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.
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.
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