Calton & Associates Inc. Acquires New Stake in Toronto Dominion Bank (The) (NYSE:TD)

Calton & Associates Inc. purchased a new position 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 13F filing with the Securities and Exchange Commission. The institutional investor purchased 9,039 shares of the bank's stock, valued at approximately $542,000.

Other large investors also recently bought and sold shares of the company. Proficio Capital Partners LLC acquired a new position in shares of Toronto Dominion Bank during the 4th quarter worth about $581,000. Raymond James Financial Inc. acquired a new stake in Toronto Dominion Bank during the 4th quarter worth approximately $7,865,000. Commonwealth Equity Services LLC lifted its position in Toronto Dominion Bank by 0.6% during the 4th quarter. Commonwealth Equity Services LLC now owns 103,822 shares of the bank's stock worth $5,527,000 after acquiring an additional 608 shares during the period. Royal London Asset Management Ltd. lifted its position in Toronto Dominion Bank by 0.5% during the 4th quarter. Royal London Asset Management Ltd. now owns 417,319 shares of the bank's stock worth $22,218,000 after acquiring an additional 2,120 shares during the period. Finally, Lee Danner & Bass Inc. acquired a new stake in Toronto Dominion Bank during the 4th quarter worth approximately $27,000. Hedge funds and other institutional investors own 52.37% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Wall Street Zen raised Toronto Dominion Bank from a "sell" rating to a "hold" rating in a research note on Saturday, May 24th. 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 report on Friday, May 23rd. Finally, Scotiabank initiated coverage on Toronto Dominion Bank in a report on Thursday, May 15th. They issued a "sector perform" rating on the stock. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Toronto Dominion Bank has a consensus rating of "Hold" and a consensus price target of $93.00.

Toronto Dominion Bank Stock Down 0.6%

NYSE:TD opened at $73.54 on Friday. The firm has a market capitalization of $126.52 billion, a PE ratio of 10.78, a price-to-earnings-growth ratio of 1.66 and a beta of 0.83. The stock has a 50 day moving average of $70.38 and a 200-day moving average of $62.92. Toronto Dominion Bank has a 52 week low of $51.25 and a 52 week high of $75.12. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.09.

Toronto Dominion Bank (NYSE:TD - Get Free Report) TSE: TD last issued its quarterly earnings data on Thursday, May 22nd. The bank reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.25 by $0.14. The business 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 period in the previous year, the firm posted $2.04 earnings per share. Analysts predict that Toronto Dominion Bank will post 5.48 EPS for the current year.

Toronto Dominion Bank Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Thursday, July 10th will be given a $0.7568 dividend. This represents a $3.03 dividend on an annualized basis and a yield of 4.12%. This is an increase from Toronto Dominion Bank's previous quarterly dividend of $0.73. The ex-dividend date of this dividend is Thursday, July 10th. Toronto Dominion Bank's dividend payout ratio is 45.16%.

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.

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