Avanza Fonder AB Invests $518,000 in Toronto Dominion Bank (The) $TD

Avanza Fonder AB bought a new stake in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 5,495 shares of the bank’s stock, valued at approximately $518,000.

Several other hedge funds and other institutional investors also recently modified their holdings of TD. True Wealth Design LLC purchased a new stake in Toronto Dominion Bank in the third quarter worth about $27,000. Mather Group LLC. purchased a new position in shares of Toronto Dominion Bank in the 3rd quarter valued at approximately $30,000. Elevation Point Wealth Partners LLC bought a new stake in shares of Toronto Dominion Bank during the second quarter valued at approximately $32,000. Sachetta LLC bought a new stake in shares of Toronto Dominion Bank during the third quarter valued at approximately $33,000. Finally, Smartleaf Asset Management LLC grew its stake in Toronto Dominion Bank by 660.9% in the second quarter. Smartleaf Asset Management LLC now owns 525 shares of the bank’s stock worth $38,000 after purchasing an additional 456 shares during the period. Hedge funds and other institutional investors own 52.37% of the company’s stock.

Wall Street Analysts Forecast Growth

TD has been the subject of several research reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Toronto Dominion Bank in a research note on Wednesday, January 21st. Canadian Imperial Bank of Commerce lowered shares of Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 12th. National Bank Financial upgraded shares of Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a report on Thursday, December 18th. Wall Street Zen raised shares of Toronto Dominion Bank from a “sell” rating to a “hold” rating in a research note on Monday, March 2nd. Finally, Zacks Research raised Toronto Dominion Bank from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 18th. Two investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, Toronto Dominion Bank presently has a consensus rating of “Moderate Buy” and an average price target of $93.00.

Toronto Dominion Bank Price Performance

Shares of NYSE:TD opened at $94.30 on Thursday. The business has a fifty day moving average price of $95.42 and a 200-day moving average price of $88.26. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.05 and a quick ratio of 1.05. The company has a market capitalization of $157.61 billion, a PE ratio of 10.42, a PEG ratio of 1.06 and a beta of 0.66. Toronto Dominion Bank has a 1-year low of $54.87 and a 1-year high of $99.84.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last announced its quarterly earnings results on Thursday, February 26th. The bank reported $1.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.63 by $0.13. The company had revenue of $11.01 billion for the quarter, compared to analysts’ expectations of $10.43 billion. Toronto Dominion Bank had a net margin of 17.52% and a return on equity of 14.29%. Toronto Dominion Bank’s revenue was up 18.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.02 EPS. As a group, equities analysts expect that Toronto Dominion Bank will post 5.48 EPS for the current fiscal year.

Toronto Dominion Bank Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 30th. Investors of record on Thursday, April 9th will be given a dividend of $1.08 per share. The ex-dividend date of this dividend is Thursday, April 9th. This represents a $4.32 annualized dividend and a dividend yield of 4.6%. Toronto Dominion Bank’s dividend payout ratio (DPR) is 34.81%.

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.