Pure Financial Advisors LLC Purchases New Holdings in Toronto Dominion Bank (The) $TD

Pure Financial Advisors LLC acquired a new position in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 4,337 shares of the bank’s stock, valued at approximately $409,000.

A number of other institutional investors and hedge funds have also made changes to their positions in TD. Main Line Retirement Advisors LLC boosted its position in shares of Toronto Dominion Bank by 0.9% in the 4th quarter. Main Line Retirement Advisors LLC now owns 12,152 shares of the bank’s stock worth $1,145,000 after purchasing an additional 109 shares in the last quarter. Rosenberg Matthew Hamilton increased its position in Toronto Dominion Bank by 8.6% during the 4th quarter. Rosenberg Matthew Hamilton now owns 1,489 shares of the bank’s stock valued at $140,000 after buying an additional 118 shares in the last quarter. Richardson Financial Services Inc. raised its stake in Toronto Dominion Bank by 12.4% during the fourth quarter. Richardson Financial Services Inc. now owns 1,104 shares of the bank’s stock valued at $104,000 after buying an additional 122 shares during the last quarter. Commons Capital LLC raised its stake in Toronto Dominion Bank by 0.7% during the third quarter. Commons Capital LLC now owns 18,251 shares of the bank’s stock valued at $1,459,000 after buying an additional 134 shares during the last quarter. Finally, CIBC Private Wealth Group LLC boosted its holdings in Toronto Dominion Bank by 4.8% in the third quarter. CIBC Private Wealth Group LLC now owns 2,912 shares of the bank’s stock worth $233,000 after acquiring an additional 134 shares in the last quarter. Institutional investors own 52.37% of the company’s stock.

Toronto Dominion Bank Stock Performance

Shares of TD opened at $119.38 on Monday. The company has a market cap of $197.27 billion, a price-to-earnings ratio of 18.62, a P/E/G ratio of 1.32 and a beta of 0.72. The business’s fifty day simple moving average is $109.64 and its two-hundred day simple moving average is $99.67. Toronto Dominion Bank has a 12 month low of $70.50 and a 12 month high of $120.27. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.09.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last posted its quarterly earnings results on Thursday, May 28th. The bank reported $1.74 earnings per share for the quarter, topping the consensus estimate of $1.63 by $0.11. Toronto Dominion Bank had a return on equity of 14.83% and a net margin of 13.20%.The firm had revenue of $11.80 billion during the quarter, compared to analysts’ expectations of $11.04 billion. During the same quarter in the previous year, the business earned $1.97 earnings per share. The company’s revenue was down 31.1% on a year-over-year basis. Research analysts anticipate that Toronto Dominion Bank will post 6.92 earnings per share for the current fiscal year.

Toronto Dominion Bank Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, July 10th will be given a $1.12 dividend. This is a positive change from Toronto Dominion Bank’s previous quarterly dividend of $1.08. The ex-dividend date of this dividend is Friday, July 10th. This represents a $4.48 dividend on an annualized basis and a yield of 3.8%. Toronto Dominion Bank’s payout ratio is presently 48.52%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on TD. Royal Bank Of Canada raised their price target on Toronto Dominion Bank from $138.00 to $156.00 and gave the company an “outperform” rating in a report on Monday, June 1st. Scotiabank upgraded shares of Toronto Dominion Bank from a “sector perform” rating to a “sector outperform” rating in a research note on Monday, May 4th. Zacks Research downgraded shares of Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Weiss Ratings lowered shares of Toronto Dominion Bank from a “buy (b+)” rating to a “buy (b)” rating in a research note on Thursday, June 11th. Finally, Raymond James Financial raised shares of Toronto Dominion Bank from a “market perform” rating to an “outperform” rating in a report on Tuesday, May 12th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $156.00.

Toronto Dominion Bank Company Profile

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.