Passumpsic Savings Bank Takes Position in Toronto Dominion Bank (The) $TD

Passumpsic Savings Bank purchased a new stake in shares of Toronto Dominion Bank (The) (NYSE:TDFree Report) (TSE:TD) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 7,960 shares of the bank’s stock, valued at approximately $750,000.

A number of other institutional investors have also recently made changes to their positions in the company. Abacus Wealth Partners LLC purchased a new stake in shares of Toronto Dominion Bank during the fourth quarter valued at approximately $337,000. AlphaCore Capital LLC lifted its position in Toronto Dominion Bank by 64.0% during the fourth quarter. AlphaCore Capital LLC now owns 4,952 shares of the bank’s stock valued at $466,000 after purchasing an additional 1,933 shares during the period. Northwestern Mutual Wealth Management Co. lifted its position in Toronto Dominion Bank by 221.8% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 129,128 shares of the bank’s stock valued at $12,164,000 after purchasing an additional 89,006 shares during the period. Pinnacle Associates Ltd. lifted its position in Toronto Dominion Bank by 19.3% during the fourth quarter. Pinnacle Associates Ltd. now owns 28,222 shares of the bank’s stock valued at $2,659,000 after purchasing an additional 4,560 shares during the period. Finally, Bank Julius Baer & Co. Ltd Zurich lifted its position in Toronto Dominion Bank by 154.1% during the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 5,265 shares of the bank’s stock valued at $496,000 after purchasing an additional 3,193 shares during the period. Hedge funds and other institutional investors own 52.37% of the company’s stock.

Toronto Dominion Bank Stock Up 0.0%

TD opened at $107.69 on Monday. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.09. Toronto Dominion Bank has a 1-year low of $64.12 and a 1-year high of $109.22. The company has a market capitalization of $178.34 billion, a PE ratio of 11.90, a PEG ratio of 1.22 and a beta of 0.71. The firm’s 50 day simple moving average is $100.04 and its two-hundred day simple moving average is $94.06.

Toronto Dominion Bank (NYSE:TDGet Free Report) (TSE:TD) last released its quarterly earnings results on Thursday, February 26th. The bank reported $1.76 earnings per share for the quarter, topping the consensus estimate of $1.63 by $0.13. Toronto Dominion Bank had a net margin of 17.52% and a return on equity of 14.29%. The business had revenue of $11.01 billion for the quarter, compared to the consensus estimate of $10.43 billion. During the same period last year, the firm earned $2.02 earnings per share. The company’s quarterly revenue was up 18.1% on a year-over-year basis. As a group, equities analysts forecast that Toronto Dominion Bank will post 6.91 EPS for the current year.

Toronto Dominion Bank Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 30th. Shareholders of record on Thursday, April 9th were given a $1.08 dividend. The ex-dividend date was Thursday, April 9th. This represents a $4.32 annualized dividend and a yield of 4.0%. Toronto Dominion Bank’s dividend payout ratio (DPR) is presently 34.25%.

Wall Street Analyst Weigh In

TD has been the topic of a number of research analyst reports. Weiss Ratings upgraded shares of Toronto Dominion Bank from a “buy (b)” rating to a “buy (a-)” rating in a research report on Friday, March 27th. Wall Street Zen upgraded shares of Toronto Dominion Bank from a “sell” rating to a “hold” rating in a research report on Saturday, April 25th. Raymond James Financial upgraded shares of Toronto Dominion Bank from a “market perform” rating to an “outperform” rating in a research report on Tuesday, May 12th. Zacks Research downgraded shares of Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Finally, Canadian Imperial Bank of Commerce downgraded shares of Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 12th. Two research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Toronto Dominion Bank currently has a consensus rating of “Moderate Buy” and a consensus price target of $93.00.

Get Our Latest Stock Report on Toronto Dominion Bank

Toronto Dominion Bank Profile

(Free Report)

Toronto-Dominion Bank (TD) is a Canadian multinational banking and financial services company headquartered in Toronto, Ontario. Formed through the 1955 merger of the Bank of Toronto (founded 1855) and the Dominion Bank (founded 1869), TD is one of Canada’s largest banks and offers a broad range of financial products and services to individual, small business, commercial and institutional clients.

TD’s core businesses include Canadian and U.S. personal and commercial banking, wealth management, wholesale banking and insurance.

Further Reading

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Institutional Ownership by Quarter for Toronto Dominion Bank (NYSE:TD)

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