Burney Co. trimmed its position in Toronto–Dominion Bank (NYSE:TD) (TSE:TD) by 9.5% in the 1st quarter, HoldingsChannel.com reports. The firm owned 13,920 shares of the bank’s stock after selling 1,454 shares during the quarter. Burney Co.’s holdings in Toronto–Dominion Bank were worth $791,000 at the end of the most recent reporting period.
Other large investors have also recently made changes to their positions in the company. Icon Wealth Partners LLC bought a new position in Toronto–Dominion Bank in the 4th quarter valued at $102,000. Synovus Financial Corp bought a new position in Toronto–Dominion Bank in the 1st quarter valued at $102,000. Calton & Associates Inc. bought a new position in Toronto–Dominion Bank in the 4th quarter valued at $141,000. Financial Gravity Companies Inc. bought a new position in Toronto–Dominion Bank in the 4th quarter valued at $176,000. Finally, Buckingham Asset Management LLC bought a new position in Toronto–Dominion Bank in the 4th quarter valued at $204,000. 48.92% of the stock is owned by hedge funds and other institutional investors.
Toronto–Dominion Bank opened at $59.06 on Friday, according to MarketBeat. Toronto–Dominion Bank has a 52-week low of $58.63 and a 52-week high of $58.98. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.11. The firm has a market cap of $108.17 billion, a PE ratio of 13.93, a P/E/G ratio of 1.16 and a beta of 0.95.
Toronto–Dominion Bank (NYSE:TD) (TSE:TD) last posted its quarterly earnings data on Thursday, March 1st. The bank reported $1.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.17 by $0.06. Toronto–Dominion Bank had a net margin of 22.12% and a return on equity of 15.76%. The company had revenue of $9.36 billion during the quarter, compared to the consensus estimate of $8.96 billion. During the same period in the previous year, the firm posted $1.33 EPS. The firm’s revenue was up 2.6% compared to the same quarter last year. equities analysts expect that Toronto–Dominion Bank will post 4.84 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, April 30th. Stockholders of record on Tuesday, April 10th were issued a dividend of $0.522 per share. This is an increase from Toronto–Dominion Bank’s previous quarterly dividend of $0.47. This represents a $2.09 dividend on an annualized basis and a dividend yield of 3.54%. The ex-dividend date of this dividend was Monday, April 9th. Toronto–Dominion Bank’s payout ratio is currently 49.06%.
Several brokerages have commented on TD. Zacks Investment Research downgraded shares of Toronto–Dominion Bank from a “buy” rating to a “hold” rating in a report on Thursday. ValuEngine downgraded shares of Toronto–Dominion Bank from a “buy” rating to a “hold” rating in a report on Tuesday, April 3rd. Desjardins raised shares of Toronto–Dominion Bank from a “hold” rating to a “buy” rating in a report on Friday, March 2nd. Bank of America raised their price target on shares of Toronto–Dominion Bank from $71.00 to $87.00 and gave the company a “buy” rating in a report on Tuesday, January 30th. Finally, CIBC raised shares of Toronto–Dominion Bank from a “neutral” rating to an “outperform” rating in a report on Thursday, February 1st. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $76.60.
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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