Davis R M Inc. lowered its holdings in shares of Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 5.1% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,540 shares of the bank’s stock after selling 670 shares during the quarter. Davis R M Inc.’s holdings in Toronto-Dominion Bank were worth $681,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Monte Financial Group LLC increased its position in shares of Toronto-Dominion Bank by 101.8% during the 1st quarter. Monte Financial Group LLC now owns 51,739 shares of the bank’s stock valued at $2,811,000 after purchasing an additional 26,098 shares during the last quarter. Norway Savings Bank grew its stake in shares of Toronto-Dominion Bank by 34.5% during the 4th quarter. Norway Savings Bank now owns 1,479 shares of the bank’s stock valued at $74,000 after acquiring an additional 379 shares during the period. Natixis Advisors L.P. grew its stake in shares of Toronto-Dominion Bank by 25.2% during the 4th quarter. Natixis Advisors L.P. now owns 44,812 shares of the bank’s stock valued at $2,228,000 after acquiring an additional 9,014 shares during the period. IHT Wealth Management LLC grew its stake in shares of Toronto-Dominion Bank by 3.9% during the 4th quarter. IHT Wealth Management LLC now owns 6,439 shares of the bank’s stock valued at $320,000 after acquiring an additional 244 shares during the period. Finally, LVM Capital Management Ltd. MI grew its stake in shares of Toronto-Dominion Bank by 0.9% during the 4th quarter. LVM Capital Management Ltd. MI now owns 189,747 shares of the bank’s stock valued at $9,434,000 after acquiring an additional 1,625 shares during the period. 49.74% of the stock is owned by hedge funds and other institutional investors.
Shares of NYSE:TD traded down $0.50 during mid-day trading on Wednesday, reaching $54.97. 1,092,702 shares of the company traded hands, compared to its average volume of 1,242,129. Toronto-Dominion Bank has a 52 week low of $47.73 and a 52 week high of $62.00. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.12. The company has a market cap of $101.38 billion, a PE ratio of 10.93, a price-to-earnings-growth ratio of 1.57 and a beta of 1.06.
Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last posted its quarterly earnings results on Thursday, February 28th. The bank reported $1.18 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.31 by ($0.13). Toronto-Dominion Bank had a return on equity of 16.36% and a net margin of 20.48%. The business had revenue of $7.51 billion during the quarter, compared to the consensus estimate of $7.35 billion. Equities research analysts predict that Toronto-Dominion Bank will post 5.07 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Wednesday, April 10th were paid a $0.564 dividend. This represents a $2.26 annualized dividend and a yield of 4.10%. This is an increase from Toronto-Dominion Bank’s previous quarterly dividend of $0.51. The ex-dividend date was Tuesday, April 9th. Toronto-Dominion Bank’s dividend payout ratio is presently 44.14%.
A number of brokerages recently issued reports on TD. Zacks Investment Research downgraded Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a research note on Wednesday, April 24th. BMO Capital Markets reiterated a “buy” rating on shares of Toronto-Dominion Bank in a research note on Thursday, February 28th. Finally, Barclays reiterated a “hold” rating on shares of Toronto-Dominion Bank in a research note on Friday, May 17th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $60.00.
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Toronto-Dominion Bank 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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