Duality Advisers LP Takes Position in The Toronto-Dominion Bank (NYSE:TD)

Duality Advisers LP bought a new position in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 64,984 shares of the bank’s stock, valued at approximately $4,199,000.

A number of other institutional investors have also recently added to or reduced their stakes in TD. Raymond James Trust N.A. raised its position in shares of Toronto-Dominion Bank by 1.7% during the first 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. Private Trust Co. NA raised its holdings in Toronto-Dominion Bank by 10.6% during the 4th quarter. Private Trust Co. NA now owns 1,808 shares of the bank’s stock worth $117,000 after purchasing an additional 174 shares during the last quarter. Stratos Wealth Partners LTD. lifted its position in shares of Toronto-Dominion Bank by 0.9% in the 4th quarter. Stratos Wealth Partners LTD. now owns 20,126 shares of the bank’s stock worth $1,301,000 after purchasing an additional 174 shares during the period. Centaurus Financial Inc. boosted its stake in shares of Toronto-Dominion Bank by 7.7% in the 1st quarter. Centaurus Financial Inc. now owns 2,447 shares of the bank’s stock valued at $147,000 after purchasing an additional 174 shares during the last quarter. Finally, State Street Corp boosted its stake in shares of Toronto-Dominion Bank by 2.3% in the 1st quarter. State Street Corp now owns 8,058 shares of the bank’s stock valued at $483,000 after purchasing an additional 184 shares during the last quarter. 52.37% of the stock is owned by institutional investors.

Toronto-Dominion Bank Stock Up 1.5 %

NYSE:TD traded up $0.84 during trading hours on Friday, reaching $58.09. The company had a trading volume of 3,750,532 shares, compared to its average volume of 3,067,204. The business’s 50-day simple moving average is $59.37 and its two-hundred day simple moving average is $60.07. The Toronto-Dominion Bank has a twelve month low of $54.69 and a twelve month high of $66.15. The firm has a market cap of $102.42 billion, a price-to-earnings ratio of 12.41, a P/E/G ratio of 1.79 and a beta of 0.86. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.09.

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

Toronto-Dominion Bank Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 9th will be given a dividend of $0.7519 per share. This represents a $3.01 dividend on an annualized basis and a dividend yield of 5.18%. This is a positive change from Toronto-Dominion Bank’s previous quarterly dividend of $0.75. The ex-dividend date is Monday, April 8th. Toronto-Dominion Bank’s dividend payout ratio is presently 30.56%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Jefferies Financial Group initiated coverage on shares of 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 report on Wednesday, March 20th. They issued an “equal weight” rating for the company. Finally, Scotiabank upgraded Toronto-Dominion Bank from a “sector perform” rating to a “sector outperform” rating in a research report on Wednesday. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, Toronto-Dominion Bank currently has an average rating of “Hold” and a consensus target price of $89.33.

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.