Retirement Planning Co of New England Inc. acquired a new stake in Toronto Dominion Bank (The) (NYSE:TD - Free Report) TSE: TD in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 7,848 shares of the bank's stock, valued at approximately $470,000.
Other hedge funds also recently made changes to their positions in the company. Norges Bank bought a new stake in shares of Toronto Dominion Bank during the 4th quarter valued at $992,204,000. FIL Ltd boosted its position in shares of Toronto Dominion Bank by 17.3% during the 4th quarter. FIL Ltd now owns 38,989,749 shares of the bank's stock valued at $2,075,819,000 after purchasing an additional 5,756,584 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Toronto Dominion Bank by 32.2% during the 4th quarter. Geode Capital Management LLC now owns 10,526,821 shares of the bank's stock valued at $569,878,000 after purchasing an additional 2,564,648 shares in the last quarter. Mackenzie Financial Corp raised its stake in Toronto Dominion Bank by 5.6% during the 4th quarter. Mackenzie Financial Corp now owns 27,990,674 shares of the bank's stock worth $1,488,233,000 after buying an additional 1,491,472 shares during the period. Finally, Vanguard Group Inc. raised its stake in Toronto Dominion Bank by 1.9% during the 4th quarter. Vanguard Group Inc. now owns 74,118,551 shares of the bank's stock worth $3,946,072,000 after buying an additional 1,415,934 shares during the period. 52.37% of the stock is owned by institutional investors and hedge funds.
Toronto Dominion Bank Trading Down 0.1%
Shares of TD stock opened at $73.96 on Friday. The firm has a market cap of $127.24 billion, a P/E ratio of 10.84, a price-to-earnings-growth ratio of 1.67 and a beta of 0.83. The business has a 50-day moving average price of $70.18 and a two-hundred day moving average price of $62.72. 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 12-month low of $51.25 and a 12-month high of $75.12.
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 (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 company had revenue of $10.97 billion for the quarter, compared to the consensus estimate of $13.36 billion. During the same quarter in the previous year, the business earned $2.04 EPS. Equities analysts anticipate that Toronto Dominion Bank will post 5.48 EPS for the current fiscal year.
Toronto Dominion Bank Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Thursday, July 10th will be issued a dividend of $0.7568 per share. This represents a $3.03 dividend on an annualized basis and a yield of 4.09%. The ex-dividend date of this dividend is Thursday, July 10th. This is an increase from Toronto Dominion Bank's previous quarterly dividend of $0.73. Toronto Dominion Bank's payout ratio is currently 45.31%.
Analysts Set New Price Targets
TD has been the topic of a number of recent research reports. Royal Bank Of Canada raised 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 raised Toronto Dominion Bank from a "sell" rating to a "hold" rating in a report on Saturday, May 24th. Finally, Scotiabank assumed coverage on Toronto Dominion Bank in a report on Thursday, May 15th. They issued a "sector perform" rating for the company. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $93.00.
View Our Latest Stock Analysis on Toronto Dominion Bank
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
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