Cumberland Partners Ltd Purchases 11,810 Shares of The Toronto-Dominion Bank (NYSE:TD)

Cumberland Partners Ltd lifted its position in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 11.1% during the 4th quarter, HoldingsChannel reports. The firm owned 118,347 shares of the bank’s stock after acquiring an additional 11,810 shares during the period. Cumberland Partners Ltd’s holdings in Toronto-Dominion Bank were worth $7,265,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Private Trust Co. NA lifted its stake in shares of Toronto-Dominion Bank by 10.6% in the fourth quarter. Private Trust Co. NA now owns 1,808 shares of the bank’s stock worth $117,000 after buying an additional 174 shares in the last quarter. Stratos Wealth Partners LTD. boosted its stake in Toronto-Dominion Bank by 0.9% during the 4th quarter. Stratos Wealth Partners LTD. now owns 20,126 shares of the bank’s stock valued at $1,301,000 after purchasing an additional 174 shares during the last quarter. Cooper Financial Group boosted its stake in Toronto-Dominion Bank by 2.4% during the 4th quarter. Cooper Financial Group now owns 8,120 shares of the bank’s stock valued at $525,000 after purchasing an additional 188 shares during the last quarter. Costello Asset Management INC boosted its stake in Toronto-Dominion Bank by 3.3% during the 3rd quarter. Costello Asset Management INC now owns 6,325 shares of the bank’s stock valued at $381,000 after purchasing an additional 200 shares during the last quarter. Finally, CENTRAL TRUST Co boosted its stake in Toronto-Dominion Bank by 1.3% during the 3rd quarter. CENTRAL TRUST Co now owns 15,928 shares of the bank’s stock valued at $960,000 after purchasing an additional 207 shares during the last quarter. 52.37% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

TD has been the topic of several recent analyst reports. Barclays initiated coverage on Toronto-Dominion Bank in a research note on Wednesday, March 20th. They set an “equal weight” rating on the stock. Scotiabank upgraded Toronto-Dominion Bank from a “sector perform” rating to a “sector outperform” rating in a research note on Wednesday, April 17th. Finally, Jefferies Financial Group initiated coverage on Toronto-Dominion Bank in a research note on Thursday, February 22nd. They set a “hold” rating on the stock. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $89.33.

Toronto-Dominion Bank Stock Performance

Shares of TD stock traded up $0.36 on Tuesday, reaching $58.92. The stock had a trading volume of 1,682,147 shares, compared to its average volume of 2,970,751. The stock has a market cap of $103.89 billion, a P/E ratio of 12.59, a price-to-earnings-growth ratio of 1.79 and a beta of 0.86. The Toronto-Dominion Bank has a 1 year low of $54.69 and a 1 year high of $66.15. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.99 and a current ratio of 0.99. The company has a 50 day simple moving average of $59.37 and a 200 day simple moving average of $60.08.

Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last released its quarterly earnings results on Thursday, February 29th. The bank reported $1.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.42 by $0.05. Toronto-Dominion Bank had a return on equity of 14.15% and a net margin of 11.16%. The firm had revenue of $10.07 billion for the quarter, compared to the consensus estimate of $9.35 billion. Equities research analysts expect that The Toronto-Dominion Bank will post 5.85 EPS for the current year.

Toronto-Dominion Bank Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, April 9th will be issued a $0.7519 dividend. This is a boost from Toronto-Dominion Bank’s previous quarterly dividend of $0.75. This represents a $3.01 dividend on an annualized basis and a yield of 5.10%. The ex-dividend date of this dividend is Monday, April 8th. Toronto-Dominion Bank’s dividend payout ratio (DPR) is currently 30.56%.

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.