Cerity Partners LLC grew its stake in Toronto Dominion Bank (The) (NYSE:TD - Free Report) TSE: TD by 195.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 68,408 shares of the bank's stock after buying an additional 45,222 shares during the period. Cerity Partners LLC's holdings in Toronto Dominion Bank were worth $4,100,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of TD. Lee Danner & Bass Inc. purchased a new position in Toronto Dominion Bank in the 4th quarter worth approximately $27,000. Financial Management Professionals Inc. lifted its holdings in shares of Toronto Dominion Bank by 322.4% in the 1st 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 last quarter. Moisand Fitzgerald Tamayo LLC bought a new stake in shares of Toronto Dominion Bank in the 1st quarter worth approximately $32,000. CoreCap Advisors LLC lifted its holdings in shares of Toronto Dominion Bank by 57.5% in the 4th quarter. CoreCap Advisors LLC now owns 630 shares of the bank's stock worth $34,000 after acquiring an additional 230 shares during the last quarter. Finally, ORG Partners LLC bought a new stake in shares of Toronto Dominion Bank in the 1st quarter worth approximately $34,000. Hedge funds and other institutional investors own 52.37% of the company's stock.
Toronto Dominion Bank Trading Down 0.6%
TD traded down $0.46 during trading on Friday, hitting $73.54. 1,630,101 shares of the stock traded hands, compared to its average volume of 2,268,174. The firm has a market capitalization of $126.52 billion, a P/E ratio of 10.78, a price-to-earnings-growth ratio of 1.67 and a beta of 0.83. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.03 and a quick ratio of 1.03. The firm has a 50-day moving average of $70.18 and a 200 day moving average of $62.72. Toronto Dominion Bank has a 12-month low of $51.25 and a 12-month high of $75.12.
Toronto Dominion Bank (NYSE:TD - Get Free Report) TSE: TD last announced its quarterly earnings results 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. Toronto Dominion Bank had a return on equity of 13.11% and a net margin of 13.53%. The company had revenue of $10.97 billion for the quarter, compared to the consensus estimate of $13.36 billion. During the same quarter in the previous year, the business earned $2.04 EPS. Equities research analysts anticipate that Toronto Dominion Bank will post 5.48 EPS for the current year.
Toronto Dominion Bank Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Thursday, July 10th will be issued a dividend of $0.7568 per share. This represents a $3.03 dividend on an annualized basis and a yield of 4.12%. The ex-dividend date is Thursday, July 10th. This is an increase from Toronto Dominion Bank's previous quarterly dividend of $0.73. Toronto Dominion Bank's payout ratio is currently 45.31%.
Analyst Ratings Changes
A number of brokerages have recently weighed in on TD. Scotiabank began coverage on shares of Toronto Dominion Bank in a report on Thursday, May 15th. They issued a "sector perform" rating for the company. Wall Street Zen upgraded shares of Toronto Dominion Bank from a "sell" rating to a "hold" rating in a report on Saturday, May 24th. Finally, Royal Bank Of Canada boosted their price objective on shares of Toronto Dominion Bank from $87.00 to $93.00 and gave the stock a "sector perform" rating in a report on Friday, May 23rd. One research analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $93.00.
View Our Latest Stock Report on Toronto Dominion Bank
About Toronto Dominion Bank
(
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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