Cumberland Partners Ltd Boosts Stock Holdings in Toronto Dominion Bank (The) (NYSE:TD)

Cumberland Partners Ltd grew its position in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 4.8% during the first quarter, HoldingsChannel reports. The institutional investor owned 76,698 shares of the bank’s stock after purchasing an additional 3,547 shares during the period. Cumberland Partners Ltd’s holdings in Toronto Dominion Bank were worth $4,598,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in TD. Larson Financial Group LLC boosted its holdings in Toronto Dominion Bank by 122.9% in the first quarter. Larson Financial Group LLC now owns 428 shares of the bank’s stock worth $26,000 after purchasing an additional 236 shares during the last quarter. Financial Management Professionals Inc. boosted its holdings in 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. Moisand Fitzgerald Tamayo LLC purchased a new stake in Toronto Dominion Bank in the first quarter worth approximately $32,000. ORG Partners LLC purchased a new stake in Toronto Dominion Bank during the first quarter valued at $34,000. Finally, CoreCap Advisors LLC lifted its holdings in Toronto Dominion Bank by 57.5% in the fourth quarter. CoreCap Advisors LLC now owns 630 shares of the bank’s stock valued at $34,000 after acquiring an additional 230 shares during the period. Hedge funds and other institutional investors own 52.37% of the company’s stock.

Wall Street Analyst Weigh In

TD has been the subject of a number of recent research reports. Royal Bank Of Canada boosted their price target on Toronto Dominion Bank from $87.00 to $93.00 and gave the company a “sector perform” rating in a research note on Friday, May 23rd. Wall Street Zen upgraded shares of Toronto Dominion Bank from a “sell” rating to a “hold” rating in a research report on Saturday, May 24th. Finally, Scotiabank began coverage on shares of Toronto Dominion Bank in a report on Thursday, May 15th. They set a “sector perform” rating for the company. One investment analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, Toronto Dominion Bank currently has an average rating of “Hold” and a consensus target price of $93.00.

Toronto Dominion Bank Stock Performance

NYSE:TD opened at $72.50 on Friday. The stock has a 50-day simple moving average of $72.22 and a two-hundred day simple moving average of $64.24. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.03 and a current ratio of 1.03. Toronto Dominion Bank has a 52-week low of $51.25 and a 52-week high of $75.58. The firm has a market capitalization of $124.35 billion, a PE ratio of 10.63, a P/E/G ratio of 1.65 and a beta of 0.84.

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 (EPS) for the quarter, beating analysts’ consensus estimates of $1.25 by $0.14. Toronto Dominion Bank had a return on equity of 13.11% and a net margin of 13.53%. The company had revenue of $10.97 billion during the quarter, compared to the consensus estimate of $13.36 billion. During the same period in the previous year, the company posted $2.04 EPS. Analysts forecast that Toronto Dominion Bank will post 5.48 EPS for the current year.

Toronto Dominion Bank Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Thursday, July 10th were given a $0.7568 dividend. The ex-dividend date was Thursday, July 10th. This is an increase from Toronto Dominion Bank’s previous quarterly dividend of $0.73. This represents a $3.03 dividend on an annualized basis and a dividend yield of 4.2%. Toronto Dominion Bank’s dividend payout ratio (DPR) is currently 45.31%.

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.