Toronto Dominion Bank (The) $TD is Godsey & Gibb Inc.’s 8th Largest Position

Godsey & Gibb Inc. decreased its stake in Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 5.7% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 306,209 shares of the bank’s stock after selling 18,597 shares during the period. Toronto Dominion Bank accounts for about 2.5% of Godsey & Gibb Inc.’s holdings, making the stock its 8th biggest position. Godsey & Gibb Inc.’s holdings in Toronto Dominion Bank were worth $28,572,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TD. Bayban bought a new position in shares of Toronto Dominion Bank during the 4th quarter valued at approximately $28,000. Harvest Fund Management Co. Ltd lifted its stake in Toronto Dominion Bank by 112.8% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 317 shares of the bank’s stock valued at $30,000 after purchasing an additional 168 shares during the last quarter. CBIZ Investment Advisory Services LLC purchased a new position in Toronto Dominion Bank in the fourth quarter valued at approximately $34,000. Smartleaf Asset Management LLC grew its holdings in Toronto Dominion Bank by 660.9% during the second quarter. Smartleaf Asset Management LLC now owns 525 shares of the bank’s stock valued at $38,000 after purchasing an additional 456 shares during the period. Finally, Cornerstone Planning Group LLC grew its holdings in Toronto Dominion Bank by 177.9% during the fourth quarter. Cornerstone Planning Group LLC now owns 428 shares of the bank’s stock valued at $40,000 after purchasing an additional 274 shares during the period. 52.37% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on TD. Royal Bank Of Canada upped their price target on Toronto Dominion Bank from $138.00 to $156.00 and gave the company an “outperform” rating in a research report on Monday, June 1st. Raymond James Financial raised shares of Toronto Dominion Bank from a “market perform” rating to an “outperform” rating in a report on Tuesday, May 12th. Zacks Research lowered shares of Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Weiss Ratings lowered shares of Toronto Dominion Bank from a “buy (b+)” rating to a “buy (b)” rating in a research report on Thursday, June 11th. Finally, Wall Street Zen cut shares of Toronto Dominion Bank from a “hold” rating to a “sell” rating in a report on Saturday, May 23rd. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Toronto Dominion Bank currently has a consensus rating of “Moderate Buy” and an average target price of $156.00.

Toronto Dominion Bank Stock Down 0.1%

TD opened at $119.44 on Wednesday. The firm has a market capitalization of $197.37 billion, a P/E ratio of 18.63, a price-to-earnings-growth ratio of 1.32 and a beta of 0.72. Toronto Dominion Bank has a one year low of $71.30 and a one year high of $120.27. The company has a fifty day moving average price of $110.41 and a 200-day moving average price of $100.16. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.04 and a quick ratio of 1.04.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last issued its quarterly earnings data on Thursday, May 28th. The bank reported $1.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.63 by $0.11. The company had revenue of $11.80 billion for the quarter, compared to the consensus estimate of $11.04 billion. Toronto Dominion Bank had a return on equity of 14.83% and a net margin of 13.20%.The firm’s revenue was down 31.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.97 earnings per share. Equities research analysts expect that Toronto Dominion Bank will post 6.92 earnings per share for the current fiscal year.

Toronto Dominion Bank Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, July 10th will be issued a dividend of $1.12 per share. The ex-dividend date of this dividend is Friday, July 10th. This is a positive change from Toronto Dominion Bank’s previous quarterly dividend of $1.08. This represents a $4.48 annualized dividend and a dividend yield of 3.8%. Toronto Dominion Bank’s payout ratio is presently 50.55%.

Toronto Dominion Bank 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.