Litman Gregory Wealth Management LLC Buys 750 Shares of The Toronto-Dominion Bank (NYSE:TD)

Litman Gregory Wealth Management LLC grew its stake in The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 20.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 4,375 shares of the bank’s stock after purchasing an additional 750 shares during the period. Litman Gregory Wealth Management LLC’s holdings in Toronto-Dominion Bank were worth $283,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of TD. Fairfield Bush & CO. bought a new stake in shares of Toronto-Dominion Bank in the 1st quarter valued at approximately $26,000. BlackRock Inc. lifted its stake in shares of Toronto-Dominion Bank by 6.3% during the 1st quarter. BlackRock Inc. now owns 914,064 shares of the bank’s stock worth $72,595,000 after acquiring an additional 54,121 shares during the last quarter. U.S. Capital Wealth Advisors LLC bought a new stake in shares of Toronto-Dominion Bank during the 1st quarter worth approximately $200,000. Raymond James Trust N.A. lifted its stake in shares of Toronto-Dominion Bank by 1.7% during the 1st quarter. Raymond James Trust N.A. now owns 9,868 shares of the bank’s stock worth $784,000 after acquiring an additional 161 shares during the last quarter. Finally, Cetera Investment Advisers lifted its stake in shares of Toronto-Dominion Bank by 21.8% during the 1st quarter. Cetera Investment Advisers now owns 12,022 shares of the bank’s stock worth $955,000 after acquiring an additional 2,154 shares during the last quarter. 52.37% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on TD. Jefferies Financial Group began coverage on Toronto-Dominion Bank in a research note on Thursday, February 22nd. They set a “hold” rating for the company. Barclays began coverage on Toronto-Dominion Bank in a research note on Wednesday, March 20th. They set an “equal weight” rating for the company. Finally, Scotiabank raised Toronto-Dominion Bank from a “sector perform” rating to a “sector outperform” rating in a research note on Wednesday. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $89.33.

Toronto-Dominion Bank Stock Up 1.5 %

NYSE TD traded up $0.84 on Friday, reaching $58.09. 2,188,946 shares of the stock traded hands, compared to its average volume of 2,934,047. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.99 and a current ratio of 0.99. The company has a fifty day moving average price of $59.37 and a 200-day moving average price of $60.05. The company has a market cap of $102.42 billion, a price-to-earnings ratio of 12.41, a PEG ratio of 1.75 and a beta of 0.86. The Toronto-Dominion Bank has a 12 month low of $54.69 and a 12 month high of $66.15.

Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last issued its earnings results on Thursday, February 29th. The bank reported $1.47 earnings per share for the quarter, beating analysts’ consensus estimates of $1.42 by $0.05. The business had revenue of $10.07 billion during the quarter, compared to analyst estimates of $9.35 billion. Toronto-Dominion Bank had a return on equity of 14.15% and a net margin of 11.16%. As a group, research analysts forecast that The Toronto-Dominion Bank will post 5.85 EPS for the current fiscal year.

Toronto-Dominion Bank Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 9th will be issued a $0.7519 dividend. The ex-dividend date is Monday, April 8th. This is an increase from Toronto-Dominion Bank’s previous quarterly dividend of $0.75. This represents a $3.01 dividend on an annualized basis and a dividend yield of 5.18%. Toronto-Dominion Bank’s dividend payout ratio (DPR) is currently 30.56%.

About Toronto-Dominion Bank

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.