Warner Group LLC Acquires New Position in Toronto Dominion Bank (The) $TD

Warner Group LLC acquired a new stake in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 9,982 shares of the bank’s stock, valued at approximately $940,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Envestnet Portfolio Solutions Inc. purchased a new position in Toronto Dominion Bank during the fourth quarter valued at approximately $288,000. Entrust Financial LLC purchased a new position in Toronto Dominion Bank during the fourth quarter valued at approximately $55,000. TD Private Client Wealth LLC grew its position in Toronto Dominion Bank by 2.9% during the fourth quarter. TD Private Client Wealth LLC now owns 14,825 shares of the bank’s stock valued at $1,397,000 after purchasing an additional 419 shares in the last quarter. Passumpsic Savings Bank purchased a new position in Toronto Dominion Bank during the fourth quarter valued at approximately $750,000. Finally, Abacus Wealth Partners LLC purchased a new position in Toronto Dominion Bank during the fourth quarter valued at approximately $337,000. 52.37% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have commented on TD shares. Scotiabank raised shares of Toronto Dominion Bank from a “sector perform” rating to a “sector outperform” rating in a research report on Monday, May 4th. Weiss Ratings raised shares of Toronto Dominion Bank from a “buy (b)” rating to a “buy (a-)” rating in a research report on Friday, March 27th. Zacks Research cut shares of Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Canadian Imperial Bank of Commerce cut shares of Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 12th. Finally, Raymond James Financial upgraded shares of Toronto Dominion Bank from a “market perform” rating to an “outperform” rating in a research note on Tuesday, May 12th. Two analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Toronto Dominion Bank presently has an average rating of “Moderate Buy” and an average target price of $93.00.

Toronto Dominion Bank Trading Up 0.7%

Shares of TD stock opened at $108.40 on Tuesday. Toronto Dominion Bank has a 52-week low of $64.12 and a 52-week high of $109.22. The stock has a market cap of $179.52 billion, a price-to-earnings ratio of 11.98, a P/E/G ratio of 1.22 and a beta of 0.71. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.05 and a current ratio of 1.05. The firm has a fifty day moving average of $100.27 and a 200-day moving average of $94.24.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last announced its quarterly earnings data on Thursday, February 26th. The bank reported $1.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.63 by $0.13. The company had revenue of $11.01 billion during the quarter, compared to analysts’ expectations of $10.43 billion. Toronto Dominion Bank had a net margin of 17.52% and a return on equity of 14.29%. The business’s revenue was up 18.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.02 EPS. On average, equities research analysts forecast that Toronto Dominion Bank will post 6.91 earnings per share for the current fiscal year.

Toronto Dominion Bank Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, April 30th. Investors of record on Thursday, April 9th were given a dividend of $1.08 per share. The ex-dividend date was Thursday, April 9th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 4.0%. Toronto Dominion Bank’s dividend payout ratio (DPR) is 34.36%.

Toronto Dominion Bank Company Profile

Toronto-Dominion Bank (TD) is a Canadian multinational banking and financial services company headquartered in Toronto, Ontario. Formed through the 1955 merger of the Bank of Toronto (founded 1855) and the Dominion Bank (founded 1869), TD is one of Canada’s largest banks and offers a broad range of financial products and services to individual, small business, commercial and institutional clients.

TD’s core businesses include Canadian and U.S. personal and commercial banking, wealth management, wholesale banking and insurance.