Simplicity Solutions LLC Grows Stake in The Toronto-Dominion Bank (NYSE:TD)

Simplicity Solutions LLC increased its holdings in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 14.1% in the 4th quarter, HoldingsChannel.com reports. The firm owned 7,073 shares of the bank’s stock after acquiring an additional 872 shares during the period. Simplicity Solutions LLC’s holdings in Toronto-Dominion Bank were worth $457,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Fairfield Bush & CO. bought a new position in Toronto-Dominion Bank during the first quarter valued at approximately $26,000. Fortis Capital Advisors LLC bought a new position in Toronto-Dominion Bank during the fourth quarter valued at approximately $26,000. PCA Investment Advisory Services Inc. bought a new position in Toronto-Dominion Bank during the second quarter valued at approximately $26,000. Bray Capital Advisors boosted its stake in Toronto-Dominion Bank by 206.7% during the third 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 last quarter. Finally, Financial Management Professionals Inc. bought a new position in Toronto-Dominion Bank during the third quarter valued at approximately $31,000. Hedge funds and other institutional investors own 52.37% of the company’s stock.

Toronto-Dominion Bank Trading Up 0.8 %

Shares of NYSE TD opened at $57.25 on Friday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.99 and a current ratio of 0.99. The business’s 50 day moving average price is $59.39 and its 200-day moving average price is $60.05. The Toronto-Dominion Bank has a fifty-two week low of $54.69 and a fifty-two week high of $66.15. The company has a market cap of $100.94 billion, a price-to-earnings ratio of 12.23, a PEG ratio of 1.75 and a beta of 0.86.

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 for the quarter, topping 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 the consensus estimate of $9.35 billion. On average, sell-side analysts expect 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 declared a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 9th will be issued a $0.7519 dividend. This represents a $3.01 annualized dividend and a dividend yield of 5.25%. This is an increase from Toronto-Dominion Bank’s previous quarterly dividend of $0.75. The ex-dividend date is Monday, April 8th. Toronto-Dominion Bank’s dividend payout ratio is presently 30.56%.

Analysts Set New Price Targets

TD has been the subject of a number of research reports. Scotiabank raised Toronto-Dominion Bank from a “sector perform” rating to a “sector outperform” rating in a research note on Wednesday. Jefferies Financial Group started coverage on Toronto-Dominion Bank in a research note on Thursday, February 22nd. They issued a “hold” rating for the company. Finally, Barclays started coverage on Toronto-Dominion Bank in a research note on Wednesday, March 20th. They issued an “equal weight” rating for the company. Five analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus 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.