The Toronto-Dominion Bank (NYSE:TD) Shares Purchased by Atomi Financial Group Inc.

Atomi Financial Group Inc. boosted its stake in The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 30.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,069 shares of the bank’s stock after purchasing an additional 1,423 shares during the period. Atomi Financial Group Inc.’s holdings in Toronto-Dominion Bank were worth $366,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Mather Group LLC. acquired a new stake in shares of Toronto-Dominion Bank during the first quarter valued at about $29,000. LifeSteps Financial Inc. acquired a new stake in shares of Toronto-Dominion Bank during the first quarter valued at about $30,000. Bank of New Hampshire acquired a new stake in shares of Toronto-Dominion Bank during the fourth quarter valued at about $32,000. Avior Wealth Management LLC grew its stake in shares of Toronto-Dominion Bank by 92.9% during the fourth quarter. Avior Wealth Management LLC now owns 594 shares of the bank’s stock valued at $38,000 after acquiring an additional 286 shares in the last quarter. Finally, Optiver Holding B.V. acquired a new stake in shares of Toronto-Dominion Bank during the fourth quarter valued at about $39,000. 52.37% of the stock is currently owned by institutional investors and hedge funds.

Toronto-Dominion Bank Price Performance

Toronto-Dominion Bank stock traded up $0.59 during mid-day trading on Monday, hitting $57.34. The company’s stock had a trading volume of 1,392,870 shares, compared to its average volume of 2,914,970. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $100.19 billion, a P/E ratio of 12.97, a P/E/G ratio of 1.56 and a beta of 0.82. The Toronto-Dominion Bank has a twelve month low of $53.52 and a twelve month high of $66.15. The stock’s fifty day moving average price is $55.53 and its two-hundred day moving average price is $58.40.

Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last announced its earnings results on Thursday, May 23rd. The bank reported $1.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.35 by $0.15. Toronto-Dominion Bank had a net margin of 9.96% and a return on equity of 14.38%. The company had revenue of $10.18 billion for the quarter, compared to the consensus estimate of $9.90 billion. Research analysts forecast that The Toronto-Dominion Bank will post 5.86 earnings per share for the current year.

Toronto-Dominion Bank Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Wednesday, July 10th will be paid a dividend of $0.74 per share. This represents a $2.96 annualized dividend and a yield of 5.16%. The ex-dividend date of this dividend is Wednesday, July 10th. Toronto-Dominion Bank’s dividend payout ratio (DPR) is currently 67.73%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on TD. BMO Capital Markets lowered their target price on Toronto-Dominion Bank from $86.00 to $84.00 and set a “market perform” rating for the company in a research note on Friday, May 24th. Cibc World Mkts raised shares of Toronto-Dominion Bank from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 24th. Barclays started coverage on shares of Toronto-Dominion Bank in a research report on Wednesday, March 20th. They set an “equal weight” rating on the stock. StockNews.com cut shares of Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a research report on Thursday, June 27th. Finally, Scotiabank raised shares of Toronto-Dominion Bank from a “sector perform” rating to a “sector outperform” rating in a research report on Wednesday, April 17th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $88.00.

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.