The Toronto-Dominion Bank (NYSE:TD) Shares Bought by Addison Advisors LLC

Addison Advisors LLC raised its stake in The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 31.4% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 4,432 shares of the bank’s stock after purchasing an additional 1,060 shares during the quarter. Addison Advisors LLC’s holdings in Toronto-Dominion Bank were worth $286,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Cooper Financial Group increased its stake in Toronto-Dominion Bank by 2.4% during the fourth quarter. Cooper Financial Group now owns 8,120 shares of the bank’s stock worth $525,000 after purchasing an additional 188 shares during the period. Cape Cod Five Cents Savings Bank increased its stake in Toronto-Dominion Bank by 100.0% during the third quarter. Cape Cod Five Cents Savings Bank now owns 16,780 shares of the bank’s stock worth $1,011,000 after purchasing an additional 8,390 shares during the period. Schechter Investment Advisors LLC increased its stake in Toronto-Dominion Bank by 6.0% during the fourth quarter. Schechter Investment Advisors LLC now owns 7,697 shares of the bank’s stock worth $497,000 after purchasing an additional 434 shares during the period. Dixon Mitchell Investment Counsel Inc. increased its stake in Toronto-Dominion Bank by 17.3% during the fourth quarter. Dixon Mitchell Investment Counsel Inc. now owns 1,351,526 shares of the bank’s stock worth $87,784,000 after purchasing an additional 199,603 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Toronto-Dominion Bank by 35.9% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 848,539 shares of the bank’s stock worth $55,098,000 after purchasing an additional 224,241 shares during the period. Institutional investors and hedge funds own 52.37% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on TD. Scotiabank upgraded shares of Toronto-Dominion Bank from a “sector perform” rating to a “sector outperform” rating in a research note on Wednesday, April 17th. Jefferies Financial Group began coverage on shares of Toronto-Dominion Bank in a research note on Thursday, February 22nd. They set a “hold” rating on the stock. Finally, Barclays began coverage on shares of Toronto-Dominion Bank in a research note on Wednesday, March 20th. They set an “equal weight” rating on the stock. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $89.33.

Toronto-Dominion Bank Stock Up 0.5 %

Toronto-Dominion Bank stock traded up $0.27 during mid-day trading on Friday, hitting $59.38. The company had a trading volume of 2,542,598 shares, compared to its average volume of 3,322,045. The stock has a market cap of $104.70 billion, a price-to-earnings ratio of 12.69, a PEG ratio of 1.82 and a beta of 0.86. The Toronto-Dominion Bank has a 1 year low of $54.69 and a 1 year high of $66.15. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.09. The business has a fifty day moving average of $59.35 and a 200 day moving average of $60.07.

Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last announced its quarterly 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. The company had revenue of $10.07 billion for the quarter, compared to analyst estimates of $9.35 billion. Toronto-Dominion Bank had a net margin of 11.16% and a return on equity of 14.15%. On average, sell-side analysts expect that The Toronto-Dominion Bank will post 5.85 earnings per share 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. Shareholders of record on Tuesday, April 9th will be paid a $0.7519 dividend. This is a positive change from Toronto-Dominion Bank’s previous quarterly dividend of $0.75. This represents a $3.01 annualized dividend and a yield of 5.07%. The ex-dividend date is Monday, April 8th. Toronto-Dominion Bank’s dividend payout ratio 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.