3,375 Shares in Toronto Dominion Bank (The) $TD Purchased by Calton & Associates Inc.

Key Points

• Calton & Associates Inc. has acquired 3,375 shares of Toronto Dominion Bank, valued at approximately $202,000, during the first quarter.
• Toronto Dominion Bank is experiencing analyst upgrades, with three analysts rating it as a Buy while the consensus rating remains at "Hold" with an average target price of $93.00.
• The bank announced a dividend increase to $1.05 per share, reflecting a new annualized yield of 5.6%, to be paid out on October 31st.

Calton & Associates Inc. bought a new position in Toronto Dominion Bank (The) (NYSE:TD - Free Report) TSE: TD in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 3,375 shares of the bank's stock, valued at approximately $202,000.

A number of other institutional investors and hedge funds have also modified their holdings of TD. Larson Financial Group LLC grew its holdings in shares of Toronto Dominion Bank by 122.9% in the first quarter. Larson Financial Group LLC now owns 428 shares of the bank's stock worth $26,000 after acquiring an additional 236 shares during the period. Financial Management Professionals Inc. grew its holdings in shares of Toronto Dominion Bank by 322.4% in the first quarter. Financial Management Professionals Inc. now owns 490 shares of the bank's stock worth $29,000 after acquiring an additional 374 shares during the period. Moisand Fitzgerald Tamayo LLC bought a new stake in shares of Toronto Dominion Bank in the first quarter worth $32,000. ORG Partners LLC bought a new stake in shares of Toronto Dominion Bank in the first quarter worth $34,000. Finally, CoreCap Advisors LLC grew its holdings in shares of Toronto Dominion Bank by 57.5% in the fourth quarter. CoreCap Advisors LLC now owns 630 shares of the bank's stock worth $34,000 after acquiring an additional 230 shares during the period. Institutional investors own 52.37% of the company's stock.

Analyst Ratings Changes

Several brokerages recently commented on TD. Wall Street Zen raised Toronto Dominion Bank from a "sell" rating to a "hold" rating in a report on Saturday, May 24th. Zacks Research lowered Toronto Dominion Bank from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 13th. Desjardins raised Toronto Dominion Bank from a "hold" rating to a "buy" rating in a report on Wednesday, August 13th. Scotiabank started coverage on Toronto Dominion Bank in a report on Thursday, May 15th. They set a "sector perform" rating for the company. Finally, Royal Bank Of Canada boosted their price target 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. Three research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $93.00.

Toronto Dominion Bank Price Performance

Shares of Toronto Dominion Bank stock traded down $0.26 during trading hours on Friday, hitting $74.45. The company's stock had a trading volume of 1,545,987 shares, compared to its average volume of 1,841,992. The business has a 50 day moving average price of $74.05 and a two-hundred day moving average price of $67.01. Toronto Dominion Bank has a 12-month low of $51.25 and a 12-month high of $78.95. The company has a market cap of $127.17 billion, a PE ratio of 8.70, a PEG ratio of 1.62 and a beta of 0.81. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.02 and a current ratio of 1.02.

Toronto Dominion Bank (NYSE:TD - Get Free Report) TSE: TD last announced its quarterly earnings data on Thursday, August 28th. The bank reported $1.91 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $13.73 billion. During the same period in the previous year, the business earned $2.05 earnings per share. The business's revenue was up 7.9% on a year-over-year basis. Analysts expect that Toronto Dominion Bank will post 5.48 earnings per share for the current fiscal year.

Toronto Dominion Bank Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Friday, October 10th will be given a $1.05 dividend. The ex-dividend date is Friday, October 10th. This is a positive change from Toronto Dominion Bank's previous quarterly dividend of $0.76. This represents a $4.20 annualized dividend and a dividend yield of 5.6%. Toronto Dominion Bank's dividend payout ratio (DPR) is presently 36.10%.

Toronto Dominion Bank 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.