Sterling Financial Planning Inc. Makes New $207,000 Investment in The Toronto-Dominion Bank (NYSE:TD)

Sterling Financial Planning Inc. purchased a new position in The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 3,200 shares of the bank’s stock, valued at approximately $207,000.

Other large investors have also bought and sold shares of the company. Fairfield Bush & CO. bought a new stake in shares of Toronto-Dominion Bank in the 1st quarter worth approximately $26,000. Fortis Capital Advisors LLC bought a new stake in shares of Toronto-Dominion Bank in the 4th quarter worth approximately $26,000. PCA Investment Advisory Services Inc. bought a new stake in shares of Toronto-Dominion Bank in the 2nd quarter worth approximately $26,000. Bray Capital Advisors grew its position in shares of Toronto-Dominion Bank by 206.7% in the 3rd quarter. Bray Capital Advisors now owns 460 shares of the bank’s stock worth $28,000 after buying an additional 310 shares during the last quarter. Finally, Financial Management Professionals Inc. bought a new stake in shares of Toronto-Dominion Bank in the 3rd quarter worth approximately $31,000. 52.37% of the stock is owned by hedge funds and other institutional investors.

Toronto-Dominion Bank Stock Performance

Toronto-Dominion Bank stock traded up $0.43 during mid-day trading on Thursday, reaching $57.25. 2,912,338 shares of the stock traded hands, compared to its average volume of 2,936,896. The business’s 50-day moving average is $59.43 and its 200-day moving average is $60.07. The Toronto-Dominion Bank has a 12-month low of $54.69 and a 12-month high of $66.15. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.99 and a quick ratio of 0.99. The stock has a market capitalization of $100.94 billion, a PE ratio of 12.24, a price-to-earnings-growth ratio of 1.73 and a beta of 0.86.

Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last released its quarterly earnings results on Thursday, February 29th. The bank reported $1.47 earnings per share (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 business had revenue of $10.07 billion during the quarter, compared to analyst estimates of $9.35 billion. As a group, sell-side analysts predict that The Toronto-Dominion Bank will post 5.85 EPS for the current fiscal year.

Toronto-Dominion Bank Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, April 9th will be given a dividend of $0.7519 per share. The ex-dividend date is Monday, April 8th. This represents a $3.01 annualized dividend and a dividend yield of 5.25%. This is a boost from Toronto-Dominion Bank’s previous quarterly dividend of $0.75. Toronto-Dominion Bank’s dividend payout ratio (DPR) is currently 30.56%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Scotiabank upgraded Toronto-Dominion Bank from a “sector perform” rating to a “sector outperform” rating in a research report on Wednesday. Barclays initiated coverage on Toronto-Dominion Bank in a research report on Wednesday, March 20th. They set an “equal weight” rating on the stock. Finally, Jefferies Financial Group initiated coverage on Toronto-Dominion Bank in a research report on Thursday, February 22nd. They set a “hold” rating on the stock. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target 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.