Knights of Columbus Asset Advisors LLC Buys 797 Shares of The Toronto-Dominion Bank (NYSE:TD)

Knights of Columbus Asset Advisors LLC lifted its stake in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 1.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 61,821 shares of the bank’s stock after acquiring an additional 797 shares during the quarter. Knights of Columbus Asset Advisors LLC’s holdings in Toronto-Dominion Bank were worth $3,995,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in TD. Fairfield Bush & CO. bought a new stake in Toronto-Dominion Bank in the first quarter worth approximately $26,000. Fortis Capital Advisors LLC bought a new stake in Toronto-Dominion Bank in the fourth quarter worth approximately $26,000. PCA Investment Advisory Services Inc. bought a new stake in Toronto-Dominion Bank in the second quarter worth approximately $26,000. Bray Capital Advisors increased its holdings 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 purchasing an additional 310 shares in the last quarter. Finally, Avior Wealth Management LLC increased its holdings in Toronto-Dominion Bank by 92.9% in the fourth quarter. Avior Wealth Management LLC now owns 594 shares of the bank’s stock worth $38,000 after purchasing an additional 286 shares in the last quarter. 52.37% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on TD shares. Scotiabank raised Toronto-Dominion Bank from a “sector perform” rating to a “sector outperform” rating in a research note on Wednesday. Barclays started coverage on Toronto-Dominion Bank in a research note on Wednesday, March 20th. They issued an “equal weight” rating for the company. Finally, Jefferies Financial Group started coverage on Toronto-Dominion Bank in a research note on Thursday, February 22nd. They issued a “hold” rating for the company. Five investment 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 price target of $89.33.

Toronto-Dominion Bank Stock Up 1.5 %

Shares of NYSE:TD opened at $58.09 on Friday. The stock has a market cap of $102.42 billion, a price-to-earnings ratio of 12.41, a PEG ratio of 1.79 and a beta of 0.86. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.09. The Toronto-Dominion Bank has a 12-month low of $54.69 and a 12-month high of $66.15. The business’s 50 day moving average is $59.37 and its 200 day moving average is $60.06.

Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last announced its earnings results on Thursday, February 29th. The bank reported $1.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.42 by $0.05. The company had revenue of $10.07 billion for the quarter, compared to analysts’ expectations of $9.35 billion. Toronto-Dominion Bank had a return on equity of 14.15% and a net margin of 11.16%. On average, sell-side analysts forecast that The Toronto-Dominion Bank will post 5.85 earnings per share for the current fiscal year.

Toronto-Dominion Bank Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, April 9th will be given a dividend of $0.7519 per share. This is a boost from Toronto-Dominion Bank’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend is Monday, April 8th. This represents a $3.01 annualized dividend and a dividend yield of 5.18%. Toronto-Dominion Bank’s payout ratio is presently 30.56%.

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.