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

Lynx Investment Advisory purchased a new position in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 1,510 shares of the bank’s stock, valued at approximately $83,000.

A number of other institutional investors also recently added to or reduced their stakes in TD. Mather Group LLC. acquired a new stake in shares of Toronto-Dominion Bank in the first quarter valued at $29,000. LifeSteps Financial Inc. acquired a new stake in shares of Toronto-Dominion Bank in the first quarter valued at $30,000. Bank of New Hampshire acquired a new stake in shares of Toronto-Dominion Bank during the fourth quarter worth $32,000. Avior Wealth Management LLC raised its position in shares of Toronto-Dominion Bank by 92.9% during the fourth quarter. Avior Wealth Management LLC now owns 594 shares of the bank’s stock worth $38,000 after purchasing an additional 286 shares during the period. Finally, Optiver Holding B.V. acquired a new stake in shares of Toronto-Dominion Bank during the fourth quarter worth $39,000. Institutional investors and hedge funds own 52.37% of the company’s stock.

Toronto-Dominion Bank Stock Performance

TD traded up $0.31 during midday trading on Tuesday, reaching $56.12. The company’s stock had a trading volume of 4,785,910 shares, compared to its average volume of 2,872,934. The stock has a market cap of $98.02 billion, a P/E ratio of 12.75, a PEG ratio of 1.56 and a beta of 0.82. The company has a fifty day simple moving average of $56.03 and a 200 day simple moving average of $57.90. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.11. The Toronto-Dominion Bank has a twelve month low of $53.52 and a twelve month high of $65.16.

Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last released its 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. Toronto-Dominion Bank had a return on equity of 14.38% and a net margin of 9.96%. The firm had revenue of $10.18 billion for the quarter, compared to analyst estimates of $9.90 billion. Research analysts expect that The Toronto-Dominion Bank will post 5.86 earnings per share for the current year.

Toronto-Dominion Bank Cuts Dividend

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on TD shares. Scotiabank raised Toronto-Dominion Bank from a “sector perform” rating to a “sector outperform” rating in a research report on Wednesday, April 17th. National Bank Financial downgraded Toronto-Dominion Bank from a “sector perform” rating to an “underperform” rating in a research note on Thursday, May 23rd. Cibc World Mkts raised Toronto-Dominion Bank from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 24th. StockNews.com downgraded Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a research note on Tuesday, July 23rd. Finally, UBS Group started coverage on Toronto-Dominion Bank in a research note on Tuesday, July 2nd. They issued a “neutral” rating for the company. Two analysts have rated the stock with a sell rating, six have given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Toronto-Dominion Bank has a consensus rating of “Hold” and an average target price of $88.00.

Toronto-Dominion Bank Profile

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.