Valeo Financial Advisors LLC Has $216,000 Stake in The Toronto-Dominion Bank (NYSE:TD)

Valeo Financial Advisors LLC reduced its position in The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 12.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 3,343 shares of the bank’s stock after selling 478 shares during the period. Valeo Financial Advisors LLC’s holdings in Toronto-Dominion Bank were worth $216,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Fairfield Bush & CO. acquired a new stake in shares of Toronto-Dominion Bank in the 1st quarter valued at $26,000. Fortis Capital Advisors LLC acquired a new stake in shares of Toronto-Dominion Bank in the 4th quarter valued at $26,000. PCA Investment Advisory Services Inc. acquired a new stake in shares of Toronto-Dominion Bank in the 2nd quarter valued at $26,000. Bray Capital Advisors increased its stake in shares of Toronto-Dominion Bank by 206.7% in the 3rd quarter. Bray Capital Advisors now owns 460 shares of the bank’s stock valued at $28,000 after buying an additional 310 shares during the period. Finally, Financial Management Professionals Inc. bought a new position in shares of Toronto-Dominion Bank in the 3rd quarter worth $31,000. 52.37% of the stock is owned by institutional investors and hedge funds.

Toronto-Dominion Bank Stock Performance

TD stock opened at $56.14 on Wednesday. The business’s 50-day moving average price is $59.48 and its two-hundred day moving average price is $60.09. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.09. The firm has a market cap of $98.99 billion, a PE ratio of 12.00, a P/E/G ratio of 1.74 and a beta of 0.86. The Toronto-Dominion Bank has a 1-year low of $54.69 and a 1-year high of $66.15.

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

Toronto-Dominion Bank Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, April 9th will be issued a dividend of $0.7519 per share. The ex-dividend date of this dividend is Monday, April 8th. This is a positive change from Toronto-Dominion Bank’s previous quarterly dividend of $0.75. This represents a $3.01 annualized dividend and a yield of 5.36%. Toronto-Dominion Bank’s payout ratio is currently 30.56%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on TD shares. Scotiabank lowered Toronto-Dominion Bank from a “sector outperform” rating to a “sector perform” rating in a research report on Wednesday, December 20th. Jefferies Financial Group started coverage on Toronto-Dominion Bank in a research report on Thursday, February 22nd. They issued a “hold” rating on the stock. Finally, Barclays started coverage on Toronto-Dominion Bank in a research report on Wednesday, March 20th. They issued an “equal weight” rating on the stock. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Toronto-Dominion Bank presently has a consensus rating of “Hold” and a consensus target price of $89.33.

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 four segments: Canadian Personal and Commercial Banking, U.S. Retail, Wealth Management and Insurance, and Wholesale Banking.