Davis Rea LTD. lessened its stake in Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 0.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 219,786 shares of the bank’s stock after selling 940 shares during the period. Toronto-Dominion Bank accounts for 7.0% of Davis Rea LTD.’s portfolio, making the stock its largest holding. Davis Rea LTD.’s holdings in Toronto-Dominion Bank were worth $11,927,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds also recently bought and sold shares of the company. Capital Investment Advisory Services LLC bought a new stake in shares of Toronto-Dominion Bank during the 4th quarter valued at $27,000. Country Trust Bank acquired a new position in shares of Toronto-Dominion Bank in the 4th quarter valued at $35,000. Patriot Financial Group Insurance Agency LLC grew its holdings in shares of Toronto-Dominion Bank by 24.9% in the 4th quarter. Patriot Financial Group Insurance Agency LLC now owns 902 shares of the bank’s stock valued at $45,000 after buying an additional 180 shares during the period. Sageworth Trust Co acquired a new position in shares of Toronto-Dominion Bank in the 1st quarter valued at $48,000. Finally, Portfolio Solutions LLC acquired a new position in shares of Toronto-Dominion Bank in the 4th quarter valued at $50,000. Hedge funds and other institutional investors own 48.83% of the company’s stock.
TD has been the subject of a number of research analyst reports. Zacks Investment Research lowered shares of Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a research note on Wednesday, April 24th. BMO Capital Markets restated a “buy” rating on shares of Toronto-Dominion Bank in a research note on Thursday, February 28th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. Toronto-Dominion Bank presently has a consensus rating of “Hold” and a consensus target price of $60.00.
Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last issued its earnings results on Thursday, February 28th. The bank reported $1.18 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.31 by ($0.13). The firm had revenue of $7.51 billion during the quarter, compared to the consensus estimate of $7.35 billion. Toronto-Dominion Bank had a net margin of 20.48% and a return on equity of 16.36%. As a group, equities analysts forecast that Toronto-Dominion Bank will post 5.18 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Wednesday, April 10th were issued a $0.564 dividend. This is a boost from Toronto-Dominion Bank’s previous quarterly dividend of $0.51. This represents a $2.26 annualized dividend and a yield of 3.96%. The ex-dividend date was Tuesday, April 9th. Toronto-Dominion Bank’s dividend payout ratio is currently 44.14%.
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About Toronto-Dominion Bank
The Toronto-Dominion Bank, together with its subsidiaries, provides various personal and commercial banking products and services in Canada and the United States. The company operates through three segments: Canadian Retail, U.S. Retail, and Wholesale Banking. It offers personal deposits, such as checking, savings, and investment products; financing, investment, cash management, international trade, and day-to-day banking services to 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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