buy” rating and set a $50.00 target price for the company in a research report on Saturday, May 28th. Finally, Dundee Securities assumed coverage on The Toronto-Dominion Bank in a research report on Wednesday. They issued a “buy” rating for the company. One research analyst has rated the stock with a sell rating, four have issued a hold rating and ten have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $56.88.
The Toronto-Dominion Bank Company Profile
The Toronto-Dominion Bank (the Bank) operates as a bank in North America. The Bank conducts its business through segments, such as Canadian Retail, U.S. Retail, Wholesale Banking and Corporate. Canadian Retail provides a range of financial products and services to customers in the Canadian personal and commercial banking businesses, including credit cards, auto finance, wealth and insurance businesses.
Want to see what other hedge funds are holding TD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Toronto-Dominion Bank (NYSE:TD).
Receive News & Ratings for The Toronto-Dominion Bank Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Toronto-Dominion Bank and related companies with Analyst Ratings Network's FREE daily email newsletter.