1 North Wealth Services LLC Acquires New Holdings in Toronto-Dominion Bank (TD)

1 North Wealth Services LLC acquired a new position in shares of Toronto-Dominion Bank (NYSE:TD) (TSE:TD) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 22,230 shares of the bank’s stock, valued at approximately $1,105,000.

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in shares of Toronto-Dominion Bank by 2.7% in the third quarter. Vanguard Group Inc. now owns 47,982,817 shares of the bank’s stock valued at $2,917,356,000 after purchasing an additional 1,273,742 shares during the last quarter. Vanguard Group Inc grew its position in shares of Toronto-Dominion Bank by 2.7% in the third quarter. Vanguard Group Inc now owns 47,982,817 shares of the bank’s stock valued at $2,917,356,000 after purchasing an additional 1,273,742 shares during the last quarter. TD Asset Management Inc. grew its position in shares of Toronto-Dominion Bank by 2.4% in the fourth quarter. TD Asset Management Inc. now owns 47,697,757 shares of the bank’s stock valued at $2,369,902,000 after purchasing an additional 1,119,744 shares during the last quarter. FIL Ltd grew its position in shares of Toronto-Dominion Bank by 8.6% in the third quarter. FIL Ltd now owns 36,739,701 shares of the bank’s stock valued at $2,232,570,000 after purchasing an additional 2,900,086 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Toronto-Dominion Bank by 3.1% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 19,226,465 shares of the bank’s stock valued at $1,167,480,000 after purchasing an additional 576,340 shares during the last quarter. Institutional investors and hedge funds own 47.65% of the company’s stock.

TD stock opened at $56.46 on Thursday. Toronto-Dominion Bank has a twelve month low of $47.73 and a twelve month high of $62.00. The stock has a market cap of $103.08 billion, a P/E ratio of 11.22, a PEG ratio of 1.39 and a beta of 1.07. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.91 and a current ratio of 0.91.

Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last released its earnings results on Thursday, November 29th. The bank reported $1.63 earnings per share for the quarter, topping analysts’ consensus estimates of $1.23 by $0.40. Toronto-Dominion Bank had a return on equity of 16.78% and a net margin of 21.27%. The business had revenue of $10.12 billion for the quarter, compared to the consensus estimate of $9.31 billion. During the same period last year, the business earned $1.36 earnings per share. The firm’s revenue for the quarter was up 9.2% compared to the same quarter last year. On average, sell-side analysts predict that Toronto-Dominion Bank will post 5.28 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 31st. Shareholders of record on Thursday, January 10th were issued a dividend of $0.509 per share. This represents a $2.04 dividend on an annualized basis and a yield of 3.61%. The ex-dividend date of this dividend was Wednesday, January 9th. Toronto-Dominion Bank’s payout ratio is 39.17%.

A number of equities research analysts recently weighed in on the company. Zacks Investment Research downgraded Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a research report on Thursday, November 1st. ValuEngine downgraded Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a research report on Wednesday, November 7th. Barclays reissued a “hold” rating on shares of Toronto-Dominion Bank in a research report on Friday, November 16th. Canaccord Genuity reissued a “buy” rating on shares of Toronto-Dominion Bank in a research report on Thursday, November 22nd. Finally, TheStreet downgraded Toronto-Dominion Bank from a “b-” rating to a “c” rating in a research report on Thursday, November 29th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $60.00.

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Toronto-Dominion Bank Company Profile

The Toronto-Dominion Bank, together with its subsidiaries, provides various personal and commercial banking products and services in Canada and the United States. The company operates through three segments: Canadian Retail, U.S. Retail, and Wholesale Banking. It offers personal deposits, such as checking, savings, and investment products; financing, investment, cash management, international trade, and day-to-day banking services to businesses; financing options to customers at point of sale for automotive and recreational vehicle purchases through auto dealer network; credit cards; investing, advice-based, and asset management services to retail and institutional clients; and property and casualty insurance, as well as life and health insurance products.

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Institutional Ownership by Quarter for Toronto-Dominion Bank (NYSE:TD)

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