Quantinno Capital Management LP Buys 32,283 Shares of Toronto Dominion Bank (The) $TD

Quantinno Capital Management LP boosted its stake in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 24.8% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 162,606 shares of the bank’s stock after purchasing an additional 32,283 shares during the period. Quantinno Capital Management LP’s holdings in Toronto Dominion Bank were worth $15,173,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. Bayban purchased a new stake in Toronto Dominion Bank in the fourth quarter worth about $28,000. Harvest Fund Management Co. Ltd lifted its position in shares of Toronto Dominion Bank by 112.8% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 317 shares of the bank’s stock valued at $30,000 after buying an additional 168 shares in the last quarter. CBIZ Investment Advisory Services LLC purchased a new position in shares of Toronto Dominion Bank during the 4th quarter valued at about $34,000. Brown Lisle Cummings Inc. grew its stake in shares of Toronto Dominion Bank by 88.4% during the 1st quarter. Brown Lisle Cummings Inc. now owns 407 shares of the bank’s stock valued at $38,000 after acquiring an additional 191 shares during the period. Finally, Smartleaf Asset Management LLC increased its holdings in Toronto Dominion Bank by 660.9% in the 2nd quarter. Smartleaf Asset Management LLC now owns 525 shares of the bank’s stock worth $38,000 after acquiring an additional 456 shares in the last quarter. Institutional investors own 52.37% of the company’s stock.

Toronto Dominion Bank Stock Performance

NYSE:TD opened at $119.86 on Monday. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.09. Toronto Dominion Bank has a 12-month low of $72.21 and a 12-month high of $124.87. The stock has a 50-day moving average price of $118.24 and a 200 day moving average price of $105.65. The stock has a market capitalization of $197.14 billion, a P/E ratio of 18.70, a P/E/G ratio of 1.34 and a beta of 0.72.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last posted its quarterly earnings results on Thursday, May 28th. The bank reported $1.74 EPS for the quarter, topping analysts’ consensus estimates of $1.63 by $0.11. Toronto Dominion Bank had a return on equity of 14.83% and a net margin of 13.20%.The company had revenue of $11.80 billion for the quarter, compared to analysts’ expectations of $11.04 billion. During the same period in the previous year, the firm earned $1.97 EPS. The firm’s revenue was down 31.1% compared to the same quarter last year. Equities research analysts forecast that Toronto Dominion Bank will post 6.86 EPS for the current fiscal year.

Toronto Dominion Bank Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Friday, July 10th were given a dividend of $1.12 per share. The ex-dividend date was Friday, July 10th. This is an increase from Toronto Dominion Bank’s previous quarterly dividend of $1.08. This represents a $4.48 annualized dividend and a dividend yield of 3.7%. Toronto Dominion Bank’s dividend payout ratio (DPR) is 49.14%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on TD shares. Weiss Ratings cut shares of Toronto Dominion Bank from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, July 21st. Scotiabank upgraded shares of Toronto Dominion Bank from a “sector perform” rating to a “sector outperform” rating in a research report on Monday, May 4th. Raymond James Financial raised shares of Toronto Dominion Bank from a “market perform” rating to an “outperform” rating in a research note on Tuesday, May 12th. Royal Bank Of Canada raised their price objective on shares of Toronto Dominion Bank from $138.00 to $156.00 and gave the company an “outperform” rating in a research report on Monday, June 1st. Finally, Zacks Research cut shares of Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $156.00.

About Toronto Dominion Bank

Toronto-Dominion Bank (TD) is a Canadian multinational banking and financial services company headquartered in Toronto, Ontario. Formed through the 1955 merger of the Bank of Toronto (founded 1855) and the Dominion Bank (founded 1869), TD is one of Canada’s largest banks and offers a broad range of financial products and services to individual, small business, commercial and institutional clients.

TD’s core businesses include Canadian and U.S. personal and commercial banking, wealth management, wholesale banking and insurance.