Kohmann Bosshard Financial Services LLC purchased a new stake in Toronto-Dominion Bank (NYSE:TD) (TSE:TD) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 3,000 shares of the bank’s stock, valued at approximately $175,000.

Several other institutional investors and hedge funds have also modified their holdings of TD. Citizens Financial Group Inc RI acquired a new stake in shares of Toronto-Dominion Bank during the 1st quarter valued at $28,000. Financial Gravity Wealth Inc. acquired a new stake in shares of Toronto-Dominion Bank during the 1st quarter valued at $29,000. Farmers National Bank acquired a new stake in shares of Toronto-Dominion Bank during the 1st quarter valued at $33,000. Manchester Capital Management LLC acquired a new stake in shares of Toronto-Dominion Bank during the 1st quarter valued at $37,000. Finally, Cullen Frost Bankers Inc. acquired a new stake in shares of Toronto-Dominion Bank during the 1st quarter valued at $46,000. Institutional investors own 48.13% of the company’s stock.

Several equities research analysts recently weighed in on the company. National Bank Financial downgraded Toronto-Dominion Bank from an “outperform” rating to a “sector perform” rating in a report on Thursday, May 23rd. Barclays reissued a “hold” rating on shares of Bank of Montreal in a report on Tuesday, June 11th. BMO Capital Markets reissued a “buy” rating on shares of Toronto-Dominion Bank in a report on Friday, May 24th. Zacks Investment Research raised Vistra Energy from a “hold” rating to a “buy” rating and set a $25.00 price objective on the stock in a report on Saturday, July 13th. Finally, Canaccord Genuity reaffirmed a “buy” rating on shares of Toronto-Dominion Bank in a report on Thursday, May 23rd. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Toronto-Dominion Bank has an average rating of “Buy” and an average target price of $72.00.

TD traded up $0.16 during midday trading on Tuesday, hitting $58.79. 574,600 shares of the company were exchanged, compared to its average volume of 1,173,852. The firm has a market capitalization of $107.60 billion, a price-to-earnings ratio of 11.69, a P/E/G ratio of 1.87 and a beta of 1.03. Toronto-Dominion Bank has a 1-year low of $47.73 and a 1-year high of $62.00. The business has a 50 day moving average price of $57.98. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.95 and a quick ratio of 0.95.

Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last announced its earnings results on Thursday, May 23rd. The bank reported $1.75 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.25 by $0.50. The firm had revenue of $10.23 billion for the quarter, compared to the consensus estimate of $9.46 billion. Toronto-Dominion Bank had a return on equity of 16.21% and a net margin of 20.24%. The business’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same period in the previous year, the business earned $1.62 EPS. On average, equities analysts predict that Toronto-Dominion Bank will post 5.06 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Wednesday, July 10th will be issued a dividend of $0.5511 per share. This represents a $2.20 annualized dividend and a yield of 3.75%. The ex-dividend date is Tuesday, July 9th. Toronto-Dominion Bank’s payout ratio is presently 44.93%.

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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Institutional Ownership by Quarter for Toronto-Dominion Bank (NYSE:TD)

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