Dimensional Fund Advisors LP grew its stake in shares of Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 2.8% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 882,134 shares of the bank’s stock after purchasing an additional 24,429 shares during the period. Dimensional Fund Advisors LP’s holdings in Toronto-Dominion Bank were worth $50,149,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Icon Wealth Partners LLC purchased a new stake in shares of Toronto-Dominion Bank during the 4th quarter worth $102,000. Synovus Financial Corp purchased a new stake in shares of Toronto-Dominion Bank during the 1st quarter worth $102,000. Financial Gravity Companies Inc. purchased a new stake in shares of Toronto-Dominion Bank during the 4th quarter worth $176,000. Buckingham Asset Management LLC purchased a new stake in shares of Toronto-Dominion Bank during the 4th quarter worth $204,000. Finally, Lake Street Advisors Group LLC purchased a new stake in shares of Toronto-Dominion Bank during the 4th quarter worth $238,000. Institutional investors own 48.61% of the company’s stock.
Toronto-Dominion Bank opened at $57.48 on Wednesday, MarketBeat reports. Toronto-Dominion Bank has a 52 week low of $49.33 and a 52 week high of $75.46. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.91 and a current ratio of 0.91. The stock has a market capitalization of $107.01 billion, a P/E ratio of 13.56, a price-to-earnings-growth ratio of 1.05 and a beta of 0.96.
Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last released its quarterly earnings data on Thursday, May 24th. The bank reported $1.62 EPS for the quarter, topping the consensus estimate of $1.17 by $0.45. Toronto-Dominion Bank had a net margin of 22.03% and a return on equity of 16.50%. The business had revenue of $9.47 billion for the quarter, compared to analyst estimates of $8.76 billion. During the same period in the previous year, the firm earned $1.34 EPS. The business’s revenue for the quarter was up 11.7% compared to the same quarter last year. analysts forecast that Toronto-Dominion Bank will post 4.9 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 31st. Investors of record on Tuesday, July 10th will be given a $0.5239 dividend. The ex-dividend date of this dividend is Monday, July 9th. This is a positive change from Toronto-Dominion Bank’s previous quarterly dividend of $0.52. This represents a $2.10 annualized dividend and a dividend yield of 3.65%. Toronto-Dominion Bank’s payout ratio is currently 49.06%.
Several brokerages have commented on TD. Zacks Investment Research lowered shares of Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a research report on Thursday, May 17th. Desjardins upgraded shares of Toronto-Dominion Bank from a “hold” rating to a “buy” rating in a research report on Friday, March 2nd. Finally, ValuEngine lowered shares of Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a research report on Tuesday, April 3rd. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $79.00.
Toronto-Dominion Bank Company Profile
The Toronto-Dominion Bank, together with its subsidiaries, provides various personal and commercial banking products and services in Canada and the United States. It operates through three segments: Canadian Retail, U.S. Retail, and Wholesale Banking. The company offers personal deposits, such as checking, savings, and investment products; financing, investment, cash management, international trade, and day-to-day banking services to small, medium, and large 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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