LVM Capital Management Ltd. MI Has $1.22 Million Position in The Toronto-Dominion Bank (NYSE:TD)

LVM Capital Management Ltd. MI cut its position in shares of The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD by 25.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,281 shares of the bank's stock after selling 6,900 shares during the period. LVM Capital Management Ltd. MI's holdings in Toronto-Dominion Bank were worth $1,216,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in TD. Lee Danner & Bass Inc. acquired a new position in Toronto-Dominion Bank in the fourth quarter valued at approximately $27,000. Bank of Jackson Hole Trust acquired a new position in Toronto-Dominion Bank in the 4th quarter valued at about $32,000. CoreCap Advisors LLC raised its stake 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 worth $34,000 after purchasing an additional 230 shares during the last quarter. Murphy & Mullick Capital Management Corp acquired a new stake in shares of Toronto-Dominion Bank in the 4th quarter worth $39,000. Finally, SBI Securities Co. Ltd. purchased a new stake in Toronto-Dominion Bank in the 4th quarter valued at approximately $51,000. 52.37% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

TD has been the topic of a number of research reports. 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. Jefferies Financial Group lowered shares of Toronto-Dominion Bank from a "buy" rating to a "hold" rating in a research report on Tuesday, February 18th. Scotiabank started coverage on Toronto-Dominion Bank in a research report on Thursday, May 15th. They set a "sector perform" rating for the company. Finally, Royal Bank of Canada upped their target price on Toronto-Dominion Bank from $87.00 to $93.00 and gave the company a "sector perform" rating in a research note on Friday, May 23rd. One analyst has rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $93.00.

Toronto-Dominion Bank Stock Up 1.0%

NYSE TD traded up $0.69 during trading hours on Tuesday, reaching $69.99. 1,838,075 shares of the company traded hands, compared to its average volume of 2,355,615. The stock has a market capitalization of $121.48 billion, a PE ratio of 20.17, a PEG ratio of 1.95 and a beta of 0.81. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.11. The Toronto-Dominion Bank has a 12 month low of $51.25 and a 12 month high of $69.99. The company has a 50 day moving average of $62.36 and a two-hundred day moving average of $58.66.

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 for the quarter, topping analysts' consensus estimates of $1.25 by $0.14. The business had revenue of $10.97 billion for the quarter, compared to analysts' expectations of $13.36 billion. Toronto-Dominion Bank had a return on equity of 13.96% and a net margin of 7.37%. During the same period in the prior year, the firm earned $2.04 EPS. As a group, equities analysts expect that The Toronto-Dominion Bank will post 5.48 earnings per share for the current year.

Toronto-Dominion Bank Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Thursday, July 10th will be given a dividend of $0.7568 per share. The ex-dividend date is Thursday, July 10th. This is a boost from Toronto-Dominion Bank's previous quarterly dividend of $0.73. This represents a $3.03 annualized dividend and a dividend yield of 4.33%. Toronto-Dominion Bank's dividend payout ratio (DPR) is 42.67%.

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.