Toronto-Dominion Bank (TD) Position Raised by Atlantic Trust Group LLC

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.

Want to see what other hedge funds are holding TD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Toronto-Dominion Bank (NYSE:TD) (TSE:TD).

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

Receive News & Ratings for Toronto-Dominion Bank Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Toronto-Dominion Bank and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply