Vise Technologies Inc. Purchases New Holdings in Toronto Dominion Bank (The) $TD

Vise Technologies Inc. bought a new position in Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) in the 2nd quarter, HoldingsChannel.com reports. The firm bought 25,559 shares of the bank’s stock, valued at approximately $1,877,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Larson Financial Group LLC lifted its holdings in shares of Toronto Dominion Bank by 122.9% during the 1st quarter. Larson Financial Group LLC now owns 428 shares of the bank’s stock worth $26,000 after acquiring an additional 236 shares during the period. Quaker Wealth Management LLC raised its position in Toronto Dominion Bank by 200.0% in the second quarter. Quaker Wealth Management LLC now owns 428 shares of the bank’s stock worth $31,000 after purchasing an additional 856 shares in the last quarter. Richardson Financial Services Inc. bought a new position in Toronto Dominion Bank during the second quarter worth about $34,000. Brentview Investment Management LLC acquired a new stake in Toronto Dominion Bank during the first quarter valued at approximately $40,000. Finally, Colonial Trust Advisors bought a new stake in shares of Toronto Dominion Bank in the 1st quarter valued at approximately $44,000. Institutional investors own 52.37% of the company’s stock.

Toronto Dominion Bank Trading Up 0.6%

Shares of NYSE:TD opened at $81.62 on Wednesday. The firm has a market cap of $138.47 billion, a price-to-earnings ratio of 9.54, a PEG ratio of 1.68 and a beta of 0.79. Toronto Dominion Bank has a 12 month low of $51.25 and a 12 month high of $82.88. The company’s fifty day simple moving average is $79.35 and its 200 day simple moving average is $73.86. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.09.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last released its earnings results on Thursday, August 28th. The bank reported $1.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.46 by $0.45. The firm had revenue of $10.12 billion during the quarter, compared to analysts’ expectations of $13.73 billion. Toronto Dominion Bank had a return on equity of 13.59% and a net margin of 16.40%.The company’s revenue was up 7.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.05 EPS. As a group, research analysts forecast that Toronto Dominion Bank will post 5.48 EPS for the current fiscal year.

Toronto Dominion Bank Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Friday, October 10th were paid a dividend of $1.05 per share. The ex-dividend date of this dividend was Friday, October 10th. This represents a $4.20 annualized dividend and a dividend yield of 5.1%. This is an increase from Toronto Dominion Bank’s previous quarterly dividend of $0.76. Toronto Dominion Bank’s dividend payout ratio (DPR) is 35.16%.

Wall Street Analyst Weigh In

TD has been the subject of several analyst reports. Desjardins upgraded Toronto Dominion Bank from a “hold” rating to a “buy” rating in a research report on Wednesday, August 13th. Weiss Ratings reissued a “buy (b)” rating on shares of Toronto Dominion Bank in a report on Wednesday, October 8th. Royal Bank Of Canada raised shares of Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a report on Friday, October 3rd. Wall Street Zen downgraded Toronto Dominion Bank from a “hold” rating to a “sell” rating in a research report on Friday, September 26th. Finally, Zacks Research cut shares of Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 13th. Five research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $93.00.

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.