Brown Advisory Inc. Purchases 919 Shares of Toronto Dominion Bank (The) (NYSE:TD)

Brown Advisory Inc. grew its position in Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 13.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,560 shares of the bank’s stock after acquiring an additional 919 shares during the period. Brown Advisory Inc.’s holdings in Toronto Dominion Bank were worth $453,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of TD. Norges Bank acquired a new stake in shares of Toronto Dominion Bank during the 4th quarter worth about $992,204,000. FIL Ltd lifted its stake in shares of Toronto Dominion Bank by 17.3% during the 4th quarter. FIL Ltd now owns 38,989,749 shares of the bank’s stock worth $2,075,819,000 after buying an additional 5,756,584 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Toronto Dominion Bank by 32.2% during the 4th quarter. Geode Capital Management LLC now owns 10,526,821 shares of the bank’s stock worth $569,878,000 after buying an additional 2,564,648 shares during the last quarter. Mackenzie Financial Corp lifted its stake in shares of Toronto Dominion Bank by 5.6% during the 4th quarter. Mackenzie Financial Corp now owns 27,990,674 shares of the bank’s stock worth $1,488,233,000 after buying an additional 1,491,472 shares during the last quarter. Finally, Vanguard Group Inc. lifted its stake in shares of Toronto Dominion Bank by 1.9% during the 4th quarter. Vanguard Group Inc. now owns 74,118,551 shares of the bank’s stock worth $3,946,072,000 after buying an additional 1,415,934 shares during the last quarter. Institutional investors own 52.37% of the company’s stock.

Toronto Dominion Bank Price Performance

TD stock opened at $73.48 on Wednesday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.09. Toronto Dominion Bank has a 12 month low of $51.25 and a 12 month high of $75.12. The firm has a market cap of $126.42 billion, a P/E ratio of 10.77, a P/E/G ratio of 1.67 and a beta of 0.83. The company’s 50-day moving average price is $69.74 and its two-hundred day moving average price is $62.49.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last released its earnings results on Thursday, May 22nd. The bank reported $1.39 EPS for the quarter, beating the consensus estimate of $1.25 by $0.14. The firm had revenue of $10.97 billion for the quarter, compared to analyst estimates of $13.36 billion. Toronto Dominion Bank had a net margin of 13.53% and a return on equity of 13.11%. During the same period last year, the firm earned $2.04 EPS. On average, analysts anticipate that Toronto Dominion Bank will post 5.48 earnings per share for the current fiscal year.

Toronto Dominion Bank Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Thursday, July 10th will be issued a dividend of $0.7568 per share. The ex-dividend date of this dividend is Thursday, July 10th. This is a positive change from Toronto Dominion Bank’s previous quarterly dividend of $0.73. This represents a $3.03 annualized dividend and a dividend yield of 4.12%. Toronto Dominion Bank’s payout ratio is 45.31%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. Scotiabank assumed coverage on shares of Toronto Dominion Bank in a research note on Thursday, May 15th. They issued a “sector perform” rating for the company. Wall Street Zen upgraded shares of Toronto Dominion Bank from a “sell” rating to a “hold” rating in a research note on Saturday, May 24th. Finally, Royal Bank Of Canada lifted their price objective on shares of Toronto Dominion Bank from $87.00 to $93.00 and gave the stock a “sector perform” rating in a research note on Friday, May 23rd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, Toronto Dominion Bank presently has a consensus rating of “Hold” and a consensus price target of $93.00.

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.