QS Investors LLC grew its holdings in Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 13.8% during the 4th quarter, Holdings Channel reports. The fund owned 138,600 shares of the bank’s stock after purchasing an additional 16,856 shares during the period. QS Investors LLC’s holdings in Toronto-Dominion Bank were worth $8,054,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also added to or reduced their stakes in the company. Icon Wealth Partners LLC purchased a new stake in shares of Toronto-Dominion Bank in the 4th quarter valued at $102,000. Calton & Associates Inc. purchased a new stake in Toronto-Dominion Bank during the fourth quarter worth $141,000. Teachers Advisors LLC boosted its holdings in Toronto-Dominion Bank by 3.7% during the second quarter. Teachers Advisors LLC now owns 2,556 shares of the bank’s stock worth $129,000 after buying an additional 92 shares in the last quarter. Financial Gravity Companies Inc. purchased a new stake in Toronto-Dominion Bank during the fourth quarter worth $176,000. Finally, Buckingham Asset Management LLC purchased a new position in Toronto-Dominion Bank during the fourth quarter valued at $204,000. 49.78% of the stock is currently owned by institutional investors and hedge funds.
TD has been the topic of several recent analyst reports. Zacks Investment Research raised shares of Toronto-Dominion Bank from a “sell” rating to a “hold” rating in a report on Saturday, November 18th. Scotiabank reaffirmed a “buy” rating and set a $83.00 price objective on shares of Toronto-Dominion Bank in a report on Wednesday, November 22nd. Canaccord Genuity reaffirmed a “buy” rating and set a $80.00 price objective on shares of Toronto-Dominion Bank in a report on Thursday, November 30th. Bank of America increased their price objective on shares of Toronto-Dominion Bank from $71.00 to $87.00 and gave the company a “buy” rating in a report on Tuesday, January 30th. Finally, CIBC raised shares of Toronto-Dominion Bank from a “neutral” rating to an “outperform” rating in a report on Thursday, February 1st. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Toronto-Dominion Bank currently has an average rating of “Buy” and a consensus price target of $77.20.
Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last posted its quarterly earnings data on Thursday, March 1st. The bank reported $1.23 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.17 by $0.06. The business had revenue of $9.36 billion for the quarter, compared to the consensus estimate of $8.96 billion. Toronto-Dominion Bank had a net margin of 22.12% and a return on equity of 15.76%. The company’s revenue was up 2.6% compared to the same quarter last year. During the same period last year, the firm posted $1.33 earnings per share. equities research analysts predict that Toronto-Dominion Bank will post 4.84 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, April 30th. Stockholders of record on Tuesday, April 10th will be given a $0.522 dividend. This represents a $2.09 dividend on an annualized basis and a dividend yield of 3.53%. This is a boost from Toronto-Dominion Bank’s previous quarterly dividend of $0.47. The ex-dividend date of this dividend is Monday, April 9th. Toronto-Dominion Bank’s dividend payout ratio is 46.43%.
Toronto-Dominion Bank Profile
Toronto-Dominion Bank (the Bank) is a Canada-based bank, which operates in the North America. It is an online financial services firm, with over 10.2 million online and mobile customers. Its segments include Canadian Retail, U.S. Retail, Wholesale Banking and Corporate. The Canadian Retail segment provides a range of financial products and services to customers in the Canadian personal and commercial banking businesses.
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