Stablepoint Partners LLC Purchases 3,961 Shares of The Toronto-Dominion Bank (NYSE:TD)

Stablepoint Partners LLC increased its stake in shares of The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD by 5.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 76,831 shares of the bank's stock after buying an additional 3,961 shares during the quarter. Stablepoint Partners LLC's holdings in Toronto-Dominion Bank were worth $4,605,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Lee Danner & Bass Inc. bought a new stake in shares of Toronto-Dominion Bank in the 4th quarter worth $27,000. Financial Management Professionals Inc. grew its position in Toronto-Dominion Bank by 322.4% in the 1st quarter. Financial Management Professionals Inc. now owns 490 shares of the bank's stock worth $29,000 after purchasing an additional 374 shares in the last quarter. Bank of Jackson Hole Trust bought a new position in shares of Toronto-Dominion Bank in the fourth quarter valued at approximately $32,000. 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 acquiring an additional 230 shares in the last quarter. Finally, Murphy & Mullick Capital Management Corp bought a new position in Toronto-Dominion Bank in the 4th quarter valued at $39,000. Institutional investors own 52.37% of the company's stock.

Toronto-Dominion Bank Stock Performance

Shares of Toronto-Dominion Bank stock traded down $0.32 during trading hours on Monday, reaching $70.08. The company had a trading volume of 1,397,420 shares, compared to its average volume of 2,346,251. The Toronto-Dominion Bank has a one year low of $51.25 and a one year high of $70.71. The business has a fifty day simple moving average of $63.15 and a 200 day simple moving average of $59.05. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.03 and a quick ratio of 1.03. The firm has a market cap of $120.72 billion, a PE ratio of 20.19, a price-to-earnings-growth ratio of 1.95 and a beta of 0.82.

Toronto-Dominion Bank (NYSE:TD - Get Free Report) TSE: TD last posted its quarterly earnings data on Thursday, May 22nd. The bank reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.25 by $0.14. The company had revenue of $10.97 billion during the quarter, compared to analyst estimates of $13.36 billion. Toronto-Dominion Bank had a return on equity of 13.96% and a net margin of 7.37%. During the same quarter last year, the company earned $2.04 earnings per share. On average, analysts anticipate that The 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 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 4.32%. Toronto-Dominion Bank's payout ratio is presently 44.72%.

Analyst Upgrades and Downgrades

TD has been the subject of a number of recent analyst reports. Royal Bank of Canada upped their price objective on 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. 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. Jefferies Financial Group downgraded shares of Toronto-Dominion Bank from a "buy" rating to a "hold" rating in a research report on Tuesday, February 18th. Finally, Scotiabank assumed coverage on Toronto-Dominion Bank in a report on Thursday, May 15th. They set a "sector perform" rating for the company. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat, Toronto-Dominion Bank has a consensus rating of "Hold" and an average target price of $93.00.

About Toronto-Dominion Bank

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.