Toronto-Dominion Bank (NYSE:TD) (TSE:TD) announced its quarterly earnings results on Thursday. The bank reported $1.75 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.25 by $0.50, Briefing.com reports. Toronto-Dominion Bank had a return on equity of 16.36% and a net margin of 20.48%. The business had revenue of $10.23 billion during the quarter, compared to the consensus estimate of $9.46 billion. During the same quarter in the prior year, the company posted $1.62 earnings per share. Toronto-Dominion Bank’s revenue was up 8.0% compared to the same quarter last year.
TD stock opened at $56.01 on Friday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.93 and a current ratio of 0.93. Toronto-Dominion Bank has a 1-year low of $47.73 and a 1-year high of $62.00. The firm has a market capitalization of $101.38 billion, a price-to-earnings ratio of 11.14, a price-to-earnings-growth ratio of 1.78 and a beta of 1.06.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Wednesday, April 10th were given a $0.564 dividend. The ex-dividend date of this dividend was Tuesday, April 9th. This represents a $2.26 annualized dividend and a yield of 4.03%. This is a boost from Toronto-Dominion Bank’s previous quarterly dividend of $0.51. Toronto-Dominion Bank’s payout ratio is currently 44.14%.
Hedge funds have recently bought and sold shares of the business. Monte Financial Group LLC boosted its position in Toronto-Dominion Bank by 101.8% in the first quarter. Monte Financial Group LLC now owns 51,739 shares of the bank’s stock worth $2,811,000 after purchasing an additional 26,098 shares during the last quarter. Natixis Advisors L.P. boosted its position in Toronto-Dominion Bank by 25.2% in the fourth quarter. Natixis Advisors L.P. now owns 44,812 shares of the bank’s stock worth $2,228,000 after purchasing an additional 9,014 shares during the last quarter. IHT Wealth Management LLC boosted its position in Toronto-Dominion Bank by 3.9% in the fourth quarter. IHT Wealth Management LLC now owns 6,439 shares of the bank’s stock worth $320,000 after purchasing an additional 244 shares during the last quarter. Canada Pension Plan Investment Board boosted its position in Toronto-Dominion Bank by 129.3% in the fourth quarter. Canada Pension Plan Investment Board now owns 953,875 shares of the bank’s stock worth $47,389,000 after purchasing an additional 537,965 shares during the last quarter. Finally, DT Investment Partners LLC lifted its position in shares of Toronto-Dominion Bank by 1.5% during the 4th quarter. DT Investment Partners LLC now owns 58,106 shares of the bank’s stock valued at $2,889,000 after buying an additional 840 shares during the last quarter. 48.54% of the stock is currently owned by institutional investors and hedge funds.
About Toronto-Dominion Bank
The Toronto-Dominion Bank, together with its subsidiaries, provides various personal and commercial banking products and services in Canada and the United States. The company operates through three segments: Canadian Retail, U.S. Retail, and Wholesale Banking. It offers personal deposits, such as checking, savings, and investment products; financing, investment, cash management, international trade, and day-to-day banking services to businesses; financing options to customers at point of sale for automotive and recreational vehicle purchases through auto dealer network; credit cards; investing, advice-based, and asset management services to retail and institutional clients; and property and casualty insurance, as well as life and health insurance products.
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