The Toronto-Dominion Bank (NYSE:TD) Shares Acquired by NewSquare Capital LLC

NewSquare Capital LLC raised its position in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 2.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 118,766 shares of the bank’s stock after acquiring an additional 2,287 shares during the quarter. NewSquare Capital LLC’s holdings in Toronto-Dominion Bank were worth $7,562,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in TD. Bray Capital Advisors raised its holdings in shares of Toronto-Dominion Bank by 206.7% during the third quarter. Bray Capital Advisors now owns 460 shares of the bank’s stock valued at $28,000 after acquiring an additional 310 shares during the last quarter. Avior Wealth Management LLC grew its position in shares of Toronto-Dominion Bank by 92.9% in the fourth quarter. Avior Wealth Management LLC now owns 594 shares of the bank’s stock valued at $38,000 after purchasing an additional 286 shares in the last quarter. Arlington Trust Co LLC purchased a new stake in shares of Toronto-Dominion Bank in the third quarter valued at approximately $42,000. Bruce G. Allen Investments LLC purchased a new stake in shares of Toronto-Dominion Bank in the fourth quarter valued at approximately $50,000. Finally, Hexagon Capital Partners LLC grew its position in shares of Toronto-Dominion Bank by 52.5% in the third quarter. Hexagon Capital Partners LLC now owns 988 shares of the bank’s stock valued at $60,000 after purchasing an additional 340 shares in the last quarter. Institutional investors and hedge funds own 52.37% of the company’s stock.

Toronto-Dominion Bank Stock Up 0.6 %

Shares of NYSE TD traded up $0.36 during mid-day trading on Tuesday, hitting $58.92. The company had a trading volume of 1,682,147 shares, compared to its average volume of 2,970,751. The company has a market capitalization of $103.89 billion, a PE ratio of 12.58, a price-to-earnings-growth ratio of 1.79 and a beta of 0.86. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.99 and a quick ratio of 0.99. The Toronto-Dominion Bank has a 1-year low of $54.69 and a 1-year high of $66.15. The business’s 50-day simple moving average is $59.35 and its 200 day simple moving average is $60.08.

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

Toronto-Dominion Bank Increases Dividend

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

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on TD shares. Jefferies Financial Group started coverage on Toronto-Dominion Bank in a research report on Thursday, February 22nd. They issued a “hold” rating for the company. Scotiabank upgraded Toronto-Dominion Bank from a “sector perform” rating to a “sector outperform” rating in a research report on Wednesday, April 17th. Finally, Barclays started coverage on Toronto-Dominion Bank in a research report on Wednesday, March 20th. They issued an “equal weight” rating for the company. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $89.33.

Toronto-Dominion Bank 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.