Passumpsic Savings Bank Makes New Investment in Toronto Dominion Bank (The) $TD

Passumpsic Savings Bank purchased a new position in Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 7,960 shares of the bank’s stock, valued at approximately $750,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Smartleaf Asset Management LLC raised its position in shares of Toronto Dominion Bank by 660.9% during the 2nd quarter. Smartleaf Asset Management LLC now owns 525 shares of the bank’s stock valued at $38,000 after purchasing an additional 456 shares during the period. Cornerstone Planning Group LLC raised its position in shares of Toronto Dominion Bank by 177.9% during the 4th quarter. Cornerstone Planning Group LLC now owns 428 shares of the bank’s stock valued at $40,000 after purchasing an additional 274 shares during the period. Sound Income Strategies LLC raised its position in shares of Toronto Dominion Bank by 80.6% during the 4th quarter. Sound Income Strategies LLC now owns 466 shares of the bank’s stock valued at $44,000 after purchasing an additional 208 shares during the period. Murphy & Mullick Capital Management Corp bought a new stake in shares of Toronto Dominion Bank during the 3rd quarter valued at $48,000. Finally, Sunbelt Securities Inc. raised its position in shares of Toronto Dominion Bank by 232.6% during the 3rd quarter. Sunbelt Securities Inc. now owns 715 shares of the bank’s stock valued at $57,000 after purchasing an additional 500 shares during the period. 52.37% of the stock is currently owned by institutional investors.

Toronto Dominion Bank Stock Performance

Shares of NYSE TD opened at $107.69 on Monday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.05 and a current ratio of 1.05. The company has a market cap of $178.34 billion, a P/E ratio of 11.90, a P/E/G ratio of 1.22 and a beta of 0.71. The firm’s fifty day moving average is $100.04 and its two-hundred day moving average is $94.06. Toronto Dominion Bank has a 52-week low of $64.12 and a 52-week high of $109.22.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last announced its quarterly earnings results on Thursday, February 26th. The bank reported $1.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.63 by $0.13. The company had revenue of $11.01 billion for the quarter, compared to the consensus estimate of $10.43 billion. Toronto Dominion Bank had a net margin of 17.52% and a return on equity of 14.29%. Toronto Dominion Bank’s revenue for the quarter was up 18.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.02 EPS. As a group, analysts anticipate that Toronto Dominion Bank will post 6.91 EPS for the current fiscal year.

Toronto Dominion Bank Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 30th. Shareholders of record on Thursday, April 9th were issued a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date was Thursday, April 9th. Toronto Dominion Bank’s payout ratio is currently 34.25%.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Scotiabank upgraded shares of Toronto Dominion Bank from a “sector perform” rating to a “sector outperform” rating in a research report on Monday, May 4th. Canadian Imperial Bank of Commerce downgraded shares of Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 12th. Weiss Ratings upgraded shares of Toronto Dominion Bank from a “buy (b)” rating to a “buy (a-)” rating in a research report on Friday, March 27th. Wall Street Zen upgraded shares of Toronto Dominion Bank from a “sell” rating to a “hold” rating in a research report on Saturday, April 25th. Finally, Raymond James Financial upgraded shares of Toronto Dominion Bank from a “market perform” rating to an “outperform” rating in a research report on Tuesday, May 12th. Two equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $93.00.

Toronto Dominion Bank Company Profile

Toronto-Dominion Bank (TD) is a Canadian multinational banking and financial services company headquartered in Toronto, Ontario. Formed through the 1955 merger of the Bank of Toronto (founded 1855) and the Dominion Bank (founded 1869), TD is one of Canada’s largest banks and offers a broad range of financial products and services to individual, small business, commercial and institutional clients.

TD’s core businesses include Canadian and U.S. personal and commercial banking, wealth management, wholesale banking and insurance.