Bard Financial Services Inc. Sells 595 Shares of The Toronto-Dominion Bank (NYSE:TD)

Bard Financial Services Inc. lessened its stake in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 2.8% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 20,545 shares of the bank’s stock after selling 595 shares during the quarter. Bard Financial Services Inc.’s holdings in Toronto-Dominion Bank were worth $1,231,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Financial Management Professionals Inc. grew its stake in shares of Toronto-Dominion Bank by 322.4% in the first quarter. Financial Management Professionals Inc. now owns 490 shares of the bank’s stock worth $29,000 after purchasing an additional 374 shares during the last quarter. Lee Danner & Bass Inc. bought a new stake in shares of Toronto-Dominion Bank in the fourth quarter worth $27,000. Bank of Jackson Hole Trust bought a new stake in shares of Toronto-Dominion Bank in the fourth quarter worth $32,000. CoreCap Advisors LLC grew its stake in shares of Toronto-Dominion Bank by 57.5% in the fourth quarter. CoreCap Advisors LLC now owns 630 shares of the bank’s stock worth $34,000 after purchasing an additional 230 shares during the last quarter. Finally, Murphy & Mullick Capital Management Corp bought a new stake in shares of Toronto-Dominion Bank in the fourth quarter worth $39,000. Institutional investors own 52.37% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on TD. Royal Bank of Canada boosted their price objective on shares of Toronto-Dominion Bank from $87.00 to $93.00 and gave the stock a “sector perform” rating in a research note on Friday, May 23rd. Wall Street Zen raised shares of Toronto-Dominion Bank from a “sell” rating to a “hold” rating in a research note on Saturday, May 24th. Jefferies Financial Group cut shares of Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a research note on Tuesday, February 18th. Finally, Scotiabank started coverage on shares of Toronto-Dominion Bank in a report on Thursday, May 15th. They issued a “sector perform” rating on the stock. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $93.00.

Toronto-Dominion Bank Price Performance

TD stock opened at $70.73 on Wednesday. The company’s fifty day simple moving average is $63.59 and its 200 day simple moving average is $59.23. The Toronto-Dominion Bank has a 12-month low of $51.25 and a 12-month high of $70.76. The firm has a market cap of $121.84 billion, a price-to-earnings ratio of 20.38, a PEG ratio of 1.95 and a beta of 0.82. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.11.

Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last announced its quarterly earnings data on Thursday, May 22nd. The bank reported $1.39 earnings per share for the quarter, beating the consensus estimate of $1.25 by $0.14. Toronto-Dominion Bank had a net margin of 7.37% and a return on equity of 13.96%. The firm had revenue of $10.97 billion for the quarter, compared to analyst estimates of $13.36 billion. During the same quarter in the prior year, the business earned $2.04 earnings per share. On average, analysts expect that The Toronto-Dominion Bank will post 5.48 earnings per share for the current year.

Toronto-Dominion Bank Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Thursday, July 10th will be issued a dividend of $0.7568 per share. The ex-dividend date of this dividend is Thursday, July 10th. This represents a $3.03 annualized dividend and a dividend yield of 4.28%. This is a positive change from Toronto-Dominion Bank’s previous quarterly dividend of $0.73. Toronto-Dominion Bank’s dividend payout ratio is currently 44.72%.

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.