11,085 Shares in Toronto Dominion Bank (The) $TD Purchased by Dickmeyer Boyce Financial Management Inc.

Dickmeyer Boyce Financial Management Inc. purchased a new stake in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 11,085 shares of the bank’s stock, valued at approximately $1,034,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in TD. Main Line Retirement Advisors LLC grew its stake in Toronto Dominion Bank by 0.8% during the first quarter. Main Line Retirement Advisors LLC now owns 12,254 shares of the bank’s stock worth $1,143,000 after buying an additional 102 shares during the last quarter. Chicago Partners Investment Group LLC increased its holdings in Toronto Dominion Bank by 1.8% during the 1st quarter. Chicago Partners Investment Group LLC now owns 5,735 shares of the bank’s stock valued at $535,000 after purchasing an additional 102 shares in the last quarter. Checchi Capital Advisers LLC increased its holdings in Toronto Dominion Bank by 1.5% during the 1st quarter. Checchi Capital Advisers LLC now owns 7,194 shares of the bank’s stock valued at $671,000 after purchasing an additional 104 shares in the last quarter. Richardson Financial Services Inc. raised its position in Toronto Dominion Bank by 12.4% in the 4th quarter. Richardson Financial Services Inc. now owns 1,104 shares of the bank’s stock valued at $104,000 after purchasing an additional 122 shares during the last quarter. Finally, Valmark Advisers Inc. boosted its stake in Toronto Dominion Bank by 0.8% in the first quarter. Valmark Advisers Inc. now owns 16,057 shares of the bank’s stock worth $1,498,000 after purchasing an additional 122 shares in the last quarter. 52.37% of the stock is currently owned by institutional investors and hedge funds.

Toronto Dominion Bank Stock Performance

Shares of TD stock opened at $119.15 on Friday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.04 and a current ratio of 1.04. Toronto Dominion Bank has a 52 week low of $72.21 and a 52 week high of $124.87. The company’s 50 day moving average price is $117.04 and its two-hundred day moving average price is $104.60. The company has a market capitalization of $195.98 billion, a P/E ratio of 18.59, a price-to-earnings-growth ratio of 1.35 and a beta of 0.71.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last released its quarterly earnings results on Thursday, May 28th. The bank reported $1.74 earnings per share for the quarter, beating the consensus estimate of $1.63 by $0.11. The company had revenue of $11.80 billion during the quarter, compared to analysts’ expectations of $11.04 billion. Toronto Dominion Bank had a net margin of 13.20% and a return on equity of 14.83%. The business’s quarterly revenue was down 31.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.97 earnings per share. On average, analysts expect that Toronto Dominion Bank will post 6.86 earnings per share for the current fiscal year.

Toronto Dominion Bank Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, July 10th will be given a $1.12 dividend. This represents a $4.48 dividend on an annualized basis and a yield of 3.8%. This is an increase from Toronto Dominion Bank’s previous quarterly dividend of $1.08. The ex-dividend date of this dividend is Friday, July 10th. Toronto Dominion Bank’s payout ratio is 49.14%.

Analysts Set New Price Targets

TD has been the subject of a number of research analyst reports. Royal Bank Of Canada lifted their price target on Toronto Dominion Bank from $138.00 to $156.00 and gave the company an “outperform” rating in a report on Monday, June 1st. Raymond James Financial raised shares of Toronto Dominion Bank from a “market perform” rating to an “outperform” rating in a report on Tuesday, May 12th. Wall Street Zen downgraded Toronto Dominion Bank from a “hold” rating to a “sell” rating in a research report on Saturday, May 23rd. Zacks Research lowered Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Finally, Weiss Ratings downgraded shares of Toronto Dominion Bank from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, Toronto Dominion Bank currently has an average rating of “Moderate Buy” and a consensus price target of $156.00.

Toronto Dominion Bank Company Profile

Toronto-Dominion Bank (TD) is a Canadian multinational banking and financial services company headquartered in Toronto, Ontario. Formed through the 1955 merger of the Bank of Toronto (founded 1855) and the Dominion Bank (founded 1869), TD is one of Canada’s largest banks and offers a broad range of financial products and services to individual, small business, commercial and institutional clients.

TD’s core businesses include Canadian and U.S. personal and commercial banking, wealth management, wholesale banking and insurance.