5,495 Shares in Toronto Dominion Bank (The) $TD Purchased by Avanza Fonder AB

Avanza Fonder AB bought a new position in Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 5,495 shares of the bank’s stock, valued at approximately $518,000.

Several other hedge funds and other institutional investors have also bought and sold shares of TD. True Wealth Design LLC purchased a new stake in shares of Toronto Dominion Bank during the 3rd quarter valued at about $27,000. Mather Group LLC. purchased a new position in shares of Toronto Dominion Bank during the third quarter valued at approximately $30,000. Elevation Point Wealth Partners LLC bought a new position in Toronto Dominion Bank during the second quarter valued at approximately $32,000. Sachetta LLC purchased a new stake in Toronto Dominion Bank in the third quarter worth approximately $33,000. Finally, Smartleaf Asset Management LLC boosted its holdings in Toronto Dominion Bank by 660.9% in the second quarter. Smartleaf Asset Management LLC now owns 525 shares of the bank’s stock worth $38,000 after purchasing an additional 456 shares during the last quarter. Institutional investors own 52.37% of the company’s stock.

Toronto Dominion Bank Stock Performance

Shares of NYSE TD opened at $94.30 on Thursday. Toronto Dominion Bank has a 12-month low of $54.87 and a 12-month high of $99.84. The firm has a market capitalization of $157.61 billion, a price-to-earnings ratio of 10.42, a price-to-earnings-growth ratio of 1.06 and a beta of 0.66. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.09. The firm has a 50 day moving average of $95.42 and a 200 day moving average of $88.26.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last released its quarterly earnings results on Thursday, February 26th. The bank reported $1.76 earnings per share for the quarter, topping the consensus estimate of $1.63 by $0.13. The business 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%. The company’s quarterly revenue was up 18.1% on a year-over-year basis. During the same period last year, the firm earned $2.02 earnings per share. On average, research analysts anticipate that Toronto Dominion Bank will post 5.48 earnings per share for the current year.

Toronto Dominion Bank Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 30th. Investors of record on Thursday, April 9th will be issued a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date of this dividend is Thursday, April 9th. Toronto Dominion Bank’s dividend payout ratio (DPR) is currently 34.81%.

Wall Street Analysts Forecast Growth

TD has been the subject of a number of research analyst reports. Wall Street Zen raised shares of Toronto Dominion Bank from a “sell” rating to a “hold” rating in a research report on Monday, March 2nd. Zacks Research upgraded Toronto Dominion Bank from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 18th. National Bank Financial raised Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a report on Thursday, December 18th. Weiss Ratings reiterated a “buy (b)” rating on shares of Toronto Dominion Bank in a research report on Wednesday, January 21st. Finally, Canadian Imperial Bank of Commerce downgraded Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 12th. Two research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $93.00.

About Toronto Dominion Bank

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.