Godsey & Gibb Inc. Purchases 10,965 Shares of The Toronto-Dominion Bank (NYSE:TD)

Godsey & Gibb Inc. increased its position in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 3.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 345,305 shares of the bank’s stock after purchasing an additional 10,965 shares during the period. Toronto-Dominion Bank accounts for 2.0% of Godsey & Gibb Inc.’s portfolio, making the stock its 29th largest holding. Godsey & Gibb Inc.’s holdings in Toronto-Dominion Bank were worth $20,698,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of TD. Lee Danner & Bass Inc. purchased a new position in Toronto-Dominion Bank during the fourth quarter valued at $27,000. Financial Management Professionals Inc. grew its stake in shares of Toronto-Dominion Bank by 322.4% in the 1st quarter. Financial Management Professionals Inc. now owns 490 shares of the bank’s stock worth $29,000 after buying an additional 374 shares in the last quarter. Bank of Jackson Hole Trust purchased a new position in shares of Toronto-Dominion Bank in the 4th quarter worth $32,000. CoreCap Advisors LLC grew its stake in shares of Toronto-Dominion Bank by 57.5% in the 4th quarter. CoreCap Advisors LLC now owns 630 shares of the bank’s stock worth $34,000 after buying an additional 230 shares in the last quarter. Finally, Murphy & Mullick Capital Management Corp purchased a new position in shares of Toronto-Dominion Bank in the 4th quarter worth $39,000. 52.37% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

TD has been the subject of a number of recent research reports. Scotiabank initiated coverage on shares of Toronto-Dominion Bank in a research note on Thursday, May 15th. They issued a “sector perform” rating for the company. Wall Street Zen raised shares of Toronto-Dominion Bank from a “sell” rating to a “hold” rating in a research report on Saturday, May 24th. Royal Bank of Canada boosted their price objective on shares of Toronto-Dominion Bank from $87.00 to $93.00 and gave the stock a “sector perform” rating in a research note on Friday, May 23rd. Finally, Jefferies Financial Group lowered shares of Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a research note on Tuesday, February 18th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $93.00.

Toronto-Dominion Bank Trading Up 0.5%

Shares of Toronto-Dominion Bank stock opened at $70.34 on Friday. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.11. The Toronto-Dominion Bank has a 12-month low of $51.25 and a 12-month high of $70.56. The firm has a market capitalization of $121.18 billion, a price-to-earnings ratio of 20.27, a PEG ratio of 1.95 and a beta of 0.82. The firm’s 50 day simple moving average is $63.15 and its two-hundred day simple moving average is $59.01.

Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last issued its quarterly earnings results on Thursday, May 22nd. The bank reported $1.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.25 by $0.14. Toronto-Dominion Bank had a net margin of 7.37% and a return on equity of 13.96%. The business had revenue of $10.97 billion for the quarter, compared to analyst estimates of $13.36 billion. During the same quarter in the prior year, the business posted $2.04 EPS. Analysts predict that The Toronto-Dominion Bank will post 5.48 EPS for the current year.

Toronto-Dominion Bank Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Thursday, July 10th will be issued a $0.7568 dividend. This is an increase from Toronto-Dominion Bank’s previous quarterly dividend of $0.73. This represents a $3.03 annualized dividend and a dividend yield of 4.30%. The ex-dividend date is Thursday, July 10th. Toronto-Dominion Bank’s dividend payout ratio is 44.72%.

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.