Veriti Management LLC Boosts Stock Holdings in The Toronto-Dominion Bank (NYSE:TD)

Veriti Management LLC grew its position in shares of The Toronto-Dominion Bank (NYSE:TDGet Rating) (TSE:TD) by 5.3% during the first quarter, Holdings Channel.com reports. The fund owned 11,610 shares of the bank’s stock after purchasing an additional 585 shares during the quarter. Veriti Management LLC’s holdings in Toronto-Dominion Bank were worth $922,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. CIBC Private Wealth Group LLC purchased a new position in shares of Toronto-Dominion Bank in the 4th quarter worth about $1,513,000. Congress Wealth Management LLC DE purchased a new position in shares of Toronto-Dominion Bank in the 4th quarter worth about $393,000. Ritholtz Wealth Management boosted its holdings in shares of Toronto-Dominion Bank by 51.6% in the 4th quarter. Ritholtz Wealth Management now owns 22,727 shares of the bank’s stock worth $1,743,000 after buying an additional 7,733 shares during the last quarter. Westwood Holdings Group Inc. purchased a new position in shares of Toronto-Dominion Bank in the 4th quarter worth about $437,000. Finally, Stonnington Group LLC boosted its holdings in shares of Toronto-Dominion Bank by 628.5% in the 4th quarter. Stonnington Group LLC now owns 28,630 shares of the bank’s stock worth $2,294,000 after buying an additional 24,700 shares during the last quarter. 50.00% of the stock is currently owned by hedge funds and other institutional investors.

Shares of TD opened at $67.09 on Thursday. The business’s 50-day moving average price is $72.55 and its 200-day moving average price is $76.84. The Toronto-Dominion Bank has a twelve month low of $62.81 and a twelve month high of $86.01. The stock has a market cap of $121.21 billion, a PE ratio of 10.45, a P/E/G ratio of 1.32 and a beta of 0.95. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.12.

Toronto-Dominion Bank (NYSE:TDGet Rating) (TSE:TD) last announced its quarterly earnings results on Thursday, May 26th. The bank reported $2.02 earnings per share for the quarter, beating the consensus estimate of $1.57 by $0.45. Toronto-Dominion Bank had a return on equity of 15.98% and a net margin of 24.49%. The firm had revenue of $11.26 billion for the quarter, compared to analysts’ expectations of $10.18 billion. During the same period in the prior year, the business posted $1.62 earnings per share. The company’s revenue was up 10.1% on a year-over-year basis. Analysts expect that The Toronto-Dominion Bank will post 6.4 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, July 31st. Investors of record on Friday, July 8th will be given a $0.692 dividend. This represents a $2.77 annualized dividend and a dividend yield of 4.13%. The ex-dividend date of this dividend is Thursday, July 7th. Toronto-Dominion Bank’s dividend payout ratio (DPR) is 44.39%.

A number of equities analysts recently weighed in on TD shares. National Bank Financial boosted their price target on shares of Toronto-Dominion Bank from C$100.00 to C$102.00 in a report on Friday, May 27th. Desjardins upped their price objective on shares of Toronto-Dominion Bank from C$110.00 to C$113.00 in a report on Monday, March 7th. Scotiabank dropped their price objective on shares of Toronto-Dominion Bank from C$105.00 to C$102.00 in a report on Friday, May 20th. Credit Suisse Group upped their price objective on shares of Toronto-Dominion Bank from C$102.00 to C$103.00 in a report on Friday, May 27th. Finally, CIBC downgraded shares of Toronto-Dominion Bank from an “outperform” rating to a “neutral” rating in a report on Monday, April 11th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Toronto-Dominion Bank has an average rating of “Hold” and an average target price of $101.02.

Toronto-Dominion Bank Company Profile (Get Rating)

The Toronto-Dominion Bank, together with its subsidiaries, provides various financial products and services in Canada, the United States, and internationally. It operates through three segments: Canadian Retail, U.S. Retail, and Wholesale Banking. The company offers personal deposits, such as chequing, savings, and investment products; financing, investment, cash management, international trade, and day-to-day banking services to businesses; and financing options to customers at point of sale for automotive and recreational vehicle purchases.

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Institutional Ownership by Quarter for Toronto-Dominion Bank (NYSE:TD)

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