Gulf International Bank UK Ltd lifted its holdings in shares of The Toronto-Dominion Bank (NYSE:TD – Free Report) (TSE:TD) by 6.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,838 shares of the bank’s stock after purchasing an additional 707 shares during the quarter. Gulf International Bank UK Ltd’s holdings in Toronto-Dominion Bank were worth $714,000 at the end of the most recent quarter.
Several other institutional investors have also modified their holdings of the business. Mather Group LLC. bought a new position in Toronto-Dominion Bank during the 1st quarter worth about $29,000. Bank of New Hampshire acquired a new stake in Toronto-Dominion Bank in the 4th quarter valued at approximately $32,000. Avior Wealth Management LLC lifted its stake in Toronto-Dominion Bank by 92.9% in the 4th quarter. Avior Wealth Management LLC now owns 594 shares of the bank’s stock valued at $38,000 after acquiring an additional 286 shares in the last quarter. Optiver Holding B.V. acquired a new position in Toronto-Dominion Bank during the 4th quarter worth approximately $39,000. Finally, Bruce G. Allen Investments LLC bought a new position in shares of Toronto-Dominion Bank during the 4th quarter worth approximately $50,000. Institutional investors own 52.37% of the company’s stock.
Wall Street Analysts Forecast Growth
TD has been the subject of several recent research reports. Barclays initiated coverage on shares of Toronto-Dominion Bank in a report on Wednesday, March 20th. They set an “equal weight” rating for the company. National Bank Financial downgraded shares of Toronto-Dominion Bank from a “sector perform” rating to an “underperform” rating in a research note on Thursday, May 23rd. Cibc World Mkts raised Toronto-Dominion Bank from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 24th. Scotiabank raised Toronto-Dominion Bank from a “sector perform” rating to a “sector outperform” rating in a research report on Wednesday, April 17th. Finally, BMO Capital Markets lowered their price target on Toronto-Dominion Bank from $86.00 to $84.00 and set a “market perform” rating on the stock in a research report on Friday, May 24th. One analyst has rated the stock with a sell rating, six have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $88.00.
Read Our Latest Stock Analysis on TD
Toronto-Dominion Bank Stock Performance
TD opened at $54.02 on Monday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.11. The stock has a market cap of $94.39 billion, a price-to-earnings ratio of 12.28, a PEG ratio of 1.48 and a beta of 0.83. The Toronto-Dominion Bank has a 12-month low of $53.52 and a 12-month high of $66.15. The business has a 50 day moving average of $56.29 and a 200-day moving average of $59.13.
Toronto-Dominion Bank (NYSE:TD – Get Free Report) (TSE:TD) last released its quarterly earnings data on Thursday, May 23rd. The bank reported $1.50 EPS for the quarter, topping analysts’ consensus estimates of $1.35 by $0.15. The firm had revenue of $10.18 billion during the quarter, compared to analysts’ expectations of $9.90 billion. Toronto-Dominion Bank had a net margin of 9.96% and a return on equity of 14.38%. On average, equities research analysts expect that The Toronto-Dominion Bank will post 5.86 earnings per share for the current year.
Toronto-Dominion Bank Cuts Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Wednesday, July 10th will be issued a $0.74 dividend. The ex-dividend date of this dividend is Wednesday, July 10th. This represents a $2.96 annualized dividend and a yield of 5.48%. Toronto-Dominion Bank’s dividend payout ratio is currently 68.64%.
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.
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