Toronto Dominion Bank (The) $TD Stock Position Raised by Bleakley Financial Group LLC

Bleakley Financial Group LLC grew its holdings in Toronto Dominion Bank (The) (NYSE:TDFree Report) (TSE:TD) by 38.7% in the fourth quarter, Holdings Channel.com reports. The firm owned 16,963 shares of the bank’s stock after purchasing an additional 4,735 shares during the period. Bleakley Financial Group LLC’s holdings in Toronto Dominion Bank were worth $1,598,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Cary Street Partners Financial LLC purchased a new stake in shares of Toronto Dominion Bank in the fourth quarter valued at $530,000. Themes Management Co LLC purchased a new stake in shares of Toronto Dominion Bank in the fourth quarter valued at $951,000. CBIZ Investment Advisory Services LLC purchased a new stake in shares of Toronto Dominion Bank in the fourth quarter valued at $34,000. Legal & General Group Plc lifted its holdings in shares of Toronto Dominion Bank by 4.3% in the fourth quarter. Legal & General Group Plc now owns 10,148,324 shares of the bank’s stock valued at $957,711,000 after purchasing an additional 419,105 shares in the last quarter. Finally, Morningstar Investment Management LLC purchased a new stake in shares of Toronto Dominion Bank in the fourth quarter valued at $1,988,000. Hedge funds and other institutional investors own 52.37% of the company’s stock.

Trending Headlines about Toronto Dominion Bank

Here are the key news stories impacting Toronto Dominion Bank this week:

Toronto Dominion Bank Trading Up 1.0%

NYSE TD opened at $113.33 on Friday. Toronto Dominion Bank has a 1-year low of $68.08 and a 1-year high of $113.51. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.09. The company has a market capitalization of $187.70 billion, a PE ratio of 12.52, a price-to-earnings-growth ratio of 1.25 and a beta of 0.71. The firm’s fifty day simple moving average is $102.85 and its 200-day simple moving average is $95.93.

Toronto Dominion Bank (NYSE:TDGet Free Report) (TSE:TD) last posted its quarterly earnings results on Thursday, February 26th. The bank reported $1.76 earnings per share for the quarter, topping analysts’ consensus estimates of $1.63 by $0.13. Toronto Dominion Bank had a net margin of 17.52% and a return on equity of 14.29%. The business had revenue of $11.01 billion for the quarter, compared to the consensus estimate of $10.43 billion. During the same period in the prior year, the business posted $2.02 earnings per share. Toronto Dominion Bank’s revenue for the quarter was up 18.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Toronto Dominion Bank will post 6.89 earnings per share for the current fiscal year.

Toronto Dominion Bank Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, July 10th will be paid a $1.12 dividend. This represents a $4.48 dividend on an annualized basis and a dividend yield of 4.0%. This is a boost from Toronto Dominion Bank’s previous quarterly dividend of $1.08. The ex-dividend date of this dividend is Friday, July 10th. Toronto Dominion Bank’s dividend payout ratio (DPR) is currently 34.36%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on TD shares. Scotiabank upgraded Toronto Dominion Bank from a “sector perform” rating to a “sector outperform” rating in a report on Monday, May 4th. Zacks Research lowered Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Wall Street Zen lowered Toronto Dominion Bank from a “hold” rating to a “sell” rating in a report on Saturday, May 23rd. Weiss Ratings upgraded Toronto Dominion Bank from a “buy (b)” rating to a “buy (a-)” rating in a report on Friday, March 27th. Finally, Raymond James Financial upgraded Toronto Dominion Bank from a “market perform” rating to an “outperform” rating in a report on Tuesday, May 12th. Two equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, Toronto Dominion Bank presently has a consensus rating of “Moderate Buy”.

Check Out Our Latest Stock Analysis on TD

Toronto Dominion Bank Company Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding TD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Toronto Dominion Bank (The) (NYSE:TDFree Report) (TSE:TD).

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

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