Cumberland Partners Ltd Has $7.27 Million Holdings in The Toronto-Dominion Bank (NYSE:TD)

Cumberland Partners Ltd boosted its stake in The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 11.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 118,347 shares of the bank’s stock after purchasing an additional 11,810 shares during the quarter. Cumberland Partners Ltd’s holdings in Toronto-Dominion Bank were worth $7,265,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. NewSquare Capital LLC raised its stake in Toronto-Dominion Bank by 2.0% in the fourth quarter. NewSquare Capital LLC now owns 118,766 shares of the bank’s stock valued at $7,562,000 after purchasing an additional 2,287 shares in the last quarter. Lorne Steinberg Wealth Management Inc. raised its stake in Toronto-Dominion Bank by 3.0% during the fourth quarter. Lorne Steinberg Wealth Management Inc. now owns 131,425 shares of the bank’s stock worth $8,494,000 after acquiring an additional 3,780 shares in the last quarter. Duality Advisers LP acquired a new position in Toronto-Dominion Bank during the fourth quarter worth about $4,199,000. CWM LLC raised its stake in Toronto-Dominion Bank by 15.2% during the fourth quarter. CWM LLC now owns 6,528 shares of the bank’s stock worth $422,000 after acquiring an additional 863 shares in the last quarter. Finally, Signaturefd LLC raised its stake in Toronto-Dominion Bank by 12.7% during the fourth quarter. Signaturefd LLC now owns 20,044 shares of the bank’s stock worth $1,295,000 after acquiring an additional 2,256 shares in the last quarter. Institutional investors and hedge funds own 52.37% of the company’s stock.

Toronto-Dominion Bank Trading Up 0.6 %

TD stock traded up $0.36 during trading on Tuesday, hitting $58.92. The company had a trading volume of 1,682,147 shares, compared to its average volume of 2,970,751. The business has a 50-day moving average of $59.37 and a 200-day moving average of $60.08. The Toronto-Dominion Bank has a one year low of $54.69 and a one year high of $66.15. The stock has a market cap of $103.89 billion, a PE ratio of 12.59, a PEG ratio of 1.79 and a beta of 0.86. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.09.

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

Toronto-Dominion Bank Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, April 9th will be issued a $0.7519 dividend. The ex-dividend date is 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 5.10%. Toronto-Dominion Bank’s dividend payout ratio is presently 30.56%.

Wall Street Analyst Weigh In

Several brokerages have commented on TD. Scotiabank raised Toronto-Dominion Bank from a “sector perform” rating to a “sector outperform” rating in a research note on Wednesday, April 17th. Jefferies Financial Group began coverage on Toronto-Dominion Bank in a research note on Thursday, February 22nd. They set a “hold” rating for the company. Finally, Barclays began coverage on Toronto-Dominion Bank in a research note on Wednesday, March 20th. They set an “equal weight” 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’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $89.33.

Toronto-Dominion Bank 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.