Farther Finance Advisors LLC Boosts Stake in Toronto Dominion Bank (The) $TD

Farther Finance Advisors LLC lifted its stake in Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 181.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,492 shares of the bank’s stock after purchasing an additional 4,832 shares during the period. Farther Finance Advisors LLC’s holdings in Toronto Dominion Bank were worth $706,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of TD. True Wealth Design LLC purchased a new stake in shares of Toronto Dominion Bank in the 3rd quarter worth $27,000. Mather Group LLC. purchased a new stake in shares of Toronto Dominion Bank in the 3rd quarter worth $30,000. Sachetta LLC purchased a new stake in shares of Toronto Dominion Bank in the 3rd quarter worth $33,000. Smartleaf Asset Management LLC increased its stake in shares of Toronto Dominion Bank by 660.9% in the 2nd quarter. Smartleaf Asset Management LLC now owns 525 shares of the bank’s stock worth $38,000 after purchasing an additional 456 shares in the last quarter. Finally, Sound Income Strategies LLC increased its stake in shares of Toronto Dominion Bank by 80.6% in the 4th quarter. Sound Income Strategies LLC now owns 466 shares of the bank’s stock worth $44,000 after purchasing an additional 208 shares in the last quarter. 52.37% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

TD has been the subject of several analyst reports. Zacks Research upgraded Toronto Dominion Bank from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 18th. Weiss Ratings upgraded Toronto Dominion Bank from a “buy (b)” rating to a “buy (a-)” rating in a research note on Friday, March 27th. Canadian Imperial Bank of Commerce downgraded shares of Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 12th. Finally, Wall Street Zen raised shares of Toronto Dominion Bank from a “sell” rating to a “hold” rating in a report on Saturday. Three analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, Toronto Dominion Bank presently has an average rating of “Moderate Buy” and an average price target of $93.00.

Toronto Dominion Bank Trading Up 0.0%

Shares of Toronto Dominion Bank stock opened at $105.08 on Friday. The company has a market capitalization of $174.03 billion, a P/E ratio of 11.61, a P/E/G ratio of 1.20 and a beta of 0.65. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.05 and a current ratio of 1.05. The company has a fifty day moving average of $97.41 and a 200 day moving average of $91.43. Toronto Dominion Bank has a fifty-two week low of $61.88 and a fifty-two week high of $106.94.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last issued its earnings results on Thursday, February 26th. The bank reported $1.76 earnings per share for the quarter, topping the consensus estimate of $1.63 by $0.13. Toronto Dominion Bank had a net margin of 17.52% and a return on equity of 14.29%. The company had revenue of $11.01 billion during the quarter, compared to the consensus estimate of $10.43 billion. During the same quarter in the prior year, the firm posted $2.02 EPS. Toronto Dominion Bank’s quarterly revenue was up 18.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Toronto Dominion Bank will post 6.87 earnings per share for the current fiscal year.

Toronto Dominion Bank Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Thursday, April 9th will be issued a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend is Thursday, April 9th. Toronto Dominion Bank’s dividend payout ratio is 34.36%.

Toronto Dominion Bank 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.