AGF Management Ltd. boosted its stake in The Toronto-Dominion Bank (NYSE:TD - Free Report) TSE: TD by 94.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 3,834,471 shares of the bank's stock after acquiring an additional 1,866,399 shares during the quarter. Toronto-Dominion Bank accounts for about 1.6% of AGF Management Ltd.'s portfolio, making the stock its 9th biggest holding. AGF Management Ltd. owned 0.22% of Toronto-Dominion Bank worth $273,263,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in TD. Private Trust Co. NA lifted its position in shares of Toronto-Dominion Bank by 10.6% in the fourth quarter. Private Trust Co. NA now owns 1,808 shares of the bank's stock valued at $117,000 after acquiring an additional 174 shares in the last quarter. Stratos Wealth Partners LTD. grew its holdings in shares of Toronto-Dominion Bank by 0.9% during the fourth quarter. Stratos Wealth Partners LTD. now owns 20,126 shares of the bank's stock worth $1,301,000 after buying an additional 174 shares in the last quarter. Cooper Financial Group raised its position in shares of Toronto-Dominion Bank by 2.4% in the fourth quarter. Cooper Financial Group now owns 8,120 shares of the bank's stock valued at $525,000 after buying an additional 188 shares during the last quarter. Costello Asset Management INC lifted its stake in shares of Toronto-Dominion Bank by 3.3% in the third quarter. Costello Asset Management INC now owns 6,325 shares of the bank's stock worth $381,000 after buying an additional 200 shares in the last quarter. Finally, CENTRAL TRUST Co lifted its stake in shares of 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 buying an additional 207 shares in the last quarter. Hedge funds and other institutional investors own 52.37% of the company's stock.
Wall Street Analyst Weigh In
Several analysts recently issued reports on TD shares. Jefferies Financial Group began coverage on shares of Toronto-Dominion Bank in a research note on Thursday, February 22nd. They set a "hold" rating for the company. Barclays initiated coverage on Toronto-Dominion Bank in a report on Wednesday, March 20th. They issued an "equal weight" rating for the company. Finally, Scotiabank raised Toronto-Dominion Bank from a "sector perform" rating to a "sector outperform" rating in a research note on Wednesday, April 17th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Toronto-Dominion Bank currently has an average rating of "Hold" and a consensus target price of $89.33.
Read Our Latest Stock Analysis on TD
Toronto-Dominion Bank Trading Up 0.9 %
Shares of Toronto-Dominion Bank stock traded up $0.49 during mid-day trading on Friday, hitting $56.62. The stock had a trading volume of 3,927,323 shares, compared to its average volume of 3,484,211. The firm has a 50-day moving average of $58.76 and a two-hundred day moving average of $59.97. The firm has a market cap of $99.63 billion, a P/E ratio of 12.10, a price-to-earnings-growth ratio of 1.78 and a beta of 0.84. 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 released 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 analysts' expectations of $9.35 billion. Toronto-Dominion Bank had a return on equity of 14.15% and a net margin of 11.16%. Sell-side analysts forecast that The Toronto-Dominion Bank will post 5.76 earnings per share for the current year.
Toronto-Dominion Bank Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 9th were paid a $0.7519 dividend. This represents a $3.01 dividend on an annualized basis and a dividend yield of 5.31%. This is an increase from Toronto-Dominion Bank's previous quarterly dividend of $0.75. The ex-dividend date was Monday, April 8th. Toronto-Dominion Bank's payout ratio is 64.53%.
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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