AJOVista LLC Invests $1.18 Million in The Toronto-Dominion Bank (NYSE:TD)

AJOVista LLC purchased a new position in The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 18,200 shares of the bank's stock, valued at approximately $1,176,000. Toronto-Dominion Bank accounts for approximately 1.5% of AJOVista LLC's investment portfolio, making the stock its 11th largest holding.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Private Trust Co. NA lifted its holdings in Toronto-Dominion Bank by 10.6% during the fourth quarter. Private Trust Co. NA now owns 1,808 shares of the bank's stock worth $117,000 after buying an additional 174 shares during the period. Stratos Wealth Partners LTD. lifted its stake in shares of Toronto-Dominion Bank by 0.9% during the 4th quarter. Stratos Wealth Partners LTD. now owns 20,126 shares of the bank's stock worth $1,301,000 after purchasing an additional 174 shares during the last quarter. Cooper Financial Group boosted its position in Toronto-Dominion Bank by 2.4% during the fourth quarter. Cooper Financial Group now owns 8,120 shares of the bank's stock valued at $525,000 after purchasing an additional 188 shares in the last quarter. Costello Asset Management INC grew its stake in Toronto-Dominion Bank by 3.3% in the third quarter. Costello Asset Management INC now owns 6,325 shares of the bank's stock valued at $381,000 after purchasing an additional 200 shares during the last quarter. Finally, CENTRAL TRUST Co raised its holdings in Toronto-Dominion Bank by 1.3% in the third quarter. CENTRAL TRUST Co now owns 15,928 shares of the bank's stock worth $960,000 after purchasing an additional 207 shares in the last quarter. 52.37% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently weighed in on TD. Barclays began coverage on shares of Toronto-Dominion Bank in a report on Wednesday, March 20th. They issued an "equal weight" rating on the stock. Jefferies Financial Group assumed 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 Toronto-Dominion Bank from a "sector perform" rating to a "sector outperform" rating in a research 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. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $89.33.

Toronto-Dominion Bank Stock Performance

Shares of Toronto-Dominion Bank stock traded down $3.42 during midday trading on Friday, hitting $54.66. The company had a trading volume of 8,094,543 shares, compared to its average volume of 3,513,261. The company has a fifty day simple moving average of $59.16 and a 200 day simple moving average of $60.04. The stock has a market cap of $96.38 billion, a price-to-earnings ratio of 11.68, a PEG ratio of 1.70 and a beta of 0.85. 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 $54.12 and a 12-month high of $66.15.

Toronto-Dominion Bank (NYSE:TD - Get Free Report) TSE: TD last issued its quarterly earnings results on Thursday, February 29th. The bank reported $1.47 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 analyst estimates of $9.35 billion. As a group, analysts predict that The Toronto-Dominion Bank will post 5.77 earnings per share for the current fiscal year.

Toronto-Dominion Bank Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Tuesday, April 9th were paid a dividend of $0.7519 per share. This represents a $3.01 annualized dividend and a yield of 5.50%. The ex-dividend date was Monday, April 8th. This is an increase from Toronto-Dominion Bank's previous quarterly dividend of $0.75. Toronto-Dominion Bank's payout ratio is presently 30.56%.

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.