Asset Planning Inc Has $93,000 Position in Toronto Dominion Bank (The) (NYSE:TD)

Asset Planning Inc reduced its stake in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 20.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,557 shares of the bank’s stock after selling 400 shares during the quarter. Asset Planning Inc’s holdings in Toronto Dominion Bank were worth $93,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. Alberta Investment Management Corp grew its position in shares of Toronto Dominion Bank by 2.9% during the 1st quarter. Alberta Investment Management Corp now owns 4,629,156 shares of the bank’s stock worth $277,347,000 after buying an additional 131,158 shares during the period. US Bancorp DE lifted its holdings in shares of Toronto Dominion Bank by 19.1% during the 1st quarter. US Bancorp DE now owns 19,666 shares of the bank’s stock valued at $1,179,000 after purchasing an additional 3,154 shares in the last quarter. Brentview Investment Management LLC bought a new position in shares of Toronto Dominion Bank during the 1st quarter valued at about $40,000. Natixis Advisors LLC lifted its holdings in shares of Toronto Dominion Bank by 57.1% during the 1st quarter. Natixis Advisors LLC now owns 67,083 shares of the bank’s stock valued at $4,021,000 after purchasing an additional 24,378 shares in the last quarter. Finally, Independence Financial Advisors LLC bought a new position in shares of Toronto Dominion Bank during the 1st quarter valued at about $243,000. 52.37% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on TD shares. Scotiabank started coverage on Toronto Dominion Bank in a report on Thursday, May 15th. They set a “sector perform” rating on the stock. Royal Bank Of Canada lifted their price objective on Toronto Dominion Bank from $87.00 to $93.00 and gave the company a “sector perform” rating in a report on Friday, May 23rd. Finally, Wall Street Zen upgraded Toronto Dominion Bank from a “sell” rating to a “hold” rating in a report on Saturday, May 24th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $93.00.

Toronto Dominion Bank Trading Down 0.5%

NYSE:TD opened at $72.50 on Friday. Toronto Dominion Bank has a fifty-two week low of $51.25 and a fifty-two week high of $75.58. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.03 and a quick ratio of 1.03. The stock has a market capitalization of $124.35 billion, a PE ratio of 10.63, a price-to-earnings-growth ratio of 1.65 and a beta of 0.84. The business’s 50-day simple moving average is $72.22 and its 200-day simple moving average is $64.24.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last released its earnings results on Thursday, May 22nd. The bank reported $1.39 EPS for the quarter, beating the consensus estimate of $1.25 by $0.14. The firm had revenue of $10.97 billion for the quarter, compared to analysts’ expectations of $13.36 billion. Toronto Dominion Bank had a return on equity of 13.11% and a net margin of 13.53%. During the same quarter in the previous year, the business posted $2.04 EPS. Sell-side analysts expect that Toronto Dominion Bank will post 5.48 earnings per share for the current fiscal year.

Toronto Dominion Bank Increases Dividend

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