PFG Investments LLC Invests $905,000 in The Toronto-Dominion Bank (NYSE:TD)

PFG Investments LLC acquired a new position in shares of The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 14,985 shares of the bank's stock, valued at approximately $905,000.

Several other hedge funds also recently modified their holdings of TD. Connecticut Wealth Management LLC increased its holdings in shares of Toronto-Dominion Bank by 10.1% in the third quarter. Connecticut Wealth Management LLC now owns 3,609 shares of the bank's stock valued at $217,000 after purchasing an additional 332 shares in the last quarter. Ballentine Partners LLC increased its holdings in shares of Toronto-Dominion Bank by 4.2% in the third quarter. Ballentine Partners LLC now owns 10,805 shares of the bank's stock valued at $651,000 after purchasing an additional 431 shares in the last quarter. Clarius Group LLC increased its holdings in shares of Toronto-Dominion Bank by 24.9% in the third quarter. Clarius Group LLC now owns 4,098 shares of the bank's stock valued at $247,000 after purchasing an additional 817 shares in the last quarter. Valeo Financial Advisors LLC increased its holdings in shares of Toronto-Dominion Bank by 6.8% in the third quarter. Valeo Financial Advisors LLC now owns 3,821 shares of the bank's stock valued at $230,000 after purchasing an additional 243 shares in the last quarter. Finally, PDS Planning Inc increased its holdings in shares of Toronto-Dominion Bank by 18.3% in the third quarter. PDS Planning Inc now owns 5,978 shares of the bank's stock valued at $360,000 after purchasing an additional 924 shares in the last quarter. Institutional investors and hedge funds own 52.37% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Barclays assumed coverage on shares of Toronto-Dominion Bank in a report on Wednesday, March 20th. They issued an "equal weight" rating for the company. Jefferies Financial Group began coverage on shares of Toronto-Dominion Bank in a report 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 report on Wednesday, April 17th. Five research 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 an average rating of "Hold" and a consensus price target of $89.33.

Toronto-Dominion Bank Trading Up 0.5 %

TD traded up $0.27 during trading on Friday, reaching $59.38. 2,542,598 shares of the company's stock were exchanged, compared to its average volume of 3,322,045. The company's fifty day moving average price is $59.35 and its 200-day moving average price is $60.08. 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 Toronto-Dominion Bank has a fifty-two week low of $54.69 and a fifty-two week high of $66.15. The firm has a market capitalization of $104.70 billion, a PE ratio of 12.69, a P/E/G ratio of 1.83 and a beta of 0.86.

Toronto-Dominion Bank (NYSE:TD - Get Free Report) TSE: TD last released its earnings results on Thursday, February 29th. The bank reported $1.47 EPS for the quarter, topping analysts' consensus estimates of $1.42 by $0.05. The firm had revenue of $10.07 billion during the quarter, compared to analyst estimates of $9.35 billion. Toronto-Dominion Bank had a net margin of 11.16% and a return on equity of 14.15%. As a group, equities analysts forecast that The Toronto-Dominion Bank will post 5.85 EPS for the current year.

Toronto-Dominion Bank Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 9th will be given a dividend of $0.7519 per share. This represents a $3.01 dividend on an annualized basis and a dividend yield of 5.07%. This is a boost 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 dividend payout ratio (DPR) is currently 30.56%.

Toronto-Dominion Bank Company 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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