Maryland State Retirement & Pension System Has $4.07 Million Stake in The Toronto-Dominion Bank (NYSE:TD)

Maryland State Retirement & Pension System boosted its position in The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 0.8% during the fourth quarter, HoldingsChannel.com reports. The fund owned 62,939 shares of the bank’s stock after buying an additional 523 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Toronto-Dominion Bank were worth $4,069,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Bray Capital Advisors lifted its position in shares of Toronto-Dominion Bank by 206.7% during 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. Bank of New Hampshire bought a new position in shares of Toronto-Dominion Bank in the 4th quarter valued at $32,000. Avior Wealth Management LLC boosted its holdings in shares of Toronto-Dominion Bank by 92.9% during the 4th quarter. Avior Wealth Management LLC now owns 594 shares of the bank’s stock valued at $38,000 after acquiring an additional 286 shares in the last quarter. Bruce G. Allen Investments LLC bought a new stake in Toronto-Dominion Bank during the 4th quarter worth $50,000. Finally, Bfsg LLC acquired a new position in Toronto-Dominion Bank in the 4th quarter worth about $57,000. 52.37% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

TD has been the topic of several research reports. Scotiabank upgraded Toronto-Dominion Bank from a “sector perform” rating to a “sector outperform” rating in a report on Wednesday, April 17th. Barclays began coverage on shares of Toronto-Dominion Bank in a research report on Wednesday, March 20th. They issued an “equal weight” rating for the company. Finally, Jefferies Financial Group began coverage on shares of Toronto-Dominion Bank in a 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 issued a buy rating to the company’s stock. According to data from MarketBeat.com, Toronto-Dominion Bank currently has a consensus rating of “Hold” and a consensus target price of $89.33.

Toronto-Dominion Bank Trading Up 1.1 %

Shares of Toronto-Dominion Bank stock traded up $0.59 on Tuesday, hitting $55.56. 2,398,064 shares of the company’s stock traded hands, compared to its average volume of 3,070,281. The company has a market capitalization of $97.96 billion, a price-to-earnings ratio of 11.74, a price-to-earnings-growth ratio of 1.71 and a beta of 0.84. The company has a fifty day moving average of $59.06 and a two-hundred day moving average of $60.01. 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 Toronto-Dominion Bank has a one year low of $54.12 and a one year high of $66.15.

Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last released its quarterly earnings data on Thursday, February 29th. The bank reported $1.47 earnings per share for the quarter, beating the consensus estimate of $1.42 by $0.05. The company had revenue of $10.07 billion during 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%. As a group, sell-side analysts expect that The Toronto-Dominion Bank will post 5.77 earnings per share for the current year.

Toronto-Dominion Bank Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 9th were paid a $0.7519 dividend. The ex-dividend date of this dividend was Monday, April 8th. This is an increase from Toronto-Dominion Bank’s previous quarterly dividend of $0.75. This represents a $3.01 annualized dividend and a dividend yield of 5.41%. Toronto-Dominion Bank’s dividend payout ratio (DPR) is currently 64.53%.

Toronto-Dominion Bank 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.