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

Davis Rea LTD. lowered its stake in Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 7.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 80,208 shares of the bank’s stock after selling 6,120 shares during the period. Toronto Dominion Bank accounts for 1.9% of Davis Rea LTD.’s holdings, making the stock its 17th largest holding. Davis Rea LTD.’s holdings in Toronto Dominion Bank were worth $7,564,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. True Wealth Design LLC acquired a new stake in Toronto Dominion Bank in the third quarter valued at approximately $27,000. Mather Group LLC. acquired a new stake in Toronto Dominion Bank in the third quarter valued at approximately $30,000. Sachetta LLC acquired a new stake in Toronto Dominion Bank in the third quarter valued at approximately $33,000. Smartleaf Asset Management LLC boosted its position 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 in the last quarter. Finally, Sound Income Strategies LLC boosted its position 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 in the last quarter. Institutional investors and hedge funds own 52.37% of the company’s stock.

Analyst Upgrades and Downgrades

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

Toronto Dominion Bank Price Performance

Shares of NYSE:TD opened at $105.09 on Friday. The firm has a market cap of $174.04 billion, a PE ratio of 11.61, a price-to-earnings-growth ratio of 1.19 and a beta of 0.65. The firm’s fifty day moving average is $97.21 and its 200-day moving average is $91.27. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.05 and a current ratio of 1.05. Toronto Dominion Bank has a 52 week low of $61.75 and a 52 week high of $106.94.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last issued its quarterly earnings results on Thursday, February 26th. The bank reported $1.76 EPS for the quarter, topping analysts’ consensus estimates of $1.63 by $0.13. The company had revenue of $11.01 billion for the quarter, compared to analyst estimates of $10.43 billion. Toronto Dominion Bank had a net margin of 17.52% and a return on equity of 14.29%. Toronto Dominion Bank’s revenue was up 18.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.02 earnings per share. Sell-side analysts predict that Toronto Dominion Bank will post 6.87 earnings per share for the current year.

Toronto Dominion Bank Dividend Announcement

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

Toronto Dominion Bank Profile

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.