According to the most recent Form 13F filing that the company made with the Securities and Exchange Commission, Valeo Financial Advisors LLC made a new investment in The Toronto-Dominion Bank (NYSE: TD) (TSE: TD) during the third quarter. Valeo Financial Advisors LLC provided this information. The document was submitted in a manner that was compliant with the standards set forth by the Securities and Exchange Commission. The investment fund purchased 4,501 shares of the bank’s stock at approximately $277,500.
TD stock has seen significant buying and selling activity from many institutional investors throughout the last few months. A 7.2% increase in the proportion of Toronto-Dominion Bank stock that Legal & General Group Plc owns was accomplished during the company’s second fiscal quarter. After making an additional purchase of 760,101 shares during the period, Legal & General Group Plc now holds 11,288.200 shares of the bank’s stock. Based on the current stock price and the company’s estimated valuation, the company has a market value of $738,624,000. During the second quarter, Scotia Capital Inc. increased the amount of Toronto-Dominion Bank stock owned by 0.8%, bringing the total amount to 100%. Scotia Capital Inc. now has 9,769,983 shares of the bank’s stock, currently valued at $640,507,000 after the company purchased an additional 81,152 shares during the period in question. Over the second quarter, Toronto-Dominion Bank increased the proportion of Toronto-Dominion Bank that it owned by 39.9%. Following the acquisition of a further 2,163,713 shares during the period in question, Toronto Dominion Bank now holds 7,589,856 shares of the company’s stock. The value of these shares, as of now, is equal to $497,682,000. The National Bank of Canada Financial Institution increased the amount of Toronto-Dominion Bank shares it had in its portfolio by 3.2% during the third quarter. The National Bank of Canada FI now has 5,295,196 shares of the bank’s stock, thanks to purchasing an additional 163,015 shares throughout the previous time frame. Each share of the bank’s stock is currently worth $324,625,000. And finally, during the second quarter, Franklin Resources Inc. added 10.5% to the proportion of Toronto-Dominion Bank stock that it already owned. Franklin Resources Inc. has increased the total number of shares it owns in the bank to 4,956,134, bringing the total value of those shares to $324,987,000. Since the beginning of the most recent quarter, Franklin Resources Inc. has purchased 472,044 shares of the bank’s stock. To the tune of 49.22% of the company’s shares, hedge funds and other institutional investors hold their positions.
TD stock has recently received significant attention from several analysts working for various equity research firms. The price objective that the Credit Suisse Group had established for the stock was increased from C$96.00 to C$98.00, as announced in a research note made public on December 2nd by the Credit Suisse Group. The price objective that Scotiabank had established for the shares of Toronto-Dominion Bank was decreased from C$103.00 to C$100.00, as announced in a research note published on Tuesday, December 20th, by Scotiabank. National Bank Financial decreased their price target on shares of Toronto-Dominion Bank from C$106.00 to C$103.00 in a research study that was made public on November 18th and November 18th. The analysis focused on the potential financial outcomes for the company. Canaccord Genuity Group stated in a research note made public on Friday, December 2nd, that they had upgraded their recommendation on shares of Toronto-Dominion Bank from a “hold” rating to a “buy” one. Previously, they had recommended that investors “hold” on purchasing these shares. StockNews.com did not start reporting on the shares of Toronto-Dominion Bank until October 12th and 12th, and they did so by publishing a research report about the company on that day. They advised their clients to “hold” the stock moving forward. Four financial analysts have issued a buy recommendation for the company’s stock, while five have assigned a hold rating to the business. The website Bloomberg.com has assigned the stock of the company the rating of “Hold” at the moment; in addition, the website reports that the typical price target for the stock is $101.00.
On Friday, NYSE: TD shares began trading at $66.00 each when the market opened. The company has a market capitalization of $120.23 billion, a price-to-earnings ratio of 9.02, a price-to-earnings-growth ratio of 1.24, and a beta value of 0.89. All of these metrics indicate that the company is a relatively stable investment. The debt-to-equity ratio is 0.11, the current ratio is 0.97, and the quick ratio is also 0.97. The debt-to-equity ratio, current ratio, and quick ratio all equal 0.97. The company’s moving average over the previous 200 days is $64.73, while the moving average over the previous 50 days is $65.69. The lowest point over the past year for Toronto-Dominion Bank was $57.27, and the highest point over the past year for the company was $86.01.
In addition, the corporation has declared a quarterly dividend, which will be paid out on the 31st of this month as originally planned. On Friday, January 6th, 2018, a dividend payment will be made to shareholders who were recorded as holding the stock on the record date. The amount of the dividend payment will be $0.7081 per share. This represents an increase from the previous dividend amount of $0.70 distributed by Toronto-Dominion Bank every quarter as compensation. The results of this calculation are that there will be a dividend yield of 4.29% and an annual dividend of $2.83. The date shareholders will no longer receive dividends is Thursday, January 5th, and January 5th. Currently, Toronto-Dominion Bank’s dividend payout ratio stands at 38.66%.
The United States of America and Canada are two of the many countries in which The Toronto-Dominion Bank and its subsidiaries and affiliates offer a comprehensive range of financial products and services. These are available from the Toronto-Dominion Bank and its subsidiaries and affiliates. The headquarters of the company’s four business divisions—retail in the United States, wealth management and insurance, personal and commercial banking in Canada, and wholesale banking—are all located in Canada. Wholesale banking is the only division that serves international clients. Customers interested in purchasing automobiles or recreational vehicles can take advantage of the numerous financing choices presented to them by the business at the time of purchase. In addition, the company acts as a facilitator for personal deposits, including checking accounts, savings accounts, and investment products; business financing; investment opportunities; cash management; international trade; and everyday banking services.