9,982 Shares in Toronto Dominion Bank (The) $TD Purchased by Warner Group LLC

Warner Group LLC bought a new position in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) in the fourth quarter, Holdings Channel reports. The institutional investor bought 9,982 shares of the bank’s stock, valued at approximately $940,000.

A number of other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Toronto Dominion Bank by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 77,252,688 shares of the bank’s stock worth $7,280,911,000 after purchasing an additional 765,107 shares in the last quarter. TD Asset Management Inc grew its holdings in Toronto Dominion Bank by 0.7% during the 3rd quarter. TD Asset Management Inc now owns 37,612,007 shares of the bank’s stock worth $3,008,096,000 after acquiring an additional 246,999 shares during the last quarter. Canerector Inc. grew its holdings in Toronto Dominion Bank by 11,028.0% during the 3rd quarter. Canerector Inc. now owns 22,256,000 shares of the bank’s stock worth $1,779,367,000 after acquiring an additional 22,056,000 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in Toronto Dominion Bank by 25.9% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 15,210,762 shares of the bank’s stock worth $1,432,854,000 after acquiring an additional 3,129,457 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. grew its holdings in Toronto Dominion Bank by 3.2% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 10,113,286 shares of the bank’s stock worth $808,477,000 after acquiring an additional 316,901 shares during the last quarter. Institutional investors and hedge funds own 52.37% of the company’s stock.

Toronto Dominion Bank Trading Up 0.7%

Shares of Toronto Dominion Bank stock opened at $108.40 on Tuesday. The firm has a 50-day moving average of $100.27 and a 200-day moving average of $94.24. The stock has a market cap of $179.52 billion, a PE ratio of 11.98, a PEG ratio of 1.22 and a beta of 0.71. Toronto Dominion Bank has a 52-week low of $64.12 and a 52-week high of $109.22. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.05 and a current ratio of 1.05.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last announced its earnings results on Thursday, February 26th. The bank reported $1.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.63 by $0.13. The company had revenue of $11.01 billion during the quarter, compared to analysts’ expectations of $10.43 billion. Toronto Dominion Bank had a net margin of 17.52% and a return on equity of 14.29%. Toronto Dominion Bank’s quarterly revenue was up 18.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.02 earnings per share. As a group, sell-side analysts forecast that Toronto Dominion Bank will post 6.91 EPS for the current year.

Toronto Dominion Bank Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 30th. Stockholders of record on Thursday, April 9th were given a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend was Thursday, April 9th. Toronto Dominion Bank’s payout ratio is presently 34.36%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on TD. Scotiabank raised shares of Toronto Dominion Bank from a “sector perform” rating to a “sector outperform” rating in a report on Monday, May 4th. Wall Street Zen raised shares of Toronto Dominion Bank from a “sell” rating to a “hold” rating in a report on Saturday, April 25th. Zacks Research lowered shares of Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Raymond James Financial raised shares of Toronto Dominion Bank from a “market perform” rating to an “outperform” rating in a report on Tuesday, May 12th. Finally, Weiss Ratings raised shares of Toronto Dominion Bank from a “buy (b)” rating to a “buy (a-)” rating in a report on Friday, March 27th. Two investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $93.00.

About Toronto Dominion Bank

Toronto-Dominion Bank (TD) is a Canadian multinational banking and financial services company headquartered in Toronto, Ontario. Formed through the 1955 merger of the Bank of Toronto (founded 1855) and the Dominion Bank (founded 1869), TD is one of Canada’s largest banks and offers a broad range of financial products and services to individual, small business, commercial and institutional clients.

TD’s core businesses include Canadian and U.S. personal and commercial banking, wealth management, wholesale banking and insurance.