Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Buys 400 Shares of Toronto Dominion Bank (The) (NYSE:TD)

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its stake in Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 55.7% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,118 shares of the bank’s stock after purchasing an additional 400 shares during the quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Toronto Dominion Bank were worth $69,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Financial Management Professionals Inc. grew its position in shares of Toronto Dominion Bank by 322.4% in the 1st quarter. Financial Management Professionals Inc. now owns 490 shares of the bank’s stock worth $29,000 after buying an additional 374 shares during the period. Lee Danner & Bass Inc. purchased a new position in shares of Toronto Dominion Bank during the fourth quarter valued at approximately $27,000. Moisand Fitzgerald Tamayo LLC purchased a new position in shares of Toronto Dominion Bank during the first quarter valued at approximately $32,000. ORG Partners LLC purchased a new position in shares of Toronto Dominion Bank during the first quarter valued at approximately $34,000. Finally, CoreCap Advisors LLC lifted its holdings 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 valued at $34,000 after purchasing an additional 230 shares during the last quarter. 52.37% of the stock is currently owned by institutional investors.

Toronto Dominion Bank Stock Performance

Shares of TD stock opened at $72.57 on Friday. Toronto Dominion Bank has a one year low of $51.25 and a one year high of $73.06. The company’s 50-day moving average is $67.03 and its 200 day moving average is $60.66. The company has a market capitalization of $124.85 billion, a price-to-earnings ratio of 10.64, a price-to-earnings-growth ratio of 1.78 and a beta of 0.82. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.03 and a current ratio of 1.03.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last announced its quarterly earnings data on Thursday, May 22nd. The bank reported $1.39 EPS for the quarter, beating the consensus estimate 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 net margin of 13.53% and a return on equity of 13.11%. During the same period in the prior year, the firm posted $2.04 EPS. Sell-side analysts expect that Toronto Dominion Bank will post 5.48 EPS for the current fiscal year.

Toronto Dominion Bank Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Thursday, July 10th will be issued a dividend of $0.7568 per share. This represents a $3.03 dividend on an annualized basis and a dividend yield of 4.17%. The ex-dividend date of this dividend is Thursday, July 10th. This is an increase from Toronto Dominion Bank’s previous quarterly dividend of $0.73. Toronto Dominion Bank’s dividend payout ratio (DPR) is presently 42.82%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on TD shares. Royal Bank Of Canada lifted their target price on shares of Toronto Dominion Bank from $87.00 to $93.00 and gave the company a “sector perform” rating in a report on Friday, May 23rd. Wall Street Zen raised shares of Toronto Dominion Bank from a “sell” rating to a “hold” rating in a research report on Saturday, May 24th. Finally, Scotiabank started coverage on shares of Toronto Dominion Bank in a research report on Thursday, May 15th. They set a “sector perform” rating on the stock. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Toronto Dominion Bank has a consensus rating of “Hold” and an average target price of $93.00.

Toronto Dominion Bank Company 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.