Main Line Retirement Advisors LLC Boosts Holdings in Toronto Dominion Bank (The) $TD
by Amy Steele · The Cerbat GemMain Line Retirement Advisors LLC raised its position in shares of Toronto Dominion Bank (The) (NYSE:TD – Free Report) (TSE:TD) by 93.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 23,248 shares of the bank’s stock after acquiring an additional 11,205 shares during the period. Toronto Dominion Bank makes up about 1.5% of Main Line Retirement Advisors LLC’s investment portfolio, making the stock its 13th largest position. Main Line Retirement Advisors LLC’s holdings in Toronto Dominion Bank were worth $2,190,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Rosenberg Matthew Hamilton boosted its stake in Toronto Dominion Bank by 8.6% in the fourth quarter. Rosenberg Matthew Hamilton now owns 1,489 shares of the bank’s stock valued at $140,000 after acquiring an additional 118 shares in the last quarter. Commons Capital LLC increased its position in shares of Toronto Dominion Bank by 0.7% during the third quarter. Commons Capital LLC now owns 18,251 shares of the bank’s stock worth $1,459,000 after purchasing an additional 134 shares in the last quarter. CIBC Private Wealth Group LLC lifted its holdings in shares of Toronto Dominion Bank by 4.8% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 2,912 shares of the bank’s stock valued at $233,000 after purchasing an additional 134 shares during the last quarter. Essex Financial Services Inc. boosted its position in shares of Toronto Dominion Bank by 1.8% in the 3rd quarter. Essex Financial Services Inc. now owns 7,834 shares of the bank’s stock worth $626,000 after purchasing an additional 139 shares in the last quarter. Finally, HBK Sorce Advisory LLC boosted its position in shares of Toronto Dominion Bank by 5.0% in the 3rd quarter. HBK Sorce Advisory LLC now owns 2,953 shares of the bank’s stock worth $238,000 after purchasing an additional 141 shares in the last quarter. Hedge funds and other institutional investors own 52.37% of the company’s stock.
Toronto Dominion Bank Price Performance
NYSE TD opened at $95.24 on Friday. The company has a market cap of $158.67 billion, a price-to-earnings ratio of 10.52, a PEG ratio of 1.08 and a beta of 0.65. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.05 and a quick ratio of 1.05. The stock’s fifty day moving average price is $95.35 and its 200 day moving average price is $89.02. Toronto Dominion Bank has a 1 year low of $54.87 and a 1 year high of $99.84.
Toronto Dominion Bank (NYSE:TD – Get Free Report) (TSE:TD) last issued its quarterly earnings results on Thursday, February 26th. The bank reported $1.76 EPS for the quarter, topping analysts’ consensus estimates of $1.63 by $0.13. The company had revenue of $11.01 billion during the quarter, compared to analysts’ expectations of $10.43 billion. Toronto Dominion Bank had a return on equity of 14.29% and a net margin of 17.52%.The firm’s revenue was up 18.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.02 EPS. As a group, equities research analysts forecast that Toronto Dominion Bank will post 5.48 earnings per share for the current year.
Toronto Dominion Bank Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, April 30th. Investors of record on Thursday, April 9th will be given a $1.08 dividend. The ex-dividend date is Thursday, April 9th. This represents a $4.32 dividend on an annualized basis and a yield of 4.5%. Toronto Dominion Bank’s dividend payout ratio is currently 34.81%.
Wall Street Analysts Forecast Growth
TD has been the topic of several recent analyst reports. Zacks Research raised Toronto Dominion Bank from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 18th. National Bank Financial raised Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a report on Thursday, December 18th. Canadian Imperial Bank of Commerce downgraded shares of Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 12th. Wall Street Zen raised shares of Toronto Dominion Bank from a “sell” rating to a “hold” rating in a research report on Monday, March 2nd. Finally, Weiss Ratings upgraded shares of Toronto Dominion Bank from a “buy (b)” rating to a “buy (a-)” rating in a research note on Friday, March 27th. Three research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, Toronto Dominion Bank has an average rating of “Moderate Buy” and a consensus target price of $93.00.
Check Out Our Latest Stock Analysis on TD
Toronto Dominion Bank Profile
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.