Canerector Inc. Takes Position in The Toronto-Dominion Bank (NYSE:TD)

Canerector Inc. bought a new stake in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 200,000 shares of the bank’s stock, valued at approximately $10,648,000. Toronto-Dominion Bank makes up about 16.6% of Canerector Inc.’s portfolio, making the stock its 3rd largest position.

Several other large investors also recently modified their holdings of the business. Lee Danner & Bass Inc. bought a new position in shares of Toronto-Dominion Bank during the fourth quarter worth about $27,000. Bank of Jackson Hole Trust bought a new position in shares of Toronto-Dominion Bank during the fourth quarter worth about $32,000. CoreCap Advisors LLC lifted its position in shares of Toronto-Dominion Bank by 57.5% during the fourth quarter. CoreCap Advisors LLC now owns 630 shares of the bank’s stock worth $34,000 after purchasing an additional 230 shares during the last quarter. Murphy & Mullick Capital Management Corp bought a new position in shares of Toronto-Dominion Bank during the fourth quarter worth about $39,000. Finally, SBI Securities Co. Ltd. bought a new position in shares of Toronto-Dominion Bank during the fourth quarter worth about $51,000. 52.37% of the stock is currently owned by institutional investors and hedge funds.

Toronto-Dominion Bank Stock Performance

Shares of TD stock opened at $67.70 on Monday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.11. The business has a 50 day moving average of $61.38 and a two-hundred day moving average of $58.15. The company has a market cap of $117.51 billion, a P/E ratio of 19.51, a PEG ratio of 1.95 and a beta of 0.81. The Toronto-Dominion Bank has a 52 week low of $51.25 and a 52 week high of $68.05.

Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last issued its quarterly earnings data on Thursday, May 22nd. The bank reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.25 by $0.14. The business had revenue of $10.97 billion during the quarter, compared to the consensus estimate of $13.36 billion. Toronto-Dominion Bank had a return on equity of 13.96% and a net margin of 7.37%. During the same period in the previous year, the firm posted $2.04 earnings per share. As a group, analysts anticipate that The Toronto-Dominion Bank will post 5.48 EPS for the current year.

Toronto-Dominion Bank Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Thursday, July 10th will be given a dividend of $0.7568 per share. The ex-dividend date is Thursday, July 10th. This is an increase from Toronto-Dominion Bank’s previous quarterly dividend of $0.73. This represents a $3.03 annualized dividend and a dividend yield of 4.47%. Toronto-Dominion Bank’s payout ratio is currently 42.67%.

Wall Street Analysts Forecast Growth

TD has been the topic of several research analyst reports. Royal Bank of Canada increased their price target on shares of Toronto-Dominion Bank from $87.00 to $93.00 and gave the stock a “sector perform” rating in a research report on Friday. Wall Street Zen raised shares of Toronto-Dominion Bank from a “sell” rating to a “hold” rating in a report on Saturday. Scotiabank initiated coverage on Toronto-Dominion Bank in a research note on Thursday, May 15th. They issued a “sector perform” rating for the company. Finally, Jefferies Financial Group downgraded Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a research note on Tuesday, February 18th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $93.00.

About Toronto-Dominion Bank

The Toronto-Dominion Bank, together with its subsidiaries, provides various financial products and services in Canada, the United States, and internationally. It operates through four segments: Canadian Personal and Commercial Banking, U.S. Retail, Wealth Management and Insurance, and Wholesale Banking.