Avalon Trust Co Acquires New Stake in Toronto Dominion Bank (The) $TD

Avalon Trust Co bought a new position in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 10,000 shares of the bank’s stock, valued at approximately $800,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. True Wealth Design LLC acquired a new position in shares of Toronto Dominion Bank during the 3rd quarter valued at $27,000. Mather Group LLC. acquired a new position in Toronto Dominion Bank during the third quarter worth about $30,000. Quaker Wealth Management LLC raised its position in Toronto Dominion Bank by 200.0% in the second quarter. Quaker Wealth Management LLC now owns 428 shares of the bank’s stock worth $31,000 after acquiring an additional 856 shares in the last quarter. Elevation Point Wealth Partners LLC acquired a new stake in Toronto Dominion Bank in the 2nd quarter valued at about $32,000. Finally, Sachetta LLC acquired a new stake in Toronto Dominion Bank in the 3rd quarter valued at about $33,000. 52.37% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

TD has been the topic of several recent research reports. Raymond James Financial raised shares of Toronto Dominion Bank to a “hold” rating in a research note on Monday, November 24th. Wall Street Zen lowered shares of Toronto Dominion Bank from a “hold” rating to a “sell” rating in a research report on Sunday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Toronto Dominion Bank in a report on Wednesday, January 21st. National Bank Financial raised Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a research note on Thursday, December 18th. Finally, Canadian Imperial Bank of Commerce cut Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 12th. Two research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $93.00.

Toronto Dominion Bank Stock Up 1.2%

Shares of NYSE:TD opened at $96.99 on Monday. The firm has a 50 day simple moving average of $94.61 and a 200 day simple moving average of $84.89. Toronto Dominion Bank has a 52 week low of $54.87 and a 52 week high of $99.04. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.03 and a current ratio of 1.03. The company has a market cap of $162.09 billion, a PE ratio of 11.50, a price-to-earnings-growth ratio of 1.29 and a beta of 0.67.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last announced its earnings results on Thursday, December 4th. The bank reported $1.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.46 by $0.10. The company had revenue of $11.44 billion for the quarter, compared to the consensus estimate of $10.10 billion. Toronto Dominion Bank had a net margin of 16.52% and a return on equity of 13.90%. The company’s revenue was down .1% on a year-over-year basis. During the same period in the previous year, the business earned $1.72 EPS. As a group, research analysts expect that Toronto Dominion Bank will post 5.48 earnings per share for the current year.

Toronto Dominion Bank Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Saturday, January 31st. Investors of record on Friday, January 9th were given a dividend of $1.08 per share. The ex-dividend date of this dividend was Friday, January 9th. This is a positive change from Toronto Dominion Bank’s previous quarterly dividend of $1.05. This represents a $4.32 annualized dividend and a yield of 4.5%. Toronto Dominion Bank’s payout ratio is presently 37.37%.

Toronto Dominion Bank Company Profile

Toronto-Dominion Bank (TD) is a Canadian multinational banking and financial services company headquartered in Toronto, Ontario. Formed through the 1955 merger of the Bank of Toronto (founded 1855) and the Dominion Bank (founded 1869), TD is one of Canada’s largest banks and offers a broad range of financial products and services to individual, small business, commercial and institutional clients.

TD’s core businesses include Canadian and U.S. personal and commercial banking, wealth management, wholesale banking and insurance.