Montrusco Bolton Investments Inc. Buys 71,201 Shares of Toronto Dominion Bank (The) (NYSE:TD)

Montrusco Bolton Investments Inc. raised its holdings in Toronto Dominion Bank (The) (NYSE:TD - Free Report) TSE: TD by 14.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 576,262 shares of the bank's stock after acquiring an additional 71,201 shares during the period. Montrusco Bolton Investments Inc.'s holdings in Toronto Dominion Bank were worth $34,526,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Larson Financial Group LLC grew its position 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 valued at $26,000 after purchasing an additional 236 shares during the last quarter. Lee Danner & Bass Inc. acquired a new position in shares of Toronto Dominion Bank in the fourth quarter valued at approximately $27,000. Financial Management Professionals Inc. grew its position 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 valued at $29,000 after purchasing an additional 374 shares during the last quarter. Moisand Fitzgerald Tamayo LLC acquired a new position in shares of Toronto Dominion Bank in the first quarter valued at approximately $32,000. Finally, CoreCap Advisors LLC grew its position 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 valued at $34,000 after purchasing an additional 230 shares during the last quarter. 52.37% of the stock is owned by institutional investors and hedge funds.

Toronto Dominion Bank Stock Performance

TD traded down $0.05 during trading on Thursday, hitting $73.96. The company's stock had a trading volume of 2,090,232 shares, compared to its average volume of 2,270,727. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.09. Toronto Dominion Bank has a one year low of $51.25 and a one year high of $75.12. The firm has a market cap of $127.24 billion, a PE ratio of 10.84, a P/E/G ratio of 1.67 and a beta of 0.83. The business's 50 day simple moving average is $69.96 and its 200-day simple moving average is $62.57.

Toronto Dominion Bank (NYSE:TD - Get Free Report) TSE: TD last announced its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $13.36 billion. Toronto Dominion Bank had a net margin of 13.53% and a return on equity of 13.11%. During the same period last year, the firm earned $2.04 EPS. As a group, sell-side analysts predict that Toronto Dominion Bank will post 5.48 EPS for the current fiscal year.

Toronto Dominion Bank Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Thursday, July 10th will be paid a dividend of $0.7568 per share. The ex-dividend date of this dividend is Thursday, July 10th. This is a boost from Toronto Dominion Bank's previous quarterly dividend of $0.73. This represents a $3.03 dividend on an annualized basis and a dividend yield of 4.09%. Toronto Dominion Bank's payout ratio is currently 45.31%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on TD. Wall Street Zen raised Toronto Dominion Bank from a "sell" rating to a "hold" rating in a research report on Saturday, May 24th. Royal Bank Of Canada lifted 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. Finally, Scotiabank started coverage on Toronto Dominion Bank in a research note on Thursday, May 15th. They set a "sector perform" rating for the company. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus 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.