875 Shares in The Toronto-Dominion Bank (NYSE:TD) Purchased by Bfsg LLC

Bfsg LLC acquired a new position in The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) in the 4th quarter, Holdings Channel reports. The institutional investor acquired 875 shares of the bank’s stock, valued at approximately $57,000.

Several other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in Toronto-Dominion Bank by 1.8% during the 3rd quarter. Vanguard Group Inc. now owns 72,384,265 shares of the bank’s stock worth $4,361,876,000 after buying an additional 1,303,730 shares during the period. CIBC Asset Management Inc raised its holdings in Toronto-Dominion Bank by 0.4% during the 3rd quarter. CIBC Asset Management Inc now owns 17,918,370 shares of the bank’s stock worth $1,082,848,000 after buying an additional 76,129 shares during the period. The Manufacturers Life Insurance Company raised its holdings in Toronto-Dominion Bank by 20.1% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 17,134,868 shares of the bank’s stock worth $1,039,691,000 after buying an additional 2,870,662 shares during the period. Toronto Dominion Bank increased its holdings in shares of Toronto-Dominion Bank by 0.9% in the 3rd quarter. Toronto Dominion Bank now owns 14,630,614 shares of the bank’s stock valued at $881,641,000 after purchasing an additional 126,116 shares during the period. Finally, Massachusetts Financial Services Co. MA increased its holdings in shares of Toronto-Dominion Bank by 3.2% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 11,171,750 shares of the bank’s stock valued at $673,210,000 after purchasing an additional 342,932 shares during the period. Institutional investors and hedge funds own 52.37% of the company’s stock.

Toronto-Dominion Bank Stock Up 0.3 %

Shares of Toronto-Dominion Bank stock opened at $59.31 on Friday. The stock has a market capitalization of $104.57 billion, a P/E ratio of 12.63, a PEG ratio of 1.81 and a beta of 0.86. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.09. The stock has a 50 day moving average price of $59.36 and a two-hundred day moving average price of $60.07. The Toronto-Dominion Bank has a 12-month low of $54.69 and a 12-month high of $66.15.

Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last announced its earnings results on Thursday, February 29th. The bank reported $1.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.42 by $0.05. The firm had revenue of $10.07 billion during the quarter, compared to analysts’ expectations of $9.35 billion. Toronto-Dominion Bank had a return on equity of 14.15% and a net margin of 11.16%. Equities analysts expect that The Toronto-Dominion Bank will post 5.85 earnings per share for the current year.

Toronto-Dominion Bank Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 9th will be given a $0.7519 dividend. This represents a $3.01 annualized dividend and a dividend yield of 5.07%. This is a boost from Toronto-Dominion Bank’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend is Monday, April 8th. Toronto-Dominion Bank’s dividend payout ratio is currently 30.56%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on TD shares. Scotiabank upgraded Toronto-Dominion Bank from a “sector perform” rating to a “sector outperform” rating in a report on Wednesday, April 17th. Barclays started coverage on Toronto-Dominion Bank in a research note on Wednesday, March 20th. They issued an “equal weight” rating for the company. Finally, Jefferies Financial Group started coverage on Toronto-Dominion Bank in a research note on Thursday, February 22nd. They issued a “hold” rating for the company. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Toronto-Dominion Bank has an average rating of “Hold” and a consensus target price of $89.33.

Toronto-Dominion Bank Company Profile

The Toronto-Dominion Bank, together with its subsidiaries, provides various financial products and services in Canada, the United States, and internationally. It operates through four segments: Canadian Personal and Commercial Banking, U.S. Retail, Wealth Management and Insurance, and Wholesale Banking.