NEXT Financial Group Inc increased its holdings in shares of Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 3,398.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 10,321 shares of the bank’s stock after acquiring an additional 10,026 shares during the period. NEXT Financial Group Inc’s holdings in Toronto-Dominion Bank were worth $513,000 at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of TD. Baird Financial Group Inc. lifted its holdings in Toronto-Dominion Bank by 4.5% during the 3rd quarter. Baird Financial Group Inc. now owns 546,045 shares of the bank’s stock valued at $33,160,000 after purchasing an additional 23,615 shares during the last quarter. Norway Savings Bank lifted its holdings in 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 purchasing an additional 379 shares during the last quarter. Resources Management Corp CT ADV bought a new position in Toronto-Dominion Bank during the 3rd quarter valued at about $11,398,000. LVM Capital Management Ltd. MI lifted its holdings in 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 purchasing an additional 1,625 shares during the last quarter. Finally, CIBC Asset Management Inc lifted its holdings in Toronto-Dominion Bank by 0.7% during the 3rd quarter. CIBC Asset Management Inc now owns 17,745,849 shares of the bank’s stock valued at $1,077,525,000 after purchasing an additional 118,913 shares during the last quarter. Institutional investors and hedge funds own 48.68% of the company’s stock.
Several equities analysts recently issued reports on TD shares. Barclays reissued a “hold” rating on shares of Toronto-Dominion Bank in a report on Thursday, November 29th. ValuEngine raised shares of Toronto-Dominion Bank from a “sell” rating to a “hold” rating in a report on Wednesday, January 2nd. Desjardins reissued a “buy” rating on shares of Toronto-Dominion Bank in a report on Monday, December 10th. Royal Bank of Canada reissued a “hold” rating on shares of Toronto-Dominion Bank in a report on Monday, December 3rd. Finally, Canaccord Genuity reaffirmed a “buy” rating on shares of Toronto-Dominion Bank in a research note on Thursday, November 22nd. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Toronto-Dominion Bank presently has a consensus rating of “Buy” and an average price target of $60.00.
Shares of NYSE:TD opened at $56.50 on Friday. Toronto-Dominion Bank has a one year low of $47.73 and a one year high of $62.00. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.12. The company has a market cap of $106.32 billion, a PE ratio of 11.53, a price-to-earnings-growth ratio of 1.43 and a beta of 1.07.
Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last issued its quarterly earnings data on Thursday, November 29th. The bank reported $1.63 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.23 by $0.40. The firm had revenue of $10.12 billion during the quarter, compared to analysts’ expectations of $9.31 billion. Toronto-Dominion Bank had a net margin of 21.27% and a return on equity of 16.78%. The business’s revenue for the quarter was up 9.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.36 earnings per share. As a group, equities research analysts forecast that Toronto-Dominion Bank will post 5.31 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Wednesday, April 10th will be issued a dividend of $0.564 per share. The ex-dividend date of this dividend is Tuesday, April 9th. This represents a $2.26 dividend on an annualized basis and a yield of 3.99%. This is a boost from Toronto-Dominion Bank’s previous quarterly dividend of $0.51. Toronto-Dominion Bank’s payout ratio is currently 39.17%.
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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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