Toronto Dominion Bank (The) $TD Shares Purchased by Vise Technologies Inc.

Vise Technologies Inc. increased its position in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 53.7% in the fourth quarter, HoldingsChannel reports. The firm owned 44,734 shares of the bank’s stock after acquiring an additional 15,628 shares during the quarter. Vise Technologies Inc.’s holdings in Toronto Dominion Bank were worth $4,214,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. CBIZ Investment Advisory Services LLC acquired a new stake in shares of Toronto Dominion Bank during the fourth quarter worth about $34,000. Smartleaf Asset Management LLC lifted its holdings in shares of Toronto Dominion Bank by 660.9% during the second quarter. Smartleaf Asset Management LLC now owns 525 shares of the bank’s stock worth $38,000 after purchasing an additional 456 shares during the period. Cornerstone Planning Group LLC lifted its holdings in shares of Toronto Dominion Bank by 177.9% during the fourth quarter. Cornerstone Planning Group LLC now owns 428 shares of the bank’s stock worth $40,000 after purchasing an additional 274 shares during the period. Sound Income Strategies LLC lifted its holdings in shares of Toronto Dominion Bank by 80.6% during the fourth quarter. Sound Income Strategies LLC now owns 466 shares of the bank’s stock worth $44,000 after purchasing an additional 208 shares during the period. Finally, Murphy & Mullick Capital Management Corp acquired a new stake in shares of Toronto Dominion Bank during the third quarter worth about $48,000. Institutional investors and hedge funds own 52.37% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on TD shares. Scotiabank raised Toronto Dominion Bank from a “sector perform” rating to a “sector outperform” rating in a report on Monday, May 4th. Wall Street Zen cut Toronto Dominion Bank from a “hold” rating to a “sell” rating in a research report on Saturday, May 23rd. Canadian Imperial Bank of Commerce cut Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 12th. Royal Bank Of Canada lifted 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. Finally, Zacks Research cut Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $156.00.

Toronto Dominion Bank Stock Down 0.4%

Toronto Dominion Bank stock opened at $113.26 on Friday. The stock has a market capitalization of $187.15 billion, a PE ratio of 17.67, a price-to-earnings-growth ratio of 1.26 and a beta of 0.72. Toronto Dominion Bank has a 12 month low of $69.86 and a 12 month high of $114.56. The business has a 50 day simple moving average of $105.17 and a 200-day simple moving average of $97.14. 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 posted its quarterly earnings data on Thursday, May 28th. The bank reported $1.74 EPS for the quarter, beating analysts’ consensus estimates of $1.63 by $0.11. The business had revenue of $11.80 billion during the quarter, compared to analysts’ expectations of $11.04 billion. Toronto Dominion Bank had a return on equity of 14.83% and a net margin of 13.20%.The business’s revenue was down 31.1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.97 earnings per share. On average, analysts anticipate that Toronto Dominion Bank will post 6.92 EPS 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 given a $1.12 dividend. This represents a $4.48 dividend on an annualized basis and a dividend yield of 4.0%. 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 presently 48.52%.

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.