Leavell Investment Management Inc. Acquires Shares of 3,455 Toronto Dominion Bank (The) (NYSE:TD)

Leavell Investment Management Inc. purchased a new position in shares of Toronto Dominion Bank (The) (NYSE:TD - Free Report) TSE: TD during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 3,455 shares of the bank's stock, valued at approximately $207,000.

Several other institutional investors also recently modified their holdings of the business. Frank Rimerman Advisors LLC grew its stake in Toronto Dominion Bank by 3.2% during the fourth quarter. Frank Rimerman Advisors LLC now owns 5,446 shares of the bank's stock worth $290,000 after purchasing an additional 171 shares during the period. MFA Wealth Services raised its holdings in shares of Toronto Dominion Bank by 4.5% during the first quarter. MFA Wealth Services now owns 4,179 shares of the bank's stock valued at $250,000 after purchasing an additional 179 shares during the period. Hexagon Capital Partners LLC boosted its position in shares of Toronto Dominion Bank by 14.5% during the 1st quarter. Hexagon Capital Partners LLC now owns 1,500 shares of the bank's stock worth $90,000 after purchasing an additional 190 shares in the last quarter. JFS Wealth Advisors LLC grew its stake in shares of Toronto Dominion Bank by 6.0% in the 1st quarter. JFS Wealth Advisors LLC now owns 3,421 shares of the bank's stock valued at $205,000 after buying an additional 194 shares during the period. Finally, MassMutual Private Wealth & Trust FSB increased its position in Toronto Dominion Bank by 14.3% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,619 shares of the bank's stock valued at $97,000 after buying an additional 202 shares in the last quarter. Institutional investors own 52.37% of the company's stock.

Toronto Dominion Bank Stock Up 0.6%

TD traded up $0.44 during mid-day trading on Monday, reaching $74.04. 1,430,176 shares of the stock were exchanged, compared to its average volume of 2,192,701. The company has a 50 day moving average price of $69.34 and a two-hundred day moving average price of $62.27. The stock has a market capitalization of $127.37 billion, a PE ratio of 10.86, a price-to-earnings-growth ratio of 1.66 and a beta of 0.83. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.03 and a current ratio of 1.03. Toronto Dominion Bank has a 1 year low of $51.25 and a 1 year high of $75.12.

Toronto Dominion Bank (NYSE:TD - Get Free Report) TSE: TD last announced its quarterly earnings data on Thursday, May 22nd. The bank reported $1.39 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.25 by $0.14. The firm had revenue of $10.97 billion during the quarter, compared to the consensus estimate of $13.36 billion. Toronto Dominion Bank had a return on equity of 13.11% and a net margin of 13.53%. During the same quarter in the prior year, the company earned $2.04 EPS. As a group, research analysts anticipate that Toronto Dominion Bank will post 5.48 EPS for the current year.

Toronto Dominion Bank Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Thursday, July 10th will be paid a $0.7568 dividend. This represents a $3.03 dividend on an annualized basis and a yield of 4.09%. This is a boost from Toronto Dominion Bank's previous quarterly dividend of $0.73. The ex-dividend date is Thursday, July 10th. Toronto Dominion Bank's payout ratio is presently 45.31%.

Wall Street Analyst Weigh In

TD has been the topic of several recent research reports. Wall Street Zen upgraded Toronto Dominion Bank from a "sell" rating to a "hold" rating in a report on Saturday, May 24th. Royal Bank Of Canada lifted their price target on shares of Toronto Dominion Bank from $87.00 to $93.00 and gave the company a "sector perform" rating in a research report on Friday, May 23rd. Finally, Scotiabank started coverage on shares of Toronto Dominion Bank in a research report on Thursday, May 15th. They set a "sector perform" rating for the company. One investment analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $93.00.

Toronto Dominion Bank Company 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.