Davis Rea LTD. Has $7.56 Million Stake in Toronto Dominion Bank (The) $TD

Davis Rea LTD. decreased its position in Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 7.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 80,208 shares of the bank’s stock after selling 6,120 shares during the period. Toronto Dominion Bank makes up 1.9% of Davis Rea LTD.’s holdings, making the stock its 17th biggest holding. Davis Rea LTD.’s holdings in Toronto Dominion Bank were worth $7,564,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of TD. True Wealth Design LLC acquired a new position in Toronto Dominion Bank in the third quarter valued at $27,000. Mather Group LLC. acquired a new position in Toronto Dominion Bank in the third quarter valued at $30,000. Sachetta LLC acquired a new position in Toronto Dominion Bank in the third quarter valued at $33,000. Smartleaf Asset Management LLC lifted its holdings in Toronto Dominion Bank by 660.9% in the second quarter. Smartleaf Asset Management LLC now owns 525 shares of the bank’s stock valued at $38,000 after buying an additional 456 shares during the period. Finally, Sound Income Strategies LLC lifted its holdings in Toronto Dominion Bank by 80.6% in the fourth quarter. Sound Income Strategies LLC now owns 466 shares of the bank’s stock valued at $44,000 after buying an additional 208 shares during the period. Institutional investors and hedge funds own 52.37% of the company’s stock.

Toronto Dominion Bank Trading Up 0.5%

TD opened at $105.09 on Friday. Toronto Dominion Bank has a 1-year low of $61.75 and a 1-year high of $106.94. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.09. The company has a market cap of $174.04 billion, a P/E ratio of 11.61, a price-to-earnings-growth ratio of 1.19 and a beta of 0.65. The company has a fifty day moving average price of $97.21 and a two-hundred day moving average price of $91.27.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last posted its quarterly earnings results on Thursday, February 26th. The bank reported $1.76 earnings per share for the quarter, beating the consensus estimate of $1.63 by $0.13. Toronto Dominion Bank had a net margin of 17.52% and a return on equity of 14.29%. The firm had revenue of $11.01 billion during the quarter, compared to the consensus estimate of $10.43 billion. During the same period in the previous year, the firm posted $2.02 earnings per share. The business’s revenue was up 18.1% compared to the same quarter last year. Analysts predict that Toronto Dominion Bank will post 6.87 EPS for the current fiscal year.

Toronto Dominion Bank Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Thursday, April 9th will be given a dividend of $1.08 per share. The ex-dividend date of this dividend is Thursday, April 9th. This represents a $4.32 annualized dividend and a dividend yield of 4.1%. Toronto Dominion Bank’s payout ratio is presently 34.36%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Canadian Imperial Bank of Commerce lowered shares of Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 12th. Weiss Ratings upgraded shares of Toronto Dominion Bank from a “buy (b)” rating to a “buy (a-)” rating in a report on Friday, March 27th. Wall Street Zen lowered shares of Toronto Dominion Bank from a “hold” rating to a “sell” rating in a report on Saturday, April 11th. Finally, Zacks Research upgraded shares of Toronto Dominion Bank from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 18th. Three equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $93.00.

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.