NewSquare Capital LLC Purchases 2,287 Shares of The Toronto-Dominion Bank (NYSE:TD)

NewSquare Capital LLC grew its position in The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 2.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 118,766 shares of the bank’s stock after acquiring an additional 2,287 shares during the quarter. NewSquare Capital LLC’s holdings in Toronto-Dominion Bank were worth $7,562,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Bray Capital Advisors increased its holdings in Toronto-Dominion Bank by 206.7% during the 3rd quarter. Bray Capital Advisors now owns 460 shares of the bank’s stock valued at $28,000 after purchasing an additional 310 shares in the last quarter. Avior Wealth Management LLC increased its holdings in Toronto-Dominion Bank by 92.9% during the 4th quarter. Avior Wealth Management LLC now owns 594 shares of the bank’s stock valued at $38,000 after purchasing an additional 286 shares in the last quarter. Arlington Trust Co LLC acquired a new stake in Toronto-Dominion Bank during the 3rd quarter valued at $42,000. Bruce G. Allen Investments LLC acquired a new stake in Toronto-Dominion Bank during the 4th quarter valued at $50,000. Finally, Independence Bank of Kentucky acquired a new stake in shares of Toronto-Dominion Bank in the 4th quarter valued at $60,000. Institutional investors own 52.37% of the company’s stock.

Toronto-Dominion Bank Stock Performance

Shares of Toronto-Dominion Bank stock traded up $0.36 on Tuesday, hitting $58.92. The stock had a trading volume of 1,682,147 shares, compared to its average volume of 2,970,751. The Toronto-Dominion Bank has a twelve month low of $54.69 and a twelve month high of $66.15. The business’s 50 day moving average is $59.35 and its two-hundred day moving average is $60.08. 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 market cap of $103.89 billion, a price-to-earnings ratio of 12.58, a price-to-earnings-growth ratio of 1.79 and a beta of 0.86.

Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last posted 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. The company had revenue of $10.07 billion for the quarter, compared to the consensus estimate of $9.35 billion. Toronto-Dominion Bank had a return on equity of 14.15% and a net margin of 11.16%. Analysts forecast that The Toronto-Dominion Bank will post 5.85 EPS for the current year.

Toronto-Dominion Bank Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, April 9th will be paid a dividend of $0.7519 per share. The ex-dividend date of this dividend 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%.

Analyst Upgrades and Downgrades

A number of brokerages recently 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. Barclays initiated coverage on Toronto-Dominion Bank in a report on Wednesday, March 20th. They issued an “equal weight” rating on the stock. Finally, Jefferies Financial Group began coverage on Toronto-Dominion Bank in a report on Thursday, February 22nd. They issued a “hold” rating on the stock. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus 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.