45,816 Shares in The Toronto-Dominion Bank (NYSE:TD) Purchased by International Assets Investment Management LLC

International Assets Investment Management LLC purchased a new position in The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 45,816 shares of the bank's stock, valued at approximately $2,961,000.

Several other institutional investors have also made changes to their positions in TD. Fairfield Bush & CO. acquired a new stake in shares of Toronto-Dominion Bank during the 1st quarter valued at about $26,000. BlackRock Inc. boosted its position in shares of Toronto-Dominion Bank by 6.3% during the 1st quarter. BlackRock Inc. now owns 914,064 shares of the bank's stock valued at $72,595,000 after acquiring an additional 54,121 shares in the last quarter. U.S. Capital Wealth Advisors LLC acquired a new stake in shares of Toronto-Dominion Bank during the 1st quarter valued at about $200,000. Raymond James Trust N.A. boosted its position in shares of Toronto-Dominion Bank by 1.7% during the 1st quarter. Raymond James Trust N.A. now owns 9,868 shares of the bank's stock valued at $784,000 after acquiring an additional 161 shares in the last quarter. Finally, Cetera Investment Advisers boosted its position in Toronto-Dominion Bank by 21.8% in the first quarter. Cetera Investment Advisers now owns 12,022 shares of the bank's stock valued at $955,000 after buying an additional 2,154 shares in the last quarter. 52.37% of the stock is currently owned by institutional investors and hedge funds.

Toronto-Dominion Bank Price Performance

Shares of NYSE TD traded up $0.84 during trading on Friday, reaching $58.09. The company had a trading volume of 2,188,946 shares, compared to its average volume of 2,934,047. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.99 and a current ratio of 0.99. The stock has a market cap of $102.42 billion, a PE ratio of 12.34, a PEG ratio of 1.75 and a beta of 0.86. The business's 50 day moving average price is $59.39 and its 200-day moving average price is $60.05. The Toronto-Dominion Bank has a 52 week low of $54.69 and a 52 week high of $66.15.

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 earnings per share for the quarter, topping analysts' consensus estimates of $1.42 by $0.05. The business had revenue of $10.07 billion during the quarter, compared to the consensus estimate of $9.35 billion. Toronto-Dominion Bank had a net margin of 11.16% and a return on equity of 14.15%. Analysts expect 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 declared a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, April 9th will be paid a dividend of $0.7519 per share. This represents a $3.01 dividend on an annualized basis and a dividend yield of 5.18%. This is an increase from Toronto-Dominion Bank's previous quarterly dividend of $0.75. The ex-dividend date of this dividend is Monday, April 8th. Toronto-Dominion Bank's payout ratio is 30.56%.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Barclays initiated coverage on shares of Toronto-Dominion Bank in a research report on Wednesday, March 20th. They issued an "equal weight" rating on the stock. Jefferies Financial Group initiated coverage on shares of Toronto-Dominion Bank in a research note on Thursday, February 22nd. They issued a "hold" rating for the company. Finally, Scotiabank raised shares of Toronto-Dominion Bank from a "sector perform" rating to a "sector outperform" rating in a research note on Wednesday. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $89.33.

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.