Highlander Capital Management LLC Invests $401,000 in Toronto-Dominion Bank (TD)

Highlander Capital Management LLC bought a new stake in shares of Toronto-Dominion Bank (NYSE:TD) (TSE:TD) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 7,052 shares of the bank’s stock, valued at approximately $401,000.

Other large investors also recently bought and sold shares of the company. Mackenzie Financial Corp grew its holdings in Toronto-Dominion Bank by 166.9% in the 4th quarter. Mackenzie Financial Corp now owns 21,264,327 shares of the bank’s stock worth $1,245,664,000 after buying an additional 13,296,812 shares in the last quarter. Great West Life Assurance Co. Can grew its holdings in Toronto-Dominion Bank by 0.9% in the 1st quarter. Great West Life Assurance Co. Can now owns 17,799,277 shares of the bank’s stock worth $1,008,843,000 after buying an additional 153,408 shares in the last quarter. CIBC Asset Management Inc grew its holdings in Toronto-Dominion Bank by 14.7% in the 1st quarter. CIBC Asset Management Inc now owns 17,437,378 shares of the bank’s stock worth $988,009,000 after buying an additional 2,239,762 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in Toronto-Dominion Bank by 27.7% in the 4th quarter. The Manufacturers Life Insurance Company now owns 16,261,914 shares of the bank’s stock worth $952,623,000 after buying an additional 3,527,079 shares in the last quarter. Finally, Toronto Dominion Bank grew its holdings in Toronto-Dominion Bank by 47.8% in the 1st quarter. Toronto Dominion Bank now owns 11,341,218 shares of the bank’s stock worth $642,784,000 after buying an additional 3,668,910 shares in the last quarter. 48.72% of the stock is owned by institutional investors.

A number of equities analysts recently issued reports on the company. Zacks Investment Research raised Toronto-Dominion Bank from a “hold” rating to a “buy” rating and set a $66.00 price objective for the company in a report on Wednesday, May 30th. Desjardins raised Toronto-Dominion Bank from a “hold” rating to a “buy” rating in a report on Friday, March 2nd. Finally, ValuEngine lowered Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a research note on Tuesday, April 3rd. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $79.00.

NYSE TD traded up $0.06 on Thursday, reaching $58.51. 15,681 shares of the stock traded hands, compared to its average volume of 1,290,891. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.91 and a current ratio of 0.91. The firm has a market cap of $106.95 billion, a P/E ratio of 13.83, a PEG ratio of 1.05 and a beta of 0.96. Toronto-Dominion Bank has a 12 month low of $48.39 and a 12 month high of $75.46.

Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last issued its quarterly earnings results on Thursday, May 24th. The bank reported $1.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.17 by $0.45. The firm had revenue of $9.47 billion during the quarter, compared to analyst estimates of $8.76 billion. Toronto-Dominion Bank had a return on equity of 16.50% and a net margin of 22.03%. The firm’s quarterly revenue was up 11.7% on a year-over-year basis. During the same period last year, the company posted $1.34 EPS. research analysts predict that Toronto-Dominion Bank will post 4.9 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 31st. Stockholders of record on Tuesday, July 10th will be given a dividend of $0.5239 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 3.58%. The ex-dividend date of this dividend is Monday, July 9th. This is an increase from Toronto-Dominion Bank’s previous quarterly dividend of $0.52. Toronto-Dominion Bank’s dividend payout ratio is 49.06%.

Toronto-Dominion Bank 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.

Want to see what other hedge funds are holding TD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Toronto-Dominion Bank (NYSE:TD) (TSE:TD).

Institutional Ownership by Quarter for Toronto-Dominion Bank (NYSE:TD)

Receive News & Ratings for Toronto-Dominion Bank Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Toronto-Dominion Bank and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit