Metis Global Partners LLC Raises Stock Holdings in The Toronto-Dominion Bank (NYSE:TD)

Metis Global Partners LLC boosted its position in The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 10.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 87,915 shares of the bank’s stock after buying an additional 8,217 shares during the quarter. Metis Global Partners LLC’s holdings in Toronto-Dominion Bank were worth $5,681,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Bray Capital Advisors boosted its stake in Toronto-Dominion Bank by 206.7% in the third quarter. Bray Capital Advisors now owns 460 shares of the bank’s stock worth $28,000 after buying an additional 310 shares in the last quarter. Bank of New Hampshire purchased a new stake in shares of Toronto-Dominion Bank during the fourth quarter valued at approximately $32,000. Avior Wealth Management LLC boosted its stake in shares of Toronto-Dominion Bank by 92.9% during the fourth quarter. Avior Wealth Management LLC now owns 594 shares of the bank’s stock valued at $38,000 after purchasing an additional 286 shares during the period. Bruce G. Allen Investments LLC purchased a new stake in shares of Toronto-Dominion Bank during the fourth quarter valued at approximately $50,000. Finally, Bfsg LLC purchased a new stake in shares of Toronto-Dominion Bank during the fourth quarter valued at approximately $57,000. Hedge funds and other institutional investors own 52.37% of the company’s stock.

Toronto-Dominion Bank Trading Down 5.9 %

Shares of Toronto-Dominion Bank stock traded down $3.42 during midday trading on Friday, reaching $54.66. 8,094,543 shares of the company’s stock traded hands, compared to its average volume of 3,513,261. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.99 and a current ratio of 0.99. The company has a market cap of $96.38 billion, a PE ratio of 11.68, a price-to-earnings-growth ratio of 1.70 and a beta of 0.85. The stock has a 50 day moving average of $59.16 and a 200-day moving average of $60.04. The Toronto-Dominion Bank has a 12 month low of $54.12 and a 12 month high of $66.15.

Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last announced its earnings results on Thursday, February 29th. The bank reported $1.47 EPS for the quarter, beating analysts’ consensus estimates of $1.42 by $0.05. The company had revenue of $10.07 billion during the quarter, compared to the consensus estimate of $9.35 billion. Toronto-Dominion Bank had a return on equity of 14.15% and a net margin of 11.16%. As a group, equities analysts expect that The Toronto-Dominion Bank will post 5.77 EPS for the current fiscal year.

Toronto-Dominion Bank Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Tuesday, April 9th were issued a $0.7519 dividend. This is an increase from Toronto-Dominion Bank’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend was Monday, April 8th. This represents a $3.01 dividend on an annualized basis and a yield of 5.50%. Toronto-Dominion Bank’s dividend payout ratio is 30.56%.

Analyst Upgrades and Downgrades

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

Toronto-Dominion Bank Company Profile

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.