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Old North State Wealth Management LLC Buys New Shares in Toronto Dominion Bank (The) (NYSE:TD)

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Old North State Wealth Management LLC purchased a new stake in shares of Toronto Dominion Bank (The) (NYSE:TD - Free Report) TSE: TD during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 3,993 shares of the bank's stock, valued at approximately $239,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Trust Co. of Vermont raised its holdings in Toronto Dominion Bank by 23.7% during the 1st quarter. Trust Co. of Vermont now owns 56,842 shares of the bank's stock valued at $3,407,000 after acquiring an additional 10,906 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its position in shares of Toronto Dominion Bank by 55.7% in the first quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 1,118 shares of the bank's stock valued at $69,000 after purchasing an additional 400 shares in the last quarter. PDS Planning Inc raised its stake in shares of Toronto Dominion Bank by 21.0% during the 1st quarter. PDS Planning Inc now owns 6,964 shares of the bank's stock valued at $417,000 after purchasing an additional 1,208 shares during the period. Sequoia Financial Advisors LLC lifted its holdings in Toronto Dominion Bank by 4.1% during the 1st quarter. Sequoia Financial Advisors LLC now owns 16,564 shares of the bank's stock worth $993,000 after purchasing an additional 654 shares in the last quarter. Finally, Value Partners Investments Inc. lifted its holdings in Toronto Dominion Bank by 531.9% during the 1st quarter. Value Partners Investments Inc. now owns 747,779 shares of the bank's stock worth $44,853,000 after purchasing an additional 629,442 shares in the last quarter. Institutional investors own 52.37% of the company's stock.

Toronto Dominion Bank Price Performance

NYSE:TD traded up $0.90 during trading hours on Monday, hitting $73.49. 1,255,787 shares of the company's stock traded hands, compared to its average volume of 2,171,448. Toronto Dominion Bank has a 52 week low of $51.25 and a 52 week high of $73.52. The business's fifty day simple moving average is $67.03 and its two-hundred day simple moving average is $60.76. 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 firm has a market cap of $126.44 billion, a P/E ratio of 10.78, a P/E/G ratio of 1.77 and a beta of 0.82.

Toronto Dominion Bank (NYSE:TD - Get Free Report) TSE: TD last issued 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 firm had revenue of $10.97 billion during the quarter, compared to the consensus estimate of $13.36 billion. During the same quarter last year, the company posted $2.04 EPS. On average, research analysts anticipate that Toronto Dominion Bank will post 5.48 earnings per share for the current fiscal year.

Toronto Dominion Bank Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Thursday, July 10th will be given a dividend of $0.7568 per share. The ex-dividend date of this dividend is Thursday, July 10th. This is a positive change from Toronto Dominion Bank's previous quarterly dividend of $0.73. This represents a $3.03 annualized dividend and a yield of 4.12%. Toronto Dominion Bank's payout ratio is presently 42.82%.

Analysts Set New Price Targets

A number of research firms have weighed in on TD. Royal Bank Of Canada lifted their target price on Toronto Dominion Bank from $87.00 to $93.00 and gave the company a "sector perform" rating in a report on Friday, May 23rd. Wall Street Zen upgraded shares of Toronto Dominion Bank from a "sell" rating to a "hold" rating in a research report on Saturday, May 24th. Finally, Scotiabank started coverage on shares of Toronto Dominion Bank in a research note on Thursday, May 15th. They set a "sector perform" rating for the company. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $93.00.

View Our Latest Analysis 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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Institutional Ownership by Quarter for Toronto Dominion Bank (NYSE:TD)

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