Retirement Planning Co of New England Inc. Invests $470,000 in Toronto Dominion Bank (The) (NYSE:TD)

Retirement Planning Co of New England Inc. bought a new position in shares of Toronto Dominion Bank (The) (NYSE:TD - Free Report) TSE: TD in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 7,848 shares of the bank's stock, valued at approximately $470,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. MFA Wealth Services lifted its position in shares of Toronto Dominion Bank by 4.5% in the first quarter. MFA Wealth Services now owns 4,179 shares of the bank's stock worth $250,000 after buying an additional 179 shares in the last quarter. Hexagon Capital Partners LLC increased its stake in Toronto Dominion Bank by 14.5% in the 1st quarter. Hexagon Capital Partners LLC now owns 1,500 shares of the bank's stock worth $90,000 after acquiring an additional 190 shares during the last quarter. JFS Wealth Advisors LLC raised its holdings in shares of Toronto Dominion Bank by 6.0% during the 1st quarter. JFS Wealth Advisors LLC now owns 3,421 shares of the bank's stock worth $205,000 after acquiring an additional 194 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its position in shares of Toronto Dominion Bank by 14.3% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,619 shares of the bank's stock valued at $97,000 after acquiring an additional 202 shares during the last quarter. Finally, CoreCap Advisors LLC grew its holdings 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 in the last quarter. Institutional investors own 52.37% of the company's stock.

Toronto Dominion Bank Stock Performance

NYSE TD traded up $0.78 during trading hours on Monday, reaching $74.36. The stock had a trading volume of 1,826,160 shares, compared to its average volume of 2,271,380. Toronto Dominion Bank has a 52-week low of $51.25 and a 52-week high of $75.12. The stock has a fifty day moving average of $70.38 and a 200 day moving average of $62.99. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.03 and a current ratio of 1.03. The stock has a market cap of $127.93 billion, a P/E ratio of 13.28, a price-to-earnings-growth ratio of 1.66 and a beta of 0.83.

Toronto Dominion Bank (NYSE:TD - Get Free Report) TSE: TD last issued its earnings results on Thursday, May 22nd. The bank reported $1.39 EPS for the quarter, topping 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 for the quarter, compared to the consensus estimate of $13.36 billion. During the same quarter in the prior year, the business earned $2.04 earnings per share. Sell-side analysts predict that Toronto Dominion Bank will post 5.48 earnings per share for the current 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 $0.7568 dividend. This is a boost from Toronto Dominion Bank's previous quarterly dividend of $0.73. The ex-dividend date is Thursday, July 10th. This represents a $3.03 dividend on an annualized basis and a yield of 4.07%. Toronto Dominion Bank's dividend payout ratio is presently 45.31%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Wall Street Zen upgraded Toronto Dominion Bank from a "sell" rating to a "hold" rating in a report on Saturday, May 24th. Royal Bank Of Canada boosted their target price on shares of 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. Finally, Scotiabank started coverage on shares of Toronto Dominion Bank in a research note on Thursday, May 15th. They issued a "sector perform" rating on the stock. One analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company. According to MarketBeat, Toronto Dominion Bank currently has a consensus rating of "Hold" and a consensus price target of $93.00.

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.