Williams Financial LLC Purchases New Position in Toronto Dominion Bank (The) (NYSE:TD)

Williams Financial LLC bought a new stake in shares of Toronto Dominion Bank (The) (NYSE:TD - Free Report) TSE: TD during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 3,796 shares of the bank's stock, valued at approximately $228,000. Toronto Dominion Bank makes up approximately 0.2% of Williams Financial LLC's holdings, making the stock its 14th largest holding.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TD. Financial Management Professionals Inc. lifted its stake in shares of Toronto Dominion Bank by 322.4% during the first quarter. Financial Management Professionals Inc. now owns 490 shares of the bank's stock worth $29,000 after buying an additional 374 shares during the period. Lee Danner & Bass Inc. purchased a new position in Toronto Dominion Bank in the 4th quarter worth $27,000. Moisand Fitzgerald Tamayo LLC purchased a new position in Toronto Dominion Bank in the 1st quarter worth $32,000. ORG Partners LLC acquired a new stake in Toronto Dominion Bank during the 1st quarter worth about $34,000. Finally, CoreCap Advisors LLC grew its stake in 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. 52.37% of the stock is currently owned by hedge funds and other institutional investors.

Toronto Dominion Bank Stock Performance

Shares of TD traded down $0.29 during mid-day trading on Friday, reaching $72.57. The company had a trading volume of 4,219,067 shares, compared to its average volume of 2,325,454. The stock has a market capitalization of $124.85 billion, a P/E ratio of 10.64, a PEG ratio of 1.78 and a beta of 0.82. Toronto Dominion Bank has a 52-week low of $51.25 and a 52-week high of $73.06. The stock has a 50 day moving average of $67.03 and a two-hundred day moving average of $60.66. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.09.

Toronto Dominion Bank (NYSE:TD - Get Free Report) TSE: TD last released its quarterly earnings data on Thursday, May 22nd. The bank reported $1.39 EPS for the quarter, topping the consensus estimate of $1.25 by $0.14. The business had revenue of $10.97 billion for 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 prior year, the firm posted $2.04 EPS. On average, analysts expect 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. Investors of record on Thursday, July 10th will be issued a dividend of $0.7568 per share. The ex-dividend date is Thursday, July 10th. This is an increase 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 4.17%. Toronto Dominion Bank's dividend payout ratio is 42.82%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Royal Bank Of Canada raised their price objective on Toronto Dominion Bank from $87.00 to $93.00 and gave the stock a "sector perform" rating in a research note on Friday, May 23rd. Wall Street Zen raised shares of Toronto Dominion Bank from a "sell" rating to a "hold" rating in a research report on Saturday, May 24th. Finally, Scotiabank initiated coverage on shares of Toronto Dominion Bank in a report on Thursday, May 15th. They issued a "sector perform" rating on the stock. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target 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.