Stifel Financial Corp grew its position in Toronto–Dominion Bank (NYSE:TD) (TSE:TD) by 0.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 564,945 shares of the bank’s stock after purchasing an additional 1,623 shares during the quarter. Stifel Financial Corp’s holdings in Toronto–Dominion Bank were worth $32,187,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Schroder Investment Management Group grew its holdings in Toronto–Dominion Bank by 2.9% in the fourth quarter. Schroder Investment Management Group now owns 8,137,668 shares of the bank’s stock worth $599,332,000 after purchasing an additional 228,549 shares during the last quarter. Picton Mahoney Asset Management purchased a new position in Toronto–Dominion Bank in the fourth quarter worth $259,976,000. The Manufacturers Life Insurance Company grew its holdings in Toronto–Dominion Bank by 27.7% in the fourth quarter. The Manufacturers Life Insurance Company now owns 16,261,914 shares of the bank’s stock worth $952,623,000 after purchasing an additional 3,527,079 shares during the last quarter. Regal Investment Advisors LLC purchased a new position in Toronto–Dominion Bank in the fourth quarter worth $227,000. Finally, M&T Bank Corp grew its holdings in Toronto–Dominion Bank by 1.3% in the fourth quarter. M&T Bank Corp now owns 715,331 shares of the bank’s stock worth $41,898,000 after purchasing an additional 8,872 shares during the last quarter. 48.70% of the stock is currently owned by institutional investors and hedge funds.
Several equities analysts have issued reports on TD shares. Zacks Investment Research lowered shares of Toronto–Dominion Bank from a “buy” rating to a “hold” rating in a report on Tuesday, February 20th. ValuEngine lowered shares of Toronto–Dominion Bank from a “buy” rating to a “hold” rating in a report on Tuesday, April 3rd. Finally, Desjardins raised shares of Toronto–Dominion Bank from a “hold” rating to a “buy” rating in a report on Friday, March 2nd. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $79.00.
Shares of TD traded down $0.07 during trading hours on Friday, reaching $58.16. 934,002 shares of the company traded hands, compared to its average volume of 1,025,045. The firm has a market capitalization of $107.47 billion, a PE ratio of 13.72, a price-to-earnings-growth ratio of 1.05 and a beta of 0.96. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.91 and a quick ratio of 0.91. Toronto–Dominion Bank has a 12-month low of $48.24 and a 12-month high of $75.46.
Toronto–Dominion Bank (NYSE:TD) (TSE:TD) last announced its quarterly earnings data on Thursday, May 24th. The bank reported $1.62 earnings per share for the quarter, beating analysts’ consensus estimates of $1.17 by $0.45. The firm had revenue of $9.47 billion for the quarter, compared to analyst estimates of $8.76 billion. Toronto–Dominion Bank had a net margin of 22.03% and a return on equity of 16.50%. The business’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same period in the previous year, the company earned $1.34 earnings per share. research analysts anticipate that Toronto–Dominion Bank will post 4.9 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 31st. Investors of record on Tuesday, July 10th will be given a dividend of $0.5239 per share. The ex-dividend date is Monday, July 9th. This is an increase from Toronto–Dominion Bank’s previous quarterly dividend of $0.52. This represents a $2.10 dividend on an annualized basis and a yield of 3.60%. Toronto–Dominion Bank’s payout ratio is currently 49.06%.
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. It operates through three segments: Canadian Retail, U.S. Retail, and Wholesale Banking. The company offers personal deposits, such as checking, savings, and investment products; financing, investment, cash management, international trade, and day-to-day banking services to small, medium, and large 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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