One Capital Management LLC Buys New Position in Toronto Dominion Bank (The) $TD

One Capital Management LLC bought a new stake in Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 7,269 shares of the bank’s stock, valued at approximately $686,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Main Line Retirement Advisors LLC grew its position in Toronto Dominion Bank by 0.9% in the 4th quarter. Main Line Retirement Advisors LLC now owns 12,152 shares of the bank’s stock valued at $1,145,000 after buying an additional 109 shares in the last quarter. Rosenberg Matthew Hamilton grew its position in Toronto Dominion Bank by 8.6% in the 4th quarter. Rosenberg Matthew Hamilton now owns 1,489 shares of the bank’s stock valued at $140,000 after buying an additional 118 shares in the last quarter. Richardson Financial Services Inc. grew its position in Toronto Dominion Bank by 12.4% in the 4th quarter. Richardson Financial Services Inc. now owns 1,104 shares of the bank’s stock valued at $104,000 after buying an additional 122 shares in the last quarter. Commons Capital LLC grew its position in Toronto Dominion Bank by 0.7% in the 3rd quarter. Commons Capital LLC now owns 18,251 shares of the bank’s stock valued at $1,459,000 after buying an additional 134 shares in the last quarter. Finally, CIBC Private Wealth Group LLC boosted its position in shares of Toronto Dominion Bank by 4.8% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 2,912 shares of the bank’s stock valued at $233,000 after purchasing an additional 134 shares in the last quarter. Institutional investors own 52.37% of the company’s stock.

Toronto Dominion Bank Stock Performance

Toronto Dominion Bank stock opened at $113.73 on Friday. The firm’s 50 day simple moving average is $104.79 and its 200-day simple moving average is $97.02. The company has a market cap of $187.94 billion, a P/E ratio of 17.74, a price-to-earnings-growth ratio of 1.24 and a beta of 0.72. 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 has a fifty-two week low of $69.56 and a fifty-two week high of $114.56.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last released its earnings results on Thursday, May 28th. The bank reported $1.74 earnings per share for the quarter, topping the consensus estimate of $1.63 by $0.11. The business had revenue of $11.80 billion for the quarter, compared to the consensus estimate of $11.04 billion. Toronto Dominion Bank had a net margin of 13.20% and a return on equity of 14.83%. The firm’s quarterly revenue was down 31.1% compared to the same quarter last year. During the same period last year, the firm posted $1.97 earnings per share. As a group, equities research analysts predict that Toronto Dominion Bank will post 6.92 EPS for the current year.

Toronto Dominion Bank Increases Dividend

The company also recently announced 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 annualized dividend and a dividend yield of 3.9%. This is an increase from Toronto Dominion Bank’s previous quarterly dividend of $1.08. The ex-dividend date of this dividend is Friday, July 10th. Toronto Dominion Bank’s payout ratio is 48.52%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Canadian Imperial Bank of Commerce lowered shares of Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 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. Raymond James Financial raised shares of Toronto Dominion Bank from a “market perform” rating to an “outperform” rating in a research note on Tuesday, May 12th. Wall Street Zen cut Toronto Dominion Bank from a “hold” rating to a “sell” rating in a report on Saturday, May 23rd. Finally, Weiss Ratings cut Toronto Dominion Bank from a “buy (a-)” rating to a “buy (b+)” rating in a report on Friday, May 29th. One 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. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $156.00.

About Toronto Dominion Bank

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.