4,225 Shares in Toronto Dominion Bank (The) $TD Acquired by Spartan Wealth Advisory Services LLC

Spartan Wealth Advisory Services LLC purchased a new stake in Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 4,225 shares of the bank’s stock, valued at approximately $394,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Main Line Retirement Advisors LLC grew its stake in Toronto Dominion Bank by 0.8% during the first quarter. Main Line Retirement Advisors LLC now owns 12,254 shares of the bank’s stock worth $1,143,000 after buying an additional 102 shares during the period. Chicago Partners Investment Group LLC raised its stake in shares of Toronto Dominion Bank by 1.8% in the 1st quarter. Chicago Partners Investment Group LLC now owns 5,735 shares of the bank’s stock valued at $535,000 after acquiring an additional 102 shares during the period. Checchi Capital Advisers LLC lifted its holdings in shares of Toronto Dominion Bank by 1.5% during the 1st quarter. Checchi Capital Advisers LLC now owns 7,194 shares of the bank’s stock valued at $671,000 after acquiring an additional 104 shares in the last quarter. Richardson Financial Services Inc. lifted its holdings in shares of Toronto Dominion Bank by 12.4% during the 4th quarter. Richardson Financial Services Inc. now owns 1,104 shares of the bank’s stock valued at $104,000 after acquiring an additional 122 shares in the last quarter. Finally, Valmark Advisers Inc. boosted its position in Toronto Dominion Bank by 0.8% during the 1st quarter. Valmark Advisers Inc. now owns 16,057 shares of the bank’s stock worth $1,498,000 after purchasing an additional 122 shares during the period. 52.37% of the stock is owned by institutional investors and hedge funds.

Toronto Dominion Bank Price Performance

Shares of TD stock opened at $120.36 on Tuesday. The firm has a fifty day simple moving average of $116.27 and a 200-day simple moving average of $104.05. The company has a market capitalization of $198.46 billion, a PE ratio of 18.78, a price-to-earnings-growth ratio of 1.38 and a beta of 0.71. Toronto Dominion Bank has a twelve month low of $72.21 and a twelve month high of $124.87. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.09.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last released its quarterly earnings results on Thursday, May 28th. The bank reported $1.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.63 by $0.11. Toronto Dominion Bank had a net margin of 13.20% and a return on equity of 14.83%. The firm had revenue of $11.80 billion for the quarter, compared to the consensus estimate of $11.04 billion. During the same quarter in the previous year, the firm posted $1.97 EPS. The firm’s quarterly revenue was down 31.1% on a year-over-year basis. Equities research analysts anticipate that Toronto Dominion Bank will post 6.86 earnings per share for the current fiscal year.

Toronto Dominion Bank Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, July 10th will be paid a dividend of $1.12 per share. This is a boost from Toronto Dominion Bank’s previous quarterly dividend of $1.08. This represents a $4.48 annualized dividend and a dividend yield of 3.7%. The ex-dividend date is Friday, July 10th. Toronto Dominion Bank’s payout ratio is 49.14%.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Zacks Research downgraded Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Scotiabank upgraded 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 Toronto Dominion Bank from a “market perform” rating to an “outperform” rating in a research report on Tuesday, May 12th. Wall Street Zen lowered Toronto Dominion Bank from a “hold” rating to a “sell” rating in a research note on Saturday, May 23rd. Finally, Royal Bank Of Canada raised their target price on Toronto Dominion Bank from $138.00 to $156.00 and gave the company an “outperform” rating in a report on Monday, June 1st. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $156.00.

Toronto Dominion Bank Company 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.