Wealth Enhancement Advisory Services LLC raised its holdings in shares of The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD by 133.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,126 shares of the bank's stock after buying an additional 9,231 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in Toronto-Dominion Bank were worth $859,000 at the end of the most recent quarter.
Several other institutional investors have also added to or reduced their stakes in the business. Lee Danner & Bass Inc. purchased a new position in Toronto-Dominion Bank during the fourth quarter valued at approximately $27,000. Bank of Jackson Hole Trust purchased a new position in shares of Toronto-Dominion Bank in the fourth quarter worth $32,000. CoreCap Advisors LLC boosted its holdings in shares of Toronto-Dominion Bank by 57.5% during the 4th quarter. CoreCap Advisors LLC now owns 630 shares of the bank's stock valued at $34,000 after purchasing an additional 230 shares during the last quarter. Murphy & Mullick Capital Management Corp bought a new position in Toronto-Dominion Bank during the fourth quarter valued at approximately $39,000. Finally, SBI Securities Co. Ltd. bought a new stake in Toronto-Dominion Bank in the fourth quarter worth $51,000. 52.37% of the stock is currently owned by institutional investors.
Toronto-Dominion Bank Trading Down 0.4%
TD traded down $0.30 on Friday, reaching $70.48. 176,300 shares of the company traded hands, compared to its average volume of 2,335,907. The company has a market cap of $121.42 billion, a P/E ratio of 20.32, a price-to-earnings-growth ratio of 1.95 and a beta of 0.82. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.11. The Toronto-Dominion Bank has a one year low of $51.25 and a one year high of $70.82. The firm has a fifty day simple moving average of $64.15 and a two-hundred day simple moving average of $59.41.
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 net margin of 7.37% and a return on equity of 13.96%. The business had revenue of $10.97 billion for the quarter, compared to analyst estimates of $13.36 billion. During the same period last year, the company posted $2.04 earnings per share. As a group, equities research analysts expect that The Toronto-Dominion Bank will post 5.48 earnings per share for the current year.
Toronto-Dominion Bank Increases Dividend
The company 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 dividend on an annualized basis and a yield of 4.30%. Toronto-Dominion Bank's payout ratio is 44.72%.
Analyst Upgrades and Downgrades
A number of analysts recently issued reports on TD shares. Royal Bank of Canada raised their price target on Toronto-Dominion Bank from $87.00 to $93.00 and gave the stock a "sector perform" rating in a research report on Friday, May 23rd. Wall Street Zen upgraded shares of Toronto-Dominion Bank from a "sell" rating to a "hold" rating in a report on Saturday, May 24th. Scotiabank assumed coverage on shares of Toronto-Dominion Bank in a report on Thursday, May 15th. They set a "sector perform" rating on the stock. Finally, Jefferies Financial Group lowered shares of Toronto-Dominion Bank from a "buy" rating to a "hold" rating in a research report on Tuesday, February 18th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $93.00.
View Our Latest Report 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.
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