International Assets Investment Management LLC Invests $2.96 Million in The Toronto-Dominion Bank (NYSE:TD)

International Assets Investment Management LLC purchased a new position in The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 45,816 shares of the bank’s stock, valued at approximately $2,961,000.

Other large investors have also recently made changes to their positions in the company. Fairfield Bush & CO. bought a new stake in shares of Toronto-Dominion Bank in the first quarter worth approximately $26,000. Fortis Capital Advisors LLC bought a new stake in shares of Toronto-Dominion Bank in the fourth quarter worth approximately $26,000. PCA Investment Advisory Services Inc. bought a new stake in shares of Toronto-Dominion Bank in the second quarter worth approximately $26,000. Bray Capital Advisors grew its stake in shares of Toronto-Dominion Bank by 206.7% in the third quarter. Bray Capital Advisors now owns 460 shares of the bank’s stock worth $28,000 after acquiring an additional 310 shares during the period. Finally, Financial Management Professionals Inc. bought a new stake in shares of Toronto-Dominion Bank in the third quarter worth approximately $31,000. 52.37% of the stock is currently owned by institutional investors.

Toronto-Dominion Bank Stock Performance

TD opened at $57.25 on Friday. The firm has a market cap of $100.94 billion, a P/E ratio of 12.23, a PEG ratio of 1.73 and a beta of 0.86. The Toronto-Dominion Bank has a 1-year low of $54.69 and a 1-year high of $66.15. The company has a 50 day simple moving average of $59.39 and a two-hundred day simple moving average of $60.05. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.99 and a quick ratio of 0.99.

Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last posted its quarterly earnings results on Thursday, February 29th. The bank reported $1.47 earnings per share for the quarter, topping analysts’ consensus estimates of $1.42 by $0.05. The business had revenue of $10.07 billion during the quarter, compared to analyst estimates of $9.35 billion. Toronto-Dominion Bank had a net margin of 11.16% and a return on equity of 14.15%. Equities analysts forecast that The Toronto-Dominion Bank will post 5.85 earnings per share for the current fiscal year.

Toronto-Dominion Bank Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, April 9th will be given a $0.7519 dividend. This is a positive change from Toronto-Dominion Bank’s previous quarterly dividend of $0.75. This represents a $3.01 dividend on an annualized basis and a dividend yield of 5.25%. The ex-dividend date of this dividend is Monday, April 8th. Toronto-Dominion Bank’s dividend payout ratio is presently 30.56%.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Barclays assumed coverage on shares of Toronto-Dominion Bank in a research report on Wednesday, March 20th. They set an “equal weight” rating for the company. Scotiabank upgraded shares of Toronto-Dominion Bank from a “sector perform” rating to a “sector outperform” rating in a research report on Wednesday. Finally, Jefferies Financial Group assumed coverage on shares of Toronto-Dominion Bank in a research report on Thursday, February 22nd. They set a “hold” rating for the company. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $89.33.

Toronto-Dominion Bank Company 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.