Private Advisor Group LLC Raises Holdings in Toronto Dominion Bank (The) $TD

Private Advisor Group LLC lifted its position in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 40.6% in the 1st quarter, Holdings Channel reports. The fund owned 31,537 shares of the bank’s stock after buying an additional 9,110 shares during the quarter. Private Advisor Group LLC’s holdings in Toronto Dominion Bank were worth $2,943,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Main Line Retirement Advisors LLC lifted its holdings in Toronto Dominion Bank by 0.8% during the first quarter. Main Line Retirement Advisors LLC now owns 12,254 shares of the bank’s stock valued at $1,143,000 after purchasing an additional 102 shares during the last quarter. Rosenberg Matthew Hamilton raised its position in shares of Toronto Dominion Bank by 8.6% in the fourth quarter. Rosenberg Matthew Hamilton now owns 1,489 shares of the bank’s stock valued at $140,000 after purchasing an additional 118 shares during the period. Richardson Financial Services Inc. lifted its stake in shares of Toronto Dominion Bank by 12.4% during the 4th quarter. Richardson Financial Services Inc. now owns 1,104 shares of the bank’s stock valued at $104,000 after buying an additional 122 shares in the last quarter. CIBC Private Wealth Group LLC lifted its stake in shares of Toronto Dominion Bank by 4.8% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 2,912 shares of the bank’s stock valued at $233,000 after buying an additional 134 shares in the last quarter. Finally, Fiduciary Financial Group LLC boosted its holdings in Toronto Dominion Bank by 4.9% in the 4th quarter. Fiduciary Financial Group LLC now owns 3,000 shares of the bank’s stock worth $283,000 after buying an additional 141 shares during the period. Hedge funds and other institutional investors own 52.37% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on TD. Weiss Ratings lowered shares of Toronto Dominion Bank from a “buy (b+)” rating to a “buy (b)” rating in a research note on Thursday, June 11th. Wall Street Zen lowered Toronto Dominion Bank from a “hold” rating to a “sell” rating in a report on Saturday, May 23rd. Zacks Research cut Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Royal Bank Of Canada boosted their price objective on Toronto Dominion Bank from $138.00 to $156.00 and gave the company an “outperform” rating in a research note on Monday, June 1st. Finally, Scotiabank raised Toronto Dominion Bank from a “sector perform” rating to a “sector outperform” rating in a report on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, Toronto Dominion Bank has a consensus rating of “Moderate Buy” and an average price target of $156.00.

Toronto Dominion Bank Trading Up 1.0%

Toronto Dominion Bank stock opened at $119.70 on Friday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.04 and a current ratio of 1.04. Toronto Dominion Bank has a fifty-two week low of $72.21 and a fifty-two week high of $122.65. The stock has a market cap of $197.80 billion, a P/E ratio of 18.67, a PEG ratio of 1.32 and a beta of 0.71. The firm’s fifty day moving average price is $114.12 and its 200-day moving average price is $102.66.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last posted its quarterly earnings data on Thursday, May 28th. The bank reported $1.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.63 by $0.11. Toronto Dominion Bank had a return on equity of 14.83% and a net margin of 13.20%.The company had revenue of $11.80 billion during the quarter, compared to analyst estimates of $11.04 billion. During the same quarter last year, the company earned $1.97 earnings per share. The firm’s quarterly revenue was down 31.1% on a year-over-year basis. Equities research analysts forecast that Toronto Dominion Bank will post 6.86 earnings per share for the current fiscal year.

Toronto Dominion Bank Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, July 10th will be given a dividend of $1.12 per share. This is a boost from Toronto Dominion Bank’s previous quarterly dividend of $1.08. The ex-dividend date is Friday, July 10th. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.7%. Toronto Dominion Bank’s dividend payout ratio is 48.52%.

Toronto Dominion Bank Company Profile

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.