Davis R M Inc. increased its position in shares of Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 0.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,372 shares of the bank’s stock after buying an additional 88 shares during the period. Davis R M Inc.’s holdings in Toronto-Dominion Bank were worth $770,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. Pinnacle Bank purchased a new stake in shares of Toronto-Dominion Bank during the first quarter valued at approximately $110,000. Pacad Investment Ltd. purchased a new stake in shares of Toronto-Dominion Bank during the fourth quarter valued at approximately $113,000. Bessemer Group Inc. boosted its stake in shares of Toronto-Dominion Bank by 1.6% in the fourth quarter. Bessemer Group Inc. now owns 107,219 shares of the bank’s stock valued at $120,000 after buying an additional 1,640 shares during the last quarter. SRS Capital Advisors Inc. purchased a new stake in shares of Toronto-Dominion Bank during the fourth quarter valued at approximately $143,000. Finally, Dubuque Bank & Trust Co. purchased a new stake in shares of Toronto-Dominion Bank during the first quarter valued at approximately $172,000. 53.66% of the stock is currently owned by institutional investors.
Toronto-Dominion Bank (NYSE:TD) traded up 1.48% during trading on Friday, hitting $46.64. 1,180,695 shares of the stock traded hands. The company has a market capitalization of $86.58 billion, a P/E ratio of 13.18 and a beta of 0.97. The company’s 50 day moving average is $48.07 and its 200 day moving average is $49.31. Toronto-Dominion Bank has a one year low of $41.36 and a one year high of $54.44.
Toronto-Dominion Bank (NYSE:TD) last released its earnings results on Thursday, March 2nd. The bank reported $0.99 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.96 by $0.03. Toronto-Dominion Bank had a net margin of 21.61% and a return on equity of 18.23%. The company had revenue of $9.12 billion for the quarter, compared to the consensus estimate of $8.47 billion. During the same quarter in the previous year, the company earned $1.18 EPS. Toronto-Dominion Bank’s quarterly revenue was up 5.9% compared to the same quarter last year. On average, equities analysts forecast that Toronto-Dominion Bank will post $3.85 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Sunday, April 30th. Shareholders of record on Monday, April 10th were issued a dividend of $0.451 per share. This is an increase from Toronto-Dominion Bank’s previous quarterly dividend of $0.41. The ex-dividend date was Thursday, April 6th. This represents a $1.80 annualized dividend and a yield of 3.93%. Toronto-Dominion Bank’s dividend payout ratio is presently 46.07%.
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TD has been the topic of several recent research reports. Zacks Investment Research upgraded shares of Toronto-Dominion Bank from a “sell” rating to a “hold” rating in a research report on Thursday, May 11th. Royal Bank of Canada lowered shares of Toronto-Dominion Bank from an “outperform” rating to a “sector perform” rating and decreased their price target for the stock from $73.00 to $68.00 in a research report on Monday, March 13th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the stock. Toronto-Dominion Bank currently has an average rating of “Hold” and an average target price of $61.43.
About Toronto-Dominion Bank
Toronto-Dominion Bank (the Bank) is a Canada-based bank, which operates in the North America. It is an online financial services firm, with over 10.2 million online and mobile customers. Its segments include Canadian Retail, U.S. Retail, Wholesale Banking and Corporate. The Canadian Retail segment provides a range of financial products and services to customers in the Canadian personal and commercial banking businesses.
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