Strs Ohio increased its position in shares of The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD by 16.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 208,940 shares of the bank's stock after purchasing an additional 30,000 shares during the period. Strs Ohio's holdings in Toronto-Dominion Bank were worth $13,566,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Fairfield Bush & CO. bought a new position in shares of Toronto-Dominion Bank in the first quarter valued at $26,000. Fortis Capital Advisors LLC bought a new position in shares of Toronto-Dominion Bank in the fourth quarter valued at $26,000. PCA Investment Advisory Services Inc. bought a new position in shares of Toronto-Dominion Bank in the second quarter valued at $26,000. Bray Capital Advisors increased its holdings in shares of Toronto-Dominion Bank by 206.7% in the third quarter. Bray Capital Advisors now owns 460 shares of the bank's stock valued at $28,000 after buying an additional 310 shares in the last quarter. Finally, Financial Management Professionals Inc. bought a new position in shares of Toronto-Dominion Bank in the third quarter valued at $31,000. Institutional investors own 52.37% of the company's stock.
Analyst Ratings Changes
Several equities analysts have weighed in on the stock. Barclays assumed coverage on shares of Toronto-Dominion Bank in a research report on Wednesday, March 20th. They set an "equal weight" rating on the stock. Jefferies Financial Group assumed coverage on shares of Toronto-Dominion Bank in a research report on Thursday, February 22nd. They set a "hold" rating on the stock. Finally, Scotiabank upgraded shares of Toronto-Dominion Bank from a "sector perform" rating to a "sector outperform" rating in a research report on Wednesday. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $89.33.
Check Out Our Latest Report on TD
Toronto-Dominion Bank Stock Up 1.2 %
Shares of Toronto-Dominion Bank stock traded up $0.70 on Wednesday, hitting $56.83. 2,417,572 shares of the company traded hands, compared to its average volume of 2,937,229. The company has a 50-day moving average price of $59.48 and a 200 day moving average price of $60.09. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.09. The Toronto-Dominion Bank has a 12-month low of $54.69 and a 12-month high of $66.15. The company has a market cap of $100.19 billion, a PE ratio of 12.13, a PEG ratio of 1.74 and a beta of 0.86.
Toronto-Dominion Bank (NYSE:TD - Get Free Report) TSE: TD last posted its quarterly earnings results on Thursday, February 29th. The bank reported $1.47 EPS for the quarter, beating the consensus estimate of $1.42 by $0.05. Toronto-Dominion Bank had a net margin of 11.16% and a return on equity of 14.15%. The business had revenue of $10.07 billion for the quarter, compared to analysts' expectations of $9.35 billion. Sell-side analysts predict that The Toronto-Dominion Bank will post 5.85 earnings per share for the current year.
Toronto-Dominion Bank Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, April 9th will be issued a $0.7519 dividend. The ex-dividend date is Monday, April 8th. This is a boost from Toronto-Dominion Bank's previous quarterly dividend of $0.75. This represents a $3.01 dividend on an annualized basis and a yield of 5.29%. Toronto-Dominion Bank's dividend payout ratio is currently 30.56%.
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.
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