Atlantic Trust Group LLC increased its position in shares of Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 10.9% in the first quarter, HoldingsChannel reports. The firm owned 21,246 shares of the bank’s stock after purchasing an additional 2,080 shares during the period. Atlantic Trust Group LLC’s holdings in Toronto-Dominion Bank were worth $1,207,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Icon Wealth Partners LLC acquired a new stake in shares of Toronto-Dominion Bank during the 4th quarter worth about $102,000. Synovus Financial Corp acquired a new stake in shares of Toronto-Dominion Bank during the 1st quarter worth about $102,000. Institutional & Family Asset Management LLC acquired a new stake in shares of Toronto-Dominion Bank during the 1st quarter worth about $136,000. Private Capital Group LLC increased its position in shares of Toronto-Dominion Bank by 662.9% during the 1st quarter. Private Capital Group LLC now owns 2,388 shares of the bank’s stock worth $136,000 after purchasing an additional 2,075 shares in the last quarter. Finally, Financial Gravity Companies Inc. acquired a new stake in shares of Toronto-Dominion Bank during the 4th quarter worth about $176,000. Institutional investors and hedge funds own 48.61% of the company’s stock.
Shares of NYSE:TD opened at $57.86 on Friday. Toronto-Dominion Bank has a 12 month low of $49.91 and a 12 month high of $75.46. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.91 and a current ratio of 0.91. The stock has a market cap of $104.94 billion, a price-to-earnings ratio of 13.65, a P/E/G ratio of 1.03 and a beta of 0.96.
Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last issued its quarterly earnings data on Thursday, May 24th. The bank reported $1.62 EPS for the quarter, topping analysts’ consensus estimates of $1.17 by $0.45. Toronto-Dominion Bank had a net margin of 22.03% and a return on equity of 16.50%. The firm had revenue of $9.47 billion for the quarter, compared to analyst estimates of $8.76 billion. During the same quarter in the prior year, the firm earned $1.34 EPS. The company’s revenue was up 11.7% on a year-over-year basis. analysts expect that Toronto-Dominion Bank will post 4.9 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 31st. Shareholders of record on Tuesday, July 10th will be issued a dividend of $0.5239 per share. The ex-dividend date of this dividend is Monday, July 9th. This represents a $2.10 dividend on an annualized basis and a yield of 3.62%. This is a positive change from Toronto-Dominion Bank’s previous quarterly dividend of $0.52. Toronto-Dominion Bank’s dividend payout ratio is currently 49.06%.
TD has been the subject of a number of recent analyst reports. Desjardins upgraded shares of Toronto-Dominion Bank from a “hold” rating to a “buy” rating in a research report on Friday, March 2nd. Zacks Investment Research upgraded shares of Toronto-Dominion Bank from a “hold” rating to a “buy” rating and set a $63.00 target price for the company in a research report on Friday, May 4th. Finally, ValuEngine lowered shares of Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a report on Tuesday, April 3rd. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $79.00.
About Toronto-Dominion Bank
The Toronto-Dominion Bank, together with its subsidiaries, provides various personal and commercial banking products and services in Canada and the United States. It operates through three segments: Canadian Retail, U.S. Retail, and Wholesale Banking. The company offers personal deposits, such as checking, savings, and investment products; financing, investment, cash management, international trade, and day-to-day banking services to small, medium, and large businesses; financing options to customers at point of sale for automotive and recreational vehicle purchases through auto dealer network; credit cards; investing, advice-based, and asset management services to retail and institutional clients; and property and casualty insurance, as well as life and health insurance products.
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