Williams Financial LLC Makes New Investment in Toronto Dominion Bank (The) (NYSE:TD)

Williams Financial LLC purchased a new stake in shares of Toronto Dominion Bank (The) (NYSE:TD - Free Report) TSE: TD during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 3,796 shares of the bank's stock, valued at approximately $228,000. Toronto Dominion Bank accounts for about 0.2% of Williams Financial LLC's portfolio, making the stock its 14th biggest position.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Frank Rimerman Advisors LLC lifted its position in shares of Toronto Dominion Bank by 3.2% in the fourth quarter. Frank Rimerman Advisors LLC now owns 5,446 shares of the bank's stock worth $290,000 after buying an additional 171 shares in the last quarter. MFA Wealth Services boosted its position in shares of Toronto Dominion Bank by 4.5% during the 1st quarter. MFA Wealth Services now owns 4,179 shares of the bank's stock valued at $250,000 after acquiring an additional 179 shares during the last quarter. JFS Wealth Advisors LLC grew its holdings in shares of Toronto Dominion Bank by 6.0% in the first quarter. JFS Wealth Advisors LLC now owns 3,421 shares of the bank's stock valued at $205,000 after purchasing an additional 194 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its position in Toronto Dominion Bank by 14.3% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,619 shares of the bank's stock worth $97,000 after purchasing an additional 202 shares during the last quarter. Finally, CoreCap Advisors LLC raised its stake in Toronto Dominion Bank by 57.5% during 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.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on TD. 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. Royal Bank Of Canada increased their price target 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. Finally, Scotiabank initiated coverage on shares of Toronto Dominion Bank in a research report on Thursday, May 15th. They set a "sector perform" rating on the stock. One equities research 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, the company has an average rating of "Hold" and a consensus target price of $93.00.

Toronto Dominion Bank Price Performance

Toronto Dominion Bank stock opened at $71.80 on Wednesday. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.03 and a quick ratio of 1.03. The stock has a market cap of $123.52 billion, a price-to-earnings ratio of 10.53, a price-to-earnings-growth ratio of 1.75 and a beta of 0.82. The firm has a 50-day moving average of $66.31 and a two-hundred day moving average of $60.31. Toronto Dominion Bank has a 1 year low of $51.25 and a 1 year high of $72.11.

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. The firm 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 13.11% and a net margin of 13.53%. During the same quarter in the previous year, the business earned $2.04 earnings per share. On average, research analysts forecast that Toronto Dominion Bank will post 5.48 earnings per share for the current year.

Toronto Dominion Bank Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Thursday, July 10th will be paid a dividend of $0.7568 per share. The ex-dividend date of this dividend is Thursday, July 10th. This represents a $3.03 annualized dividend and a dividend yield of 4.22%. This is a positive change from Toronto Dominion Bank's previous quarterly dividend of $0.73. Toronto Dominion Bank's dividend payout ratio (DPR) is currently 42.82%.

Toronto Dominion Bank 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.

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