Cerity Partners LLC Purchases 6,106 Shares of The Toronto-Dominion Bank (NYSE:TD)

Cerity Partners LLC grew its position in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 39.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 21,710 shares of the bank’s stock after buying an additional 6,106 shares during the quarter. Cerity Partners LLC’s holdings in Toronto-Dominion Bank were worth $1,403,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of TD. Fairfield Bush & CO. purchased a new stake in shares of Toronto-Dominion Bank during the 1st quarter worth approximately $26,000. Fortis Capital Advisors LLC purchased a new stake in shares of Toronto-Dominion Bank during the 4th quarter worth approximately $26,000. PCA Investment Advisory Services Inc. purchased a new stake in shares of Toronto-Dominion Bank during the 2nd quarter worth approximately $26,000. Bray Capital Advisors increased its stake in shares of Toronto-Dominion Bank by 206.7% during the 3rd quarter. Bray Capital Advisors now owns 460 shares of the bank’s stock worth $28,000 after purchasing an additional 310 shares during the last quarter. Finally, Money Concepts Capital Corp increased its stake in shares of Toronto-Dominion Bank by 341.4% during the 4th quarter. Money Concepts Capital Corp now owns 640 shares of the bank’s stock worth $41,000 after purchasing an additional 495 shares during the last quarter. Institutional investors own 52.37% of the company’s stock.

Wall Street Analyst Weigh In

TD has been the subject of several research analyst reports. Jefferies Financial Group started coverage on shares of Toronto-Dominion Bank in a research note on Thursday, February 22nd. They set a “hold” rating for the company. Barclays started coverage on shares of Toronto-Dominion Bank in a research note on Wednesday, March 20th. They issued an “equal weight” rating for the company. Finally, Scotiabank upgraded shares of Toronto-Dominion Bank from a “sector perform” rating to a “sector outperform” rating in a research note on Wednesday. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $89.33.

Toronto-Dominion Bank Stock Up 1.5 %

Toronto-Dominion Bank stock opened at $58.09 on Friday. The Toronto-Dominion Bank has a 1-year low of $54.69 and a 1-year high of $66.15. The firm has a market capitalization of $102.42 billion, a price-to-earnings ratio of 12.41, a P/E/G ratio of 1.77 and a beta of 0.86. 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 50 day simple moving average of $59.37 and a 200 day simple moving average of $60.06.

Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last released its quarterly earnings results on Thursday, February 29th. The bank reported $1.47 EPS for the quarter, beating analysts’ consensus estimates of $1.42 by $0.05. The firm had revenue of $10.07 billion during the quarter, compared to analyst estimates of $9.35 billion. Toronto-Dominion Bank had a net margin of 11.16% and a return on equity of 14.15%. On average, 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. Stockholders of record on Tuesday, April 9th will be given a dividend of $0.7519 per share. This is a positive change from Toronto-Dominion Bank’s previous quarterly dividend of $0.75. This represents a $3.01 dividend on an annualized basis and a dividend yield of 5.18%. The ex-dividend date of this dividend is Monday, April 8th. Toronto-Dominion Bank’s payout ratio is 30.56%.

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.