Bleakley Financial Group LLC Has $457,000 Stock Position in The Toronto-Dominion Bank (NYSE:TD)

Bleakley Financial Group LLC boosted its position in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 14.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,073 shares of the bank’s stock after purchasing an additional 872 shares during the period. Bleakley Financial Group LLC’s holdings in Toronto-Dominion Bank were worth $457,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Cooper Financial Group lifted its position in shares of Toronto-Dominion Bank by 2.4% in the fourth quarter. Cooper Financial Group now owns 8,120 shares of the bank’s stock worth $525,000 after buying an additional 188 shares during the last quarter. Cape Cod Five Cents Savings Bank lifted its position in shares of Toronto-Dominion Bank by 100.0% in the third quarter. Cape Cod Five Cents Savings Bank now owns 16,780 shares of the bank’s stock worth $1,011,000 after buying an additional 8,390 shares during the last quarter. Schechter Investment Advisors LLC lifted its position in shares of Toronto-Dominion Bank by 6.0% in the fourth quarter. Schechter Investment Advisors LLC now owns 7,697 shares of the bank’s stock worth $497,000 after buying an additional 434 shares during the last quarter. Dixon Mitchell Investment Counsel Inc. lifted its position in shares of Toronto-Dominion Bank by 17.3% in the fourth quarter. Dixon Mitchell Investment Counsel Inc. now owns 1,351,526 shares of the bank’s stock worth $87,784,000 after buying an additional 199,603 shares during the last quarter. Finally, Barometer Capital Management Inc. lifted its position in shares of Toronto-Dominion Bank by 84.4% in the third quarter. Barometer Capital Management Inc. now owns 160,078 shares of the bank’s stock worth $9,646,000 after buying an additional 73,274 shares during the last quarter. Institutional investors and hedge funds own 52.37% of the company’s stock.

Toronto-Dominion Bank Trading Down 1.6 %

Shares of TD opened at $56.83 on Friday. The Toronto-Dominion Bank has a 12-month low of $54.69 and a 12-month high of $66.15. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.09. The firm has a market capitalization of $100.20 billion, a price-to-earnings ratio of 12.14, a P/E/G ratio of 1.75 and a beta of 0.86. The stock’s 50-day moving average price is $59.60 and its 200 day moving average price is $60.15.

Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last issued its quarterly earnings results on Thursday, February 29th. The bank reported $1.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.42 by $0.05. Toronto-Dominion Bank had a return on equity of 14.15% and a net margin of 11.16%. The firm had revenue of $10.07 billion for the quarter, compared to analyst estimates of $9.35 billion. As a group, research analysts predict that The Toronto-Dominion Bank will post 5.85 earnings per share for the current year.

Toronto-Dominion Bank Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, April 9th will be paid a dividend of $0.7519 per share. This represents a $3.01 annualized dividend and a yield of 5.29%. This is a positive change from Toronto-Dominion Bank’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend is Monday, April 8th. Toronto-Dominion Bank’s payout ratio is currently 30.56%.

Wall Street Analysts Forecast Growth

TD has been the subject of a number of analyst reports. Jefferies Financial Group initiated coverage on Toronto-Dominion Bank in a research report on Thursday, February 22nd. They issued a “hold” rating for the company. Bank of America cut Toronto-Dominion Bank from a “buy” rating to a “neutral” rating in a research report on Monday, December 18th. Barclays started coverage on Toronto-Dominion Bank in a research report on Wednesday, March 20th. They set an “equal weight” rating for the company. Finally, Scotiabank cut Toronto-Dominion Bank from a “sector outperform” rating to a “sector perform” rating in a research report on Wednesday, December 20th. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, Toronto-Dominion Bank currently has an average rating of “Hold” and a consensus price target of $89.33.

Toronto-Dominion Bank Profile

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.