ARS Wealth Advisors Group LLC Takes Position in The Toronto-Dominion Bank (NYSE:TD)

ARS Wealth Advisors Group LLC purchased a new stake in The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 12,000 shares of the bank’s stock, valued at approximately $775,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Legacy Financial Advisors Inc. boosted its stake in Toronto-Dominion Bank by 26.3% in the 4th quarter. Legacy Financial Advisors Inc. now owns 6,159 shares of the bank’s stock worth $398,000 after purchasing an additional 1,283 shares during the period. Sapient Capital LLC acquired a new position in Toronto-Dominion Bank in the 4th quarter worth $352,000. Natixis Advisors L.P. lifted its position in Toronto-Dominion Bank by 25.6% during the 4th quarter. Natixis Advisors L.P. now owns 131,214 shares of the bank’s stock worth $8,479,000 after buying an additional 26,713 shares in the last quarter. First Trust Direct Indexing L.P. lifted its position in Toronto-Dominion Bank by 16.5% during the 4th quarter. First Trust Direct Indexing L.P. now owns 12,042 shares of the bank’s stock worth $778,000 after buying an additional 1,702 shares in the last quarter. Finally, Hexagon Capital Partners LLC lifted its position in Toronto-Dominion Bank by 80.5% during the 4th quarter. Hexagon Capital Partners LLC now owns 1,783 shares of the bank’s stock worth $115,000 after buying an additional 795 shares in the last quarter. 52.37% of the stock is owned by institutional investors and hedge funds.

Toronto-Dominion Bank Stock Performance

TD traded down $3.42 on Friday, reaching $54.66. The company had a trading volume of 8,094,543 shares, compared to its average volume of 3,513,261. The Toronto-Dominion Bank has a fifty-two week low of $54.12 and a fifty-two week high of $66.15. The stock has a market cap of $96.38 billion, a P/E ratio of 11.68, a P/E/G ratio of 1.70 and a beta of 0.85. The company’s fifty day moving average is $59.16 and its 200 day moving average is $60.03. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.99 and a current ratio of 0.99.

Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last announced its quarterly earnings results on Thursday, February 29th. The bank reported $1.47 EPS for the quarter, beating analysts’ consensus estimates of $1.42 by $0.05. Toronto-Dominion Bank had a net margin of 11.16% and a return on equity of 14.15%. The business had revenue of $10.07 billion for the quarter, compared to analyst estimates of $9.35 billion. As a group, analysts predict that The Toronto-Dominion Bank will post 5.77 earnings per share for the current fiscal year.

Toronto-Dominion Bank Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Tuesday, April 9th were issued a $0.7519 dividend. The ex-dividend date of this dividend was Monday, April 8th. This is a boost from Toronto-Dominion Bank’s previous quarterly dividend of $0.75. This represents a $3.01 annualized dividend and a yield of 5.50%. Toronto-Dominion Bank’s payout ratio is currently 30.56%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on TD shares. Jefferies Financial Group started coverage on shares of Toronto-Dominion Bank in a research report on Thursday, February 22nd. They set a “hold” rating on the stock. Barclays started coverage on shares of Toronto-Dominion Bank in a research report on Wednesday, March 20th. They set an “equal weight” rating on the stock. Finally, Scotiabank raised shares of Toronto-Dominion Bank from a “sector perform” rating to a “sector outperform” rating in a report on Wednesday, April 17th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average 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.