Marathon Asset Management LLP lifted its stake in shares of Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 0.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 512,878 shares of the bank’s stock after acquiring an additional 2,784 shares during the quarter. Marathon Asset Management LLP’s holdings in Toronto-Dominion Bank were worth $31,146,000 at the end of the most recent reporting period.
Several other large investors also recently modified their holdings of TD. First Manhattan Co. increased its holdings in Toronto-Dominion Bank by 106.9% during the third quarter. First Manhattan Co. now owns 1,970 shares of the bank’s stock valued at $119,000 after buying an additional 1,018 shares during the period. Huntington National Bank increased its holdings in Toronto-Dominion Bank by 216.9% during the third quarter. Huntington National Bank now owns 2,114 shares of the bank’s stock valued at $129,000 after buying an additional 1,447 shares during the period. Quad Cities Investment Group LLC purchased a new position in Toronto-Dominion Bank during the second quarter valued at approximately $139,000. Destination Wealth Management purchased a new position in Toronto-Dominion Bank during the second quarter valued at approximately $139,000. Finally, Atlas Capital Advisors LLC increased its holdings in Toronto-Dominion Bank by 1,361.3% during the second quarter. Atlas Capital Advisors LLC now owns 2,455 shares of the bank’s stock valued at $142,000 after buying an additional 2,287 shares during the period. 47.54% of the stock is currently owned by institutional investors and hedge funds.
Shares of TD opened at $55.84 on Tuesday. The company has a market capitalization of $101.75 billion, a price-to-earnings ratio of 13.17, a PEG ratio of 0.98 and a beta of 1.01. Toronto-Dominion Bank has a twelve month low of $54.37 and a twelve month high of $62.00. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.91 and a quick ratio of 0.91.
Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last announced its earnings results on Thursday, August 30th. The bank reported $1.66 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.23 by $0.43. The company had revenue of $7.58 billion during the quarter, compared to the consensus estimate of $7.23 billion. Toronto-Dominion Bank had a net margin of 21.82% and a return on equity of 16.63%. During the same period last year, the firm earned $1.51 earnings per share. On average, equities analysts predict that Toronto-Dominion Bank will post 4.95 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 31st. Stockholders of record on Wednesday, October 10th were paid a dividend of $0.5144 per share. The ex-dividend date was Tuesday, October 9th. This represents a $2.06 annualized dividend and a dividend yield of 3.68%. Toronto-Dominion Bank’s payout ratio is currently 49.06%.
Several equities research analysts have weighed in on the stock. TheStreet upgraded shares of Toronto-Dominion Bank from a “c+” rating to a “b” rating in a research note on Tuesday, September 4th. Zacks Investment Research downgraded shares of Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a research note on Thursday, November 1st. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $79.00.
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Toronto-Dominion Bank Profile
The Toronto-Dominion Bank, together with its subsidiaries, provides various personal and commercial banking products and services in Canada and the United States. It operates through three segments: Canadian Retail, U.S. Retail, and Wholesale Banking. The company offers personal deposits, such as checking, savings, and investment products; financing, investment, cash management, international trade, and day-to-day banking services to small, medium, and large 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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