Aprio Wealth Management LLC Purchases Shares of 3,845 Toronto Dominion Bank (The) $TD

Key Points

• Aprio Wealth Management LLC has made a new investment in Toronto Dominion Bank by purchasing 3,845 shares valued at approximately $230,000 in the 1st quarter.
• Toronto Dominion Bank plans to pay a new quarterly dividend of $1.05 on October 31st, increasing from its previous dividend of $0.76, yielding an annualized rate of 5.6%.
• The bank's most recent earnings report showed an EPS of $1.91, surpassing analysts' estimates by $0.45, with revenue of $10.12 billion for the quarter.

Aprio Wealth Management LLC bought a new stake in shares of Toronto Dominion Bank (The) (NYSE:TD - Free Report) TSE: TD during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 3,845 shares of the bank's stock, valued at approximately $230,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in TD. Larson Financial Group LLC raised its position in shares of Toronto Dominion Bank by 122.9% during the first quarter. Larson Financial Group LLC now owns 428 shares of the bank's stock valued at $26,000 after buying an additional 236 shares during the last quarter. Financial Management Professionals Inc. increased its holdings in Toronto Dominion Bank by 322.4% in the 1st quarter. Financial Management Professionals Inc. now owns 490 shares of the bank's stock valued at $29,000 after acquiring an additional 374 shares during the last quarter. Moisand Fitzgerald Tamayo LLC bought a new position in shares of Toronto Dominion Bank during the 1st quarter valued at about $32,000. CoreCap Advisors LLC grew its position in shares of Toronto Dominion Bank by 57.5% during the fourth quarter. CoreCap Advisors LLC now owns 630 shares of the bank's stock valued at $34,000 after purchasing an additional 230 shares in the last quarter. Finally, ORG Partners LLC bought a new stake in shares of Toronto Dominion Bank in the first quarter worth about $34,000. 52.37% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on TD shares. Zacks Research lowered Toronto Dominion Bank from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 13th. Royal Bank Of Canada increased their target price on 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. Wall Street Zen upgraded shares of Toronto Dominion Bank from a "sell" rating to a "hold" rating in a research report on Saturday, May 24th. Desjardins raised shares of Toronto Dominion Bank from a "hold" rating to a "buy" rating in a research note on Wednesday, August 13th. Finally, Scotiabank initiated coverage on shares of Toronto Dominion Bank in a research note on Thursday, May 15th. They issued a "sector perform" rating for the company. Three research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Toronto Dominion Bank currently has a consensus rating of "Hold" and a consensus target price of $93.00.

Toronto Dominion Bank Trading Up 0.8%

Shares of NYSE TD traded up $0.63 during trading hours on Tuesday, reaching $75.35. The stock had a trading volume of 1,339,243 shares, compared to its average volume of 2,115,430. The business's fifty day moving average price is $74.07 and its two-hundred day moving average price is $67.21. The firm has a market cap of $128.71 billion, a price-to-earnings ratio of 8.80, a P/E/G ratio of 1.61 and a beta of 0.81. Toronto Dominion Bank has a 52-week low of $51.25 and a 52-week high of $78.95. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.09.

Toronto Dominion Bank (NYSE:TD - Get Free Report) TSE: TD last issued its earnings results on Thursday, August 28th. The bank reported $1.91 earnings per share for the quarter, beating analysts' consensus estimates of $1.46 by $0.45. Toronto Dominion Bank had a return on equity of 13.59% and a net margin of 16.40%.The business had revenue of $10.12 billion during the quarter, compared to analyst estimates of $13.73 billion. During the same period in the previous year, the company posted $2.05 EPS. Toronto Dominion Bank's revenue was up 7.9% on a year-over-year basis. Analysts expect that Toronto Dominion Bank will post 5.48 EPS for the current fiscal year.

Toronto Dominion Bank Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Friday, October 10th will be given a dividend of $1.05 per share. This is a positive change from Toronto Dominion Bank's previous quarterly dividend of $0.76. The ex-dividend date of this dividend is Friday, October 10th. This represents a $4.20 dividend on an annualized basis and a yield of 5.6%. Toronto Dominion Bank's payout ratio is 36.10%.

About Toronto Dominion Bank

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.