Davis Rea LTD. Acquires 80,312 Shares of Toronto Dominion Bank (The) (NYSE:TD)

Davis Rea LTD. grew its stake in Toronto Dominion Bank (The) (NYSE:TD - Free Report) TSE: TD by 424.1% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 99,247 shares of the bank's stock after purchasing an additional 80,312 shares during the quarter. Toronto Dominion Bank comprises about 1.6% of Davis Rea LTD.'s holdings, making the stock its 20th biggest holding. Davis Rea LTD.'s holdings in Toronto Dominion Bank were worth $5,950,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Larson Financial Group LLC boosted its stake 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 purchasing an additional 236 shares during the period. Financial Management Professionals Inc. increased its stake in shares of Toronto Dominion Bank by 322.4% during the first quarter. Financial Management Professionals Inc. now owns 490 shares of the bank's stock worth $29,000 after buying an additional 374 shares during the period. Moisand Fitzgerald Tamayo LLC acquired a new stake in shares of Toronto Dominion Bank during the first quarter worth $32,000. CoreCap Advisors LLC grew its holdings in Toronto Dominion Bank by 57.5% in the 4th quarter. CoreCap Advisors LLC now owns 630 shares of the bank's stock valued at $34,000 after buying an additional 230 shares during the period. Finally, ORG Partners LLC bought a new stake in shares of Toronto Dominion Bank in the 1st quarter valued at approximately $34,000. 52.37% of the stock is owned by hedge funds and other institutional investors.

Toronto Dominion Bank Stock Up 0.0%

NYSE TD traded up $0.02 on Friday, hitting $74.88. 2,508,516 shares of the stock were exchanged, compared to its average volume of 1,997,299. The company has a 50-day moving average price of $71.46 and a 200-day moving average price of $63.58. Toronto Dominion Bank has a fifty-two week low of $51.25 and a fifty-two week high of $75.58. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.09. The company has a market cap of $128.83 billion, a PE ratio of 10.98, a PEG ratio of 1.69 and a beta of 0.83.

Toronto Dominion Bank (NYSE:TD - Get Free Report) TSE: TD last posted its earnings results on Thursday, May 22nd. The bank reported $1.39 earnings per share for the quarter, beating the consensus estimate of $1.25 by $0.14. Toronto Dominion Bank had a net margin of 13.53% and a return on equity of 13.11%. The firm had revenue of $10.97 billion during the quarter, compared to the consensus estimate of $13.36 billion. During the same period last year, the firm posted $2.04 EPS. Sell-side analysts anticipate that Toronto Dominion Bank will post 5.48 EPS for the current fiscal year.

Toronto Dominion Bank Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Thursday, July 10th will be issued a $0.7568 dividend. The ex-dividend date is Thursday, July 10th. This represents a $3.03 annualized dividend and a yield of 4.04%. This is an increase from Toronto Dominion Bank's previous quarterly dividend of $0.73. Toronto Dominion Bank's dividend payout ratio is presently 45.16%.

Analysts Set New Price Targets

TD has been the topic of a number of recent analyst reports. Scotiabank started coverage on Toronto Dominion Bank in a research note on Thursday, May 15th. They issued a "sector perform" rating on the stock. Royal Bank Of Canada boosted their target price on shares of 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, Wall Street Zen raised shares of Toronto Dominion Bank from a "sell" rating to a "hold" rating in a research note on Saturday, May 24th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, Toronto Dominion Bank currently has an average rating of "Hold" and an average price target of $93.00.

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.