Toronto-Dominion Bank (TD) Position Raised by Advisor Partners LLC
Advisor Partners LLC boosted its stake in Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 3.6% in the first quarter, Holdings Channel reports. The firm owned 16,516 shares of the bank’s stock after acquiring an additional 572 shares during the period. Advisor Partners LLC’s holdings in Toronto-Dominion Bank were worth $897,000 at the end of the most recent quarter.
Several other institutional investors have also made changes to their positions in the business. Hanson & Doremus Investment Management increased its holdings in shares of Toronto-Dominion Bank by 3.1% in the first quarter. Hanson & Doremus Investment Management now owns 10,270 shares of the bank’s stock worth $558,000 after acquiring an additional 310 shares in the last quarter. Monte Financial Group LLC increased its holdings in shares of Toronto-Dominion Bank by 101.8% in the first quarter. Monte Financial Group LLC now owns 51,739 shares of the bank’s stock worth $2,811,000 after acquiring an additional 26,098 shares in the last quarter. Investors Research Corp bought a new stake in shares of Toronto-Dominion Bank in the first quarter worth about $189,000. CWM LLC increased its holdings in shares of Toronto-Dominion Bank by 130.0% in the first quarter. CWM LLC now owns 55,354 shares of the bank’s stock worth $3,007,000 after acquiring an additional 31,284 shares in the last quarter. Finally, Heathbridge Capital Management Ltd. increased its holdings in shares of Toronto-Dominion Bank by 2.1% in the first quarter. Heathbridge Capital Management Ltd. now owns 468,300 shares of the bank’s stock worth $25,414,000 after acquiring an additional 9,650 shares in the last quarter. Institutional investors own 48.86% of the company’s stock.
TD stock opened at $56.13 on Wednesday. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.12. The stock has a market cap of $103.38 billion, a PE ratio of 11.16, a PEG ratio of 1.57 and a beta of 1.05. Toronto-Dominion Bank has a fifty-two week low of $47.73 and a fifty-two week high of $62.00.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Wednesday, April 10th will be given a dividend of $0.564 per share. This is a boost from Toronto-Dominion Bank’s previous quarterly dividend of $0.51. This represents a $2.26 annualized dividend and a dividend yield of 4.02%. The ex-dividend date is Tuesday, April 9th. Toronto-Dominion Bank’s dividend payout ratio is currently 44.14%.
Several brokerages have issued reports on TD. Zacks Investment Research downgraded Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a report on Wednesday, March 6th. BMO Capital Markets restated a “buy” rating on shares of Toronto-Dominion Bank in a report on Thursday, February 28th. Finally, ValuEngine upgraded Toronto-Dominion Bank from a “sell” rating to a “hold” rating in a report on Wednesday, January 2nd. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Toronto-Dominion Bank has a consensus rating of “Hold” and an average price target of $60.00.
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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