Kestra Advisory Services LLC Buys 4,287 Shares of The Toronto-Dominion Bank (NYSE:TD)

Kestra Advisory Services LLC increased its stake in shares of The Toronto-Dominion Bank (NYSE:TDGet Rating) (TSE:TD) by 17.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,750 shares of the bank’s stock after buying an additional 4,287 shares during the quarter. Kestra Advisory Services LLC’s holdings in Toronto-Dominion Bank were worth $1,763,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of TD. Fairfield Bush & CO. bought a new position in shares of Toronto-Dominion Bank during the 1st quarter worth approximately $26,000. BlackRock Inc. lifted its position in shares of Toronto-Dominion Bank by 6.3% during the 1st quarter. BlackRock Inc. now owns 914,064 shares of the bank’s stock worth $72,595,000 after buying an additional 54,121 shares during the period. U.S. Capital Wealth Advisors LLC bought a new position in Toronto-Dominion Bank in the 1st quarter valued at $200,000. Raymond James Trust N.A. raised its position in Toronto-Dominion Bank by 1.7% in the 1st quarter. Raymond James Trust N.A. now owns 9,868 shares of the bank’s stock valued at $784,000 after purchasing an additional 161 shares during the last quarter. Finally, Cetera Investment Advisers raised its position in Toronto-Dominion Bank by 21.8% in the 1st quarter. Cetera Investment Advisers now owns 12,022 shares of the bank’s stock valued at $955,000 after purchasing an additional 2,154 shares during the last quarter. Institutional investors own 49.22% of the company’s stock.

Toronto-Dominion Bank Stock Up 1.4 %

Shares of Toronto-Dominion Bank stock opened at $66.65 on Monday. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.11. The Toronto-Dominion Bank has a 12 month low of $57.27 and a 12 month high of $86.01. The business has a fifty day simple moving average of $65.76 and a 200 day simple moving average of $64.76. The stock has a market cap of $121.43 billion, a PE ratio of 9.11, a price-to-earnings-growth ratio of 1.28 and a beta of 0.89.

Toronto-Dominion Bank (NYSE:TDGet Rating) (TSE:TD) last announced its quarterly earnings data on Thursday, December 1st. The bank reported $1.64 EPS for the quarter, topping analysts’ consensus estimates of $1.50 by $0.14. Toronto-Dominion Bank had a return on equity of 15.91% and a net margin of 23.48%. The business had revenue of $11.69 billion during the quarter. Research analysts predict that The Toronto-Dominion Bank will post 6.65 EPS for the current year.

Toronto-Dominion Bank Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 31st. Investors of record on Friday, January 6th will be paid a dividend of $0.7081 per share. The ex-dividend date is Thursday, January 5th. This is a boost from Toronto-Dominion Bank’s previous quarterly dividend of $0.70. This represents a $2.83 dividend on an annualized basis and a dividend yield of 4.25%. Toronto-Dominion Bank’s payout ratio is 38.66%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on TD. Canaccord Genuity Group upgraded Toronto-Dominion Bank from a “hold” rating to a “buy” rating in a research report on Friday, December 2nd. Credit Suisse Group lifted their price objective on Toronto-Dominion Bank from C$96.00 to C$98.00 in a research report on Friday, December 2nd. StockNews.com began coverage on Toronto-Dominion Bank in a research report on Wednesday, October 12th. They issued a “hold” rating for the company. Canaccord Genuity Group upgraded Toronto-Dominion Bank from a “hold” rating to a “buy” rating and lifted their price objective for the company from C$95.00 to C$103.00 in a research report on Monday, December 5th. Finally, Scotiabank dropped their target price on Toronto-Dominion Bank from C$103.00 to C$100.00 in a research report on Tuesday, December 20th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $101.00.

Toronto-Dominion Bank Profile

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The Toronto-Dominion Bank, together with its subsidiaries, provides various financial products and services in Canada, the United States, and internationally. It operates through Canadian Personal and Commercial Banking, U.S. Retail, Wealth Management and Insurance, and Wholesale Banking segments. The company offers personal deposits, such as checking, 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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