EP Wealth Advisors LLC acquired a new stake in shares of The Toronto-Dominion Bank (NYSE:TD – Free Report) (TSE:TD) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 4,677 shares of the bank’s stock, valued at approximately $229,000.
Several other institutional investors also recently bought and sold shares of the company. Raymond James Trust N.A. grew its position in Toronto-Dominion Bank by 1.7% during 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. Richard P Slaughter Associates Inc boosted its holdings in shares of Toronto-Dominion Bank by 0.8% during the 1st quarter. Richard P Slaughter Associates Inc now owns 20,592 shares of the bank’s stock valued at $1,233,000 after acquiring an additional 163 shares during the last quarter. Centaurus Financial Inc. boosted its holdings in shares of Toronto-Dominion Bank by 7.7% during the 1st quarter. Centaurus Financial Inc. now owns 2,447 shares of the bank’s stock valued at $147,000 after acquiring an additional 174 shares during the last quarter. SVB Wealth LLC boosted its holdings in shares of Toronto-Dominion Bank by 4.5% during the 4th quarter. SVB Wealth LLC now owns 4,218 shares of the bank’s stock valued at $273,000 after acquiring an additional 183 shares during the last quarter. Finally, Summit Global Investments boosted its holdings in shares of Toronto-Dominion Bank by 3.5% during the 1st quarter. Summit Global Investments now owns 5,515 shares of the bank’s stock valued at $330,000 after acquiring an additional 184 shares during the last quarter. 51.52% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
TD has been the topic of a number of recent analyst reports. Royal Bank of Canada dropped their price target on shares of Toronto-Dominion Bank from $96.00 to $94.00 and set an “outperform” rating on the stock in a report on Friday, August 25th. Credit Suisse Group lowered their price objective on shares of Toronto-Dominion Bank from $93.00 to $92.00 and set an “outperform” rating on the stock in a research note on Friday, August 25th. StockNews.com cut shares of Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a research note on Monday, August 28th. Finally, Barclays lowered their price objective on shares of Toronto-Dominion Bank from $84.00 to $82.00 and set an “equal weight” rating on the stock in a research note on Friday, August 25th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $97.71.
Toronto-Dominion Bank Price Performance
NYSE TD opened at $62.16 on Tuesday. The Toronto-Dominion Bank has a 12 month low of $55.43 and a 12 month high of $70.67. The stock has a market cap of $113.59 billion, a price-to-earnings ratio of 10.77, a PEG ratio of 2.08 and a beta of 0.91. The company’s 50 day moving average is $62.64 and its two-hundred day moving average is $61.02. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.11.
Toronto-Dominion Bank (NYSE:TD – Get Free Report) (TSE:TD) last released its earnings results on Thursday, August 24th. The bank reported $1.48 EPS for the quarter, missing analysts’ consensus estimates of $1.52 by ($0.04). Toronto-Dominion Bank had a return on equity of 15.17% and a net margin of 15.25%. The firm had revenue of $9.51 billion for the quarter, compared to the consensus estimate of $9 billion. As a group, research analysts anticipate that The Toronto-Dominion Bank will post 6.05 earnings per share for the current year.
Toronto-Dominion Bank Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Friday, October 6th will be paid a dividend of $0.725 per share. This is a boost from Toronto-Dominion Bank’s previous quarterly dividend of $0.71. The ex-dividend date of this dividend is Thursday, October 5th. This represents a $2.90 dividend on an annualized basis and a yield of 4.67%. Toronto-Dominion Bank’s dividend payout ratio (DPR) is presently 50.26%.
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 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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