Stephens Inc. AR lowered its position in Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 43.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 13,726 shares of the bank’s stock after selling 10,417 shares during the period. Stephens Inc. AR’s holdings in Toronto-Dominion Bank were worth $746,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Boston Common Asset Management LLC raised its position in Toronto-Dominion Bank by 1.4% during the first quarter. Boston Common Asset Management LLC now owns 22,740 shares of the bank’s stock valued at $1,235,000 after purchasing an additional 310 shares during the period. Moloney Securities Asset Management LLC raised its position in Toronto-Dominion Bank by 6.9% during the first quarter. Moloney Securities Asset Management LLC now owns 8,913 shares of the bank’s stock valued at $484,000 after purchasing an additional 574 shares during the period. Signition LP purchased a new stake in Toronto-Dominion Bank during the first quarter valued at approximately $636,000. Mitchell Capital Management Co. raised its position in Toronto-Dominion Bank by 3.4% during the first quarter. Mitchell Capital Management Co. now owns 6,500 shares of the bank’s stock valued at $353,000 after purchasing an additional 214 shares during the period. Finally, Cornerstone Advisors Inc. raised its position in Toronto-Dominion Bank by 9.5% during the first quarter. Cornerstone Advisors Inc. now owns 3,553 shares of the bank’s stock valued at $193,000 after purchasing an additional 309 shares during the period. 49.74% of the stock is owned by institutional investors.
Several brokerages have recently weighed in on TD. BMO Capital Markets reiterated a “buy” rating on shares of Toronto-Dominion Bank in a report on Thursday, February 28th. Zacks Investment Research upgraded Toronto-Dominion Bank from a “hold” rating to a “buy” rating and set a $60.00 price target on the stock in a report on Tuesday, January 22nd. Finally, Barclays reiterated a “hold” rating on shares of Toronto-Dominion Bank in a report on Friday. One analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $60.00.
Shares of NYSE TD traded down $0.27 during midday trading on Tuesday, hitting $55.34. The company’s stock had a trading volume of 83,099 shares, compared to its average volume of 1,242,486. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.93 and a current ratio of 0.93. Toronto-Dominion Bank has a 12-month low of $47.73 and a 12-month high of $62.00. The company has a market cap of $100.98 billion, a price-to-earnings ratio of 11.00, a PEG ratio of 1.57 and a beta of 1.06.
Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last announced its quarterly earnings data on Thursday, February 28th. The bank reported $1.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.31 by ($0.13). Toronto-Dominion Bank had a return on equity of 16.36% and a net margin of 20.48%. The firm had revenue of $7.51 billion during the quarter, compared to the consensus estimate of $7.35 billion. Sell-side analysts predict that Toronto-Dominion Bank will post 5.07 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Wednesday, April 10th were paid a $0.564 dividend. The ex-dividend date was Tuesday, April 9th. This represents a $2.26 annualized dividend and a yield of 4.08%. This is a boost from Toronto-Dominion Bank’s previous quarterly dividend of $0.51. Toronto-Dominion Bank’s dividend payout ratio is 44.14%.
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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. The company operates through three segments: Canadian Retail, U.S. Retail, and Wholesale Banking. It offers personal deposits, such as checking, savings, and investment products; financing, investment, cash management, international trade, and day-to-day banking services to 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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