Cumberland Partners Ltd Has $8.73 Million Position in Toronto Dominion Bank (The) $TD

Cumberland Partners Ltd grew its stake in Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 8.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 109,173 shares of the bank’s stock after purchasing an additional 8,615 shares during the quarter. Cumberland Partners Ltd’s holdings in Toronto Dominion Bank were worth $8,727,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of TD. AQR Capital Management LLC acquired a new stake in Toronto Dominion Bank during the 1st quarter worth approximately $568,000. Focus Partners Wealth boosted its holdings in Toronto Dominion Bank by 27.7% in the 1st quarter. Focus Partners Wealth now owns 24,970 shares of the bank’s stock valued at $1,497,000 after purchasing an additional 5,410 shares during the period. Sivia Capital Partners LLC acquired a new position in shares of Toronto Dominion Bank during the 2nd quarter worth approximately $259,000. Atria Wealth Solutions Inc. bought a new position in shares of Toronto Dominion Bank during the second quarter worth approximately $233,000. Finally, Private Trust Co. NA raised its position in shares of Toronto Dominion Bank by 126.0% in the second quarter. Private Trust Co. NA now owns 1,270 shares of the bank’s stock valued at $93,000 after buying an additional 708 shares in the last quarter. Institutional investors own 52.37% of the company’s stock.

Wall Street Analyst Weigh In

TD has been the topic of a number of recent research reports. Weiss Ratings restated a “buy (b)” rating on shares of Toronto Dominion Bank in a research note on Wednesday, January 21st. Canadian Imperial Bank of Commerce cut shares of Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 12th. National Bank Financial upgraded shares of Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a research note on Thursday, December 18th. Wall Street Zen raised shares of Toronto Dominion Bank from a “sell” rating to a “hold” rating in a report on Saturday, February 14th. Finally, Jefferies Financial Group lowered shares of Toronto Dominion Bank from a “buy” rating to a “hold” rating in a research report on Tuesday, November 25th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $93.00.

Toronto Dominion Bank Trading Up 0.6%

Shares of TD stock opened at $96.15 on Thursday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.09. The firm has a market capitalization of $160.70 billion, a P/E ratio of 11.41, a P/E/G ratio of 1.29 and a beta of 0.67. Toronto Dominion Bank has a twelve month low of $54.87 and a twelve month high of $99.04. The stock’s fifty day simple moving average is $94.42 and its 200 day simple moving average is $84.48.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last released its quarterly earnings results on Thursday, December 4th. The bank reported $1.56 earnings per share for the quarter, topping the consensus estimate of $1.46 by $0.10. Toronto Dominion Bank had a return on equity of 13.90% and a net margin of 16.52%.The company had revenue of $11.44 billion for the quarter, compared to analysts’ expectations of $10.10 billion. During the same period in the previous year, the business posted $1.72 earnings per share. The business’s quarterly revenue was down .1% compared to the same quarter last year. As a group, sell-side analysts predict that Toronto Dominion Bank will post 5.48 EPS for the current fiscal year.

Toronto Dominion Bank Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Saturday, January 31st. Investors of record on Friday, January 9th were issued a $1.08 dividend. The ex-dividend date was Friday, January 9th. This is a positive change from Toronto Dominion Bank’s previous quarterly dividend of $1.05. This represents a $4.32 dividend on an annualized basis and a yield of 4.5%. Toronto Dominion Bank’s dividend payout ratio (DPR) is currently 37.37%.

About Toronto Dominion Bank

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.