Lynx Investment Advisory Acquires New Position in The Toronto-Dominion Bank (NYSE:TD)

Lynx Investment Advisory acquired a new stake in The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 1,510 shares of the bank’s stock, valued at approximately $83,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of TD. Family Legacy Inc. raised its position in Toronto-Dominion Bank by 0.7% during the 1st quarter. Family Legacy Inc. now owns 26,351 shares of the bank’s stock worth $1,591,000 after buying an additional 172 shares during the last quarter. Stratos Wealth Partners LTD. raised its position in Toronto-Dominion Bank by 0.9% during the 4th quarter. Stratos Wealth Partners LTD. now owns 20,126 shares of the bank’s stock worth $1,301,000 after buying an additional 174 shares during the last quarter. Private Trust Co. NA raised its position in Toronto-Dominion Bank by 10.6% during the 4th quarter. Private Trust Co. NA now owns 1,808 shares of the bank’s stock worth $117,000 after buying an additional 174 shares during the last quarter. Park Avenue Securities LLC raised its position in Toronto-Dominion Bank by 5.3% during the 1st quarter. Park Avenue Securities LLC now owns 3,641 shares of the bank’s stock worth $220,000 after buying an additional 184 shares during the last quarter. Finally, Consolidated Portfolio Review Corp grew its stake in shares of Toronto-Dominion Bank by 1.6% during the 1st quarter. Consolidated Portfolio Review Corp now owns 11,583 shares of the bank’s stock worth $699,000 after purchasing an additional 186 shares during the period. 52.37% of the stock is owned by hedge funds and other institutional investors.

Toronto-Dominion Bank Price Performance

Toronto-Dominion Bank stock traded up $0.31 during trading on Tuesday, reaching $56.12. The company had a trading volume of 4,785,910 shares, compared to its average volume of 2,872,934. The firm’s 50-day simple moving average is $56.03 and its 200 day simple moving average is $57.90. The Toronto-Dominion Bank has a 1-year low of $53.52 and a 1-year high of $65.16. The firm has a market capitalization of $98.02 billion, a PE ratio of 12.75, a price-to-earnings-growth ratio of 1.56 and a beta of 0.82. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.01 and a current ratio of 1.01.

Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last released its quarterly earnings results on Thursday, May 23rd. The bank reported $1.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.35 by $0.15. The firm had revenue of $10.18 billion for the quarter, compared to analysts’ expectations of $9.90 billion. Toronto-Dominion Bank had a net margin of 9.96% and a return on equity of 14.38%. As a group, equities research analysts anticipate that The Toronto-Dominion Bank will post 5.86 earnings per share for the current fiscal year.

Toronto-Dominion Bank Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Wednesday, July 10th were issued a $0.74 dividend. The ex-dividend date of this dividend was Wednesday, July 10th. This represents a $2.96 dividend on an annualized basis and a yield of 5.27%. Toronto-Dominion Bank’s payout ratio is currently 67.73%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on TD shares. BMO Capital Markets dropped their price objective on shares of Toronto-Dominion Bank from $86.00 to $84.00 and set a “market perform” rating on the stock in a research note on Friday, May 24th. Scotiabank raised shares of Toronto-Dominion Bank from a “sector perform” rating to a “sector outperform” rating in a research note on Wednesday, April 17th. National Bank Financial cut shares of Toronto-Dominion Bank from a “sector perform” rating to an “underperform” rating in a research note on Thursday, May 23rd. StockNews.com cut shares of Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a research note on Tuesday, July 23rd. Finally, Cibc World Mkts raised shares of Toronto-Dominion Bank from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 24th. Two analysts have rated the stock with a sell rating, six have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $88.00.

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.