Burney Co. decreased its position in Toronto–Dominion Bank (NYSE:TD) (TSE:TD) by 9.5% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 13,920 shares of the bank’s stock after selling 1,454 shares during the period. Burney Co.’s holdings in Toronto–Dominion Bank were worth $791,000 as of its most recent filing with the SEC.
A number of other large investors have also recently bought and sold shares of TD. Mackenzie Financial Corp increased its stake in shares of Toronto–Dominion Bank by 166.9% during the 4th quarter. Mackenzie Financial Corp now owns 21,264,327 shares of the bank’s stock worth $1,245,664,000 after purchasing an additional 13,296,812 shares during the last quarter. CIBC Asset Management Inc increased its stake in shares of Toronto–Dominion Bank by 32.0% during the 4th quarter. CIBC Asset Management Inc now owns 15,197,616 shares of the bank’s stock worth $894,188,000 after purchasing an additional 3,687,174 shares during the last quarter. Picton Mahoney Asset Management purchased a new stake in shares of Toronto–Dominion Bank during the 4th quarter worth approximately $259,976,000. The Manufacturers Life Insurance Company increased its stake in shares of Toronto–Dominion Bank by 27.7% during the 4th quarter. The Manufacturers Life Insurance Company now owns 16,261,914 shares of the bank’s stock worth $952,623,000 after purchasing an additional 3,527,079 shares during the last quarter. Finally, William Blair Investment Management LLC increased its stake in shares of Toronto–Dominion Bank by 136.3% during the 4th quarter. William Blair Investment Management LLC now owns 4,885,591 shares of the bank’s stock worth $286,853,000 after purchasing an additional 2,818,050 shares during the last quarter. Hedge funds and other institutional investors own 48.92% of the company’s stock.
Several brokerages have recently issued reports on TD. Zacks Investment Research lowered shares of Toronto–Dominion Bank from a “buy” rating to a “hold” rating in a research note on Thursday. Desjardins upgraded shares of Toronto–Dominion Bank from a “hold” rating to a “buy” rating in a research note on Friday, March 2nd. ValuEngine lowered shares of Toronto–Dominion Bank from a “buy” rating to a “hold” rating in a research note on Tuesday, April 3rd. Finally, Bank of America raised their price target on shares of Toronto–Dominion Bank from $71.00 to $87.00 and gave the stock a “buy” rating in a research note on Tuesday, January 30th. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Toronto–Dominion Bank presently has a consensus rating of “Buy” and an average target price of $76.60.
Toronto–Dominion Bank (NYSE:TD) (TSE:TD) last released its quarterly earnings data on Thursday, March 1st. The bank reported $1.23 earnings per share for the quarter, beating analysts’ consensus estimates of $1.17 by $0.06. Toronto–Dominion Bank had a net margin of 22.12% and a return on equity of 15.76%. The business had revenue of $9.36 billion during the quarter, compared to analyst estimates of $8.96 billion. During the same period in the previous year, the business earned $1.33 EPS. Toronto–Dominion Bank’s revenue was up 2.6% compared to the same quarter last year. sell-side analysts forecast that Toronto–Dominion Bank will post 4.84 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 30th. Investors of record on Tuesday, April 10th were paid a $0.522 dividend. This represents a $2.09 dividend on an annualized basis and a yield of 3.54%. This is a positive change from Toronto–Dominion Bank’s previous quarterly dividend of $0.47. The ex-dividend date of this dividend was Monday, April 9th. Toronto–Dominion Bank’s payout ratio is currently 49.06%.
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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