Strs Ohio Has $13.57 Million Position in The Toronto-Dominion Bank (NYSE:TD)

Strs Ohio raised its position in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 16.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 208,940 shares of the bank’s stock after purchasing an additional 30,000 shares during the quarter. Strs Ohio’s holdings in Toronto-Dominion Bank were worth $13,566,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Fairfield Bush & CO. acquired a new position in shares of Toronto-Dominion Bank in the first quarter worth $26,000. Fortis Capital Advisors LLC acquired a new position in shares of Toronto-Dominion Bank in the fourth quarter worth $26,000. PCA Investment Advisory Services Inc. acquired a new position in shares of Toronto-Dominion Bank in the second quarter worth $26,000. Bray Capital Advisors increased its stake in shares of 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 acquiring an additional 310 shares during the last quarter. Finally, Financial Management Professionals Inc. acquired a new position in shares of Toronto-Dominion Bank in the third quarter worth $31,000. 52.37% of the stock is owned by institutional investors and hedge funds.

Toronto-Dominion Bank Stock Down 0.8 %

TD stock opened at $56.14 on Wednesday. The Toronto-Dominion Bank has a twelve month low of $54.69 and a twelve month high of $66.15. The company has a market cap of $98.99 billion, a PE ratio of 12.00, a price-to-earnings-growth ratio of 1.74 and a beta of 0.86. The business’s 50-day simple moving average is $59.48 and its 200 day simple moving average is $60.09. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.09.

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

Toronto-Dominion Bank Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, April 9th will be issued a dividend of $0.7519 per share. This represents a $3.01 dividend on an annualized basis and a yield of 5.36%. This is an increase from Toronto-Dominion Bank’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend is Monday, April 8th. Toronto-Dominion Bank’s payout ratio is presently 30.56%.

Analyst Ratings Changes

Several research firms have commented on TD. Jefferies Financial Group began coverage on shares of Toronto-Dominion Bank in a research report on Thursday, February 22nd. They set a “hold” rating on the stock. Scotiabank cut shares of Toronto-Dominion Bank from a “sector outperform” rating to a “sector perform” rating in a report on Wednesday, December 20th. Finally, Barclays assumed coverage on shares of Toronto-Dominion Bank in a report on Wednesday, March 20th. They set an “equal weight” rating for the company. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $89.33.

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.