IFG Advisory LLC boosted its stake in shares of Toronto Dominion Bank (The) (NYSE:TD - Free Report) TSE: TD by 165.0% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 23,752 shares of the bank's stock after purchasing an additional 14,790 shares during the period. IFG Advisory LLC's holdings in Toronto Dominion Bank were worth $1,424,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. World Investment Advisors grew its position in shares of Toronto Dominion Bank by 7.9% during the 4th quarter. World Investment Advisors now owns 4,526 shares of the bank's stock valued at $241,000 after acquiring an additional 331 shares during the period. Aviva PLC grew its position in shares of Toronto Dominion Bank by 11.4% during the 4th quarter. Aviva PLC now owns 1,053,329 shares of the bank's stock valued at $55,967,000 after acquiring an additional 108,136 shares during the period. Grantham Mayo Van Otterloo & Co. LLC grew its position in shares of Toronto Dominion Bank by 1.1% during the 4th quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 591,470 shares of the bank's stock valued at $31,474,000 after acquiring an additional 6,312 shares during the period. Quadrant Capital Group LLC grew its position in shares of Toronto Dominion Bank by 12.9% during the 4th quarter. Quadrant Capital Group LLC now owns 2,691 shares of the bank's stock valued at $143,000 after acquiring an additional 307 shares during the period. Finally, Invesco Ltd. grew its position in shares of Toronto Dominion Bank by 6.8% during the 4th quarter. Invesco Ltd. now owns 4,694,139 shares of the bank's stock valued at $249,916,000 after acquiring an additional 299,689 shares during the period. 52.37% of the stock is owned by institutional investors and hedge funds.
Toronto Dominion Bank Price Performance
Shares of Toronto Dominion Bank stock opened at $72.50 on Monday. The business has a 50 day simple moving average of $72.22 and a two-hundred day simple moving average of $64.36. Toronto Dominion Bank has a 12 month low of $51.25 and a 12 month high of $75.58. The stock has a market capitalization of $124.35 billion, a P/E ratio of 10.63, a PEG ratio of 1.64 and a beta of 0.84. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.03 and a quick ratio of 1.03.
Toronto Dominion Bank (NYSE:TD - Get Free Report) TSE: TD last announced its earnings results on Thursday, May 22nd. The bank reported $1.39 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 business had revenue of $10.97 billion during the quarter, compared to analysts' expectations of $13.36 billion. During the same quarter in the prior year, the firm earned $2.04 earnings per share. As a group, analysts predict that Toronto Dominion Bank will post 5.48 EPS for the current fiscal year.
Toronto Dominion Bank Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Thursday, July 10th were paid a $0.7568 dividend. This is a positive change from Toronto Dominion Bank's previous quarterly dividend of $0.73. The ex-dividend date of this dividend was Thursday, July 10th. This represents a $3.03 dividend on an annualized basis and a yield of 4.2%. Toronto Dominion Bank's dividend payout ratio is 45.31%.
Analyst Upgrades and Downgrades
TD has been the topic of a number of analyst reports. Wall Street Zen upgraded Toronto Dominion Bank from a "sell" rating to a "hold" rating in a research report on Saturday, May 24th. 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 research report 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 equities research 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's stock. According to data from MarketBeat.com, Toronto Dominion Bank has a consensus rating of "Hold" and an average price target of $93.00.
Check Out Our Latest Stock Analysis on TD
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.
Further Reading
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