Leavell Investment Management Inc. purchased a new stake in Toronto Dominion Bank (The) (NYSE:TD - Free Report) TSE: TD during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,455 shares of the bank's stock, valued at approximately $207,000.
Other institutional investors also recently modified their holdings of the company. Oppenheimer & Co. Inc. raised its stake in Toronto Dominion Bank by 144.6% during the 1st quarter. Oppenheimer & Co. Inc. now owns 11,532 shares of the bank's stock valued at $691,000 after purchasing an additional 6,818 shares during the period. Vanguard Group Inc. raised its stake in Toronto Dominion Bank by 1.9% during the 4th quarter. Vanguard Group Inc. now owns 74,118,551 shares of the bank's stock valued at $3,946,072,000 after purchasing an additional 1,415,934 shares during the period. JPMorgan Chase & Co. raised its stake in Toronto Dominion Bank by 3.4% during the 4th quarter. JPMorgan Chase & Co. now owns 7,213,418 shares of the bank's stock valued at $384,042,000 after purchasing an additional 236,037 shares during the period. Bank of New York Mellon Corp raised its stake in Toronto Dominion Bank by 7.0% during the 1st quarter. Bank of New York Mellon Corp now owns 1,606,446 shares of the bank's stock valued at $96,290,000 after purchasing an additional 104,864 shares during the period. Finally, Te Ahumairangi Investment Management Ltd raised its stake in Toronto Dominion Bank by 21.2% during the 4th quarter. Te Ahumairangi Investment Management Ltd now owns 63,581 shares of the bank's stock valued at $3,383,000 after purchasing an additional 11,100 shares during the period. Institutional investors own 52.37% of the company's stock.
Toronto Dominion Bank Stock Up 0.7%
Shares of Toronto Dominion Bank stock traded up $0.55 on Wednesday, hitting $74.00. 1,279,679 shares of the company traded hands, compared to its average volume of 2,278,210. The company has a 50-day moving average price of $69.74 and a 200 day moving average price of $62.49. 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 company has a market cap of $127.31 billion, a PE ratio of 10.85, a PEG ratio of 1.67 and a beta of 0.83.
Toronto Dominion Bank (NYSE:TD - Get Free Report) TSE: TD last posted its quarterly 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. Toronto Dominion Bank had a net margin of 13.53% and a return on equity of 13.11%. The business had revenue of $10.97 billion for the quarter, compared to analysts' expectations of $13.36 billion. During the same period in the previous year, the company posted $2.04 EPS. Sell-side analysts predict that Toronto Dominion Bank will post 5.48 earnings per share for the current year.
Toronto Dominion Bank Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Thursday, July 10th will be issued a dividend of $0.7568 per share. This is a boost from Toronto Dominion Bank's previous quarterly dividend of $0.73. This represents a $3.03 annualized dividend and a dividend yield of 4.09%. The ex-dividend date is Thursday, July 10th. Toronto Dominion Bank's payout ratio is currently 45.31%.
Analysts Set New Price Targets
TD has been the topic of several recent analyst reports. Scotiabank initiated coverage on shares of Toronto Dominion Bank in a research note on Thursday, May 15th. They set a "sector perform" rating on the stock. Royal Bank Of Canada boosted their target price on shares of Toronto Dominion Bank from $87.00 to $93.00 and gave the company a "sector perform" rating in a research note on Friday, May 23rd. Finally, Wall Street Zen raised shares of Toronto Dominion Bank from a "sell" rating to a "hold" rating in a research note on Saturday, May 24th. One analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $93.00.
Check Out Our Latest Report on TD
Toronto Dominion Bank Profile
(
Free Report)
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.
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