State of Wyoming Boosts Stock Holdings in Toronto Dominion Bank (The) $TD

State of Wyoming lifted its position in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 1,018.7% in the 1st quarter, Holdings Channel reports. The fund owned 22,765 shares of the bank’s stock after buying an additional 20,730 shares during the quarter. Toronto Dominion Bank accounts for approximately 0.3% of State of Wyoming’s holdings, making the stock its 26th largest position. State of Wyoming’s holdings in Toronto Dominion Bank were worth $2,119,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Bayban purchased a new position in shares of Toronto Dominion Bank in the fourth quarter valued at $28,000. Harvest Fund Management Co. Ltd lifted its stake in Toronto Dominion Bank by 112.8% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 317 shares of the bank’s stock worth $30,000 after purchasing an additional 168 shares in the last quarter. CBIZ Investment Advisory Services LLC bought a new position in Toronto Dominion Bank in the 4th quarter valued at $34,000. Brown Lisle Cummings Inc. raised its holdings in shares of Toronto Dominion Bank by 88.4% in the 1st quarter. Brown Lisle Cummings Inc. now owns 407 shares of the bank’s stock valued at $38,000 after acquiring an additional 191 shares in the last quarter. Finally, Smartleaf Asset Management LLC increased its holdings in shares of Toronto Dominion Bank by 660.9% in the 2nd quarter. Smartleaf Asset Management LLC now owns 525 shares of the bank’s stock worth $38,000 after buying an additional 456 shares during the last quarter. 52.37% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have commented on TD shares. Zacks Research cut shares of Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Raymond James Financial upgraded Toronto Dominion Bank from a “market perform” rating to an “outperform” rating in a report on Tuesday, May 12th. Scotiabank raised shares of Toronto Dominion Bank from a “sector perform” rating to a “sector outperform” rating in a research note on Monday, May 4th. Royal Bank Of Canada upped their price target on Toronto Dominion Bank from $138.00 to $156.00 and gave the stock an “outperform” rating in a research note on Monday, June 1st. Finally, Wall Street Zen lowered shares of Toronto Dominion Bank from a “hold” rating to a “sell” rating in a research note on Saturday, May 23rd. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $156.00.

Toronto Dominion Bank Stock Performance

Shares of TD opened at $121.23 on Thursday. Toronto Dominion Bank has a 12 month low of $72.21 and a 12 month high of $124.87. The business’s fifty day simple moving average is $116.82 and its two-hundred day simple moving average is $104.43. The company has a market cap of $199.40 billion, a price-to-earnings ratio of 18.91, a P/E/G ratio of 1.34 and a beta of 0.71. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.09.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last issued its earnings results on Thursday, May 28th. The bank reported $1.74 earnings per share for the quarter, topping analysts’ consensus estimates of $1.63 by $0.11. Toronto Dominion Bank had a return on equity of 14.83% and a net margin of 13.20%.The business had revenue of $11.80 billion during the quarter, compared to analyst estimates of $11.04 billion. During the same quarter in the previous year, the firm earned $1.97 EPS. Toronto Dominion Bank’s revenue was down 31.1% on a year-over-year basis. Research analysts anticipate that Toronto Dominion Bank will post 6.86 earnings per share for the current fiscal year.

Toronto Dominion Bank Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, July 10th will be given a dividend of $1.12 per share. This represents a $4.48 dividend on an annualized basis and a yield of 3.7%. This is a boost from Toronto Dominion Bank’s previous quarterly dividend of $1.08. The ex-dividend date is Friday, July 10th. Toronto Dominion Bank’s dividend payout ratio (DPR) is currently 49.14%.

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.