MFA Wealth Services Has $250,000 Stock Holdings in The Toronto-Dominion Bank (NYSE:TD)

MFA Wealth Services boosted its position in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 4.5% during the 1st quarter, Holdings Channel reports. The institutional investor owned 4,179 shares of the bank’s stock after purchasing an additional 179 shares during the quarter. MFA Wealth Services’ holdings in Toronto-Dominion Bank were worth $250,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Hennessy Advisors Inc. lifted its holdings in Toronto-Dominion Bank by 16.2% during the 1st quarter. Hennessy Advisors Inc. now owns 95,200 shares of the bank’s stock worth $5,706,000 after buying an additional 13,300 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in Toronto-Dominion Bank by 5.8% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 17,054 shares of the bank’s stock worth $1,022,000 after buying an additional 928 shares in the last quarter. Net Worth Advisory Group lifted its holdings in Toronto-Dominion Bank by 13.8% during the 1st quarter. Net Worth Advisory Group now owns 5,994 shares of the bank’s stock worth $359,000 after buying an additional 725 shares in the last quarter. NewGen Asset Management Ltd acquired a new position in Toronto-Dominion Bank during the 1st quarter worth $3,548,000. Finally, Donaldson Capital Management LLC lifted its holdings in Toronto-Dominion Bank by 14.3% during the 1st quarter. Donaldson Capital Management LLC now owns 14,478 shares of the bank’s stock worth $868,000 after buying an additional 1,813 shares in the last quarter. Institutional investors and hedge funds own 52.37% of the company’s stock.

Toronto-Dominion Bank Stock Performance

TD stock opened at $70.80 on Friday. The business’s fifty day moving average is $64.46 and its 200-day moving average is $59.53. 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 company has a market cap of $121.97 billion, a P/E ratio of 20.40, a price-to-earnings-growth ratio of 1.95 and a beta of 0.82. The Toronto-Dominion Bank has a twelve month low of $51.25 and a twelve month high of $71.05.

Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last posted its quarterly earnings results on Thursday, May 22nd. The bank reported $1.39 earnings per share for the quarter, beating analysts’ consensus estimates of $1.25 by $0.14. The company had revenue of $10.97 billion for 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 quarter in the prior year, the business posted $2.04 EPS. Equities research analysts forecast that The Toronto-Dominion Bank will post 5.48 EPS for the current year.

Toronto-Dominion Bank Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Thursday, July 10th will be given a $0.7568 dividend. The ex-dividend date is Thursday, July 10th. This represents a $3.03 dividend on an annualized basis and a dividend yield of 4.28%. This is a boost from Toronto-Dominion Bank’s previous quarterly dividend of $0.73. Toronto-Dominion Bank’s dividend payout ratio is currently 44.72%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Jefferies Financial Group downgraded Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a report on Tuesday, February 18th. Royal Bank of Canada increased their price target on Toronto-Dominion Bank from $87.00 to $93.00 and gave the company a “sector perform” rating in a research note on Friday, May 23rd. Scotiabank initiated coverage on Toronto-Dominion Bank in a research note on Thursday, May 15th. They issued a “sector perform” rating on the stock. Finally, Wall Street Zen raised Toronto-Dominion Bank from a “sell” rating to a “hold” rating in a research note on Saturday, May 24th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $93.00.

Toronto-Dominion Bank Profile

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.