Masso Torrence Wealth Management Inc. bought a new stake in shares of Toronto Dominion Bank (The) (NYSE:TD - Free Report) TSE: TD in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 3,670 shares of the bank's stock, valued at approximately $220,000.
Other institutional investors have also recently modified their holdings of the company. Financial Management Professionals Inc. lifted its position in shares of Toronto Dominion Bank by 322.4% during the 1st quarter. Financial Management Professionals Inc. now owns 490 shares of the bank's stock valued at $29,000 after acquiring an additional 374 shares during the period. Lee Danner & Bass Inc. bought a new stake in shares of Toronto Dominion Bank during the 4th quarter worth $27,000. ORG Partners LLC bought a new stake in shares of Toronto Dominion Bank during the 1st quarter worth $34,000. CoreCap Advisors LLC lifted its position in shares of Toronto Dominion Bank by 57.5% during the 4th quarter. CoreCap Advisors LLC now owns 630 shares of the bank's stock worth $34,000 after buying an additional 230 shares during the last quarter. Finally, Murphy & Mullick Capital Management Corp bought a new stake in shares of Toronto Dominion Bank during the 4th quarter worth $39,000. 52.37% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
TD has been the subject of several recent analyst reports. Wall Street Zen upgraded Toronto Dominion Bank from a "sell" rating to a "hold" rating in a research report on Saturday, May 24th. Scotiabank initiated 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 price objective on Toronto Dominion Bank from $87.00 to $93.00 and gave the stock a "sector perform" rating in a research report on Friday, May 23rd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $93.00.
Check Out Our Latest Analysis on Toronto Dominion Bank
Toronto Dominion Bank Price Performance
Toronto Dominion Bank stock opened at $70.84 on Friday. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.09. The company has a market capitalization of $122.03 billion, a PE ratio of 10.39, a P/E/G ratio of 1.75 and a beta of 0.82. Toronto Dominion Bank has a 12 month low of $51.25 and a 12 month high of $71.65. The stock has a 50-day moving average price of $65.85 and a two-hundred day moving average price of $60.04.
Toronto Dominion Bank (NYSE:TD - Get Free Report) TSE: TD last posted its earnings results on Thursday, May 22nd. The bank reported $1.39 EPS for the quarter, beating the consensus estimate of $1.25 by $0.14. The firm 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 last year, the company earned $2.04 earnings per share. Analysts expect that Toronto Dominion Bank will post 5.48 EPS for the current year.
Toronto Dominion Bank Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Thursday, July 10th will be paid a $0.7568 dividend. This is a boost from Toronto Dominion Bank's previous quarterly dividend of $0.73. The ex-dividend date of this dividend is Thursday, July 10th. This represents a $3.03 annualized dividend and a dividend yield of 4.27%. Toronto Dominion Bank's dividend payout ratio is presently 42.82%.
Toronto Dominion Bank Profile
(
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.
See Also
Want to see what other hedge funds are holding TD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Toronto Dominion Bank (The) (NYSE:TD - Free Report) TSE: TD.
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