Vise Technologies Inc. Acquires 15,628 Shares of Toronto Dominion Bank (The) $TD

Vise Technologies Inc. raised its holdings in Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 53.7% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 44,734 shares of the bank’s stock after acquiring an additional 15,628 shares during the quarter. Vise Technologies Inc.’s holdings in Toronto Dominion Bank were worth $4,214,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. CBIZ Investment Advisory Services LLC bought a new position in Toronto Dominion Bank in the 4th quarter valued at $34,000. Smartleaf Asset Management LLC grew its position in shares of Toronto Dominion Bank by 660.9% during the 2nd quarter. Smartleaf Asset Management LLC now owns 525 shares of the bank’s stock worth $38,000 after buying an additional 456 shares in the last quarter. Cornerstone Planning Group LLC grew its position in shares of Toronto Dominion Bank by 177.9% during the 4th quarter. Cornerstone Planning Group LLC now owns 428 shares of the bank’s stock worth $40,000 after buying an additional 274 shares in the last quarter. Sound Income Strategies LLC grew its position in shares of Toronto Dominion Bank by 80.6% during the 4th quarter. Sound Income Strategies LLC now owns 466 shares of the bank’s stock worth $44,000 after buying an additional 208 shares in the last quarter. Finally, Murphy & Mullick Capital Management Corp bought a new position in shares of Toronto Dominion Bank during the 3rd quarter worth $48,000. Institutional investors own 52.37% of the company’s stock.

Toronto Dominion Bank Price Performance

Shares of NYSE TD opened at $113.26 on Friday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.04 and a current ratio of 1.04. The company has a market cap of $187.15 billion, a PE ratio of 17.67, a P/E/G ratio of 1.26 and a beta of 0.72. The business has a 50-day simple moving average of $105.17 and a two-hundred day simple moving average of $97.14. Toronto Dominion Bank has a fifty-two week low of $69.86 and a fifty-two week high of $114.56.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last issued its quarterly earnings results on Thursday, May 28th. The bank reported $1.74 earnings per share for the quarter, topping the consensus estimate of $1.63 by $0.11. The business had revenue of $11.80 billion during the quarter, compared to the consensus estimate of $11.04 billion. Toronto Dominion Bank had a return on equity of 14.83% and a net margin of 13.20%.The company’s quarterly revenue was down 31.1% on a year-over-year basis. During the same quarter last year, the company earned $1.97 earnings per share. As a group, equities analysts expect that Toronto Dominion Bank will post 6.92 EPS for the current fiscal year.

Toronto Dominion Bank Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, July 10th will be issued a $1.12 dividend. This is a boost from Toronto Dominion Bank’s previous quarterly dividend of $1.08. This represents a $4.48 annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend is Friday, July 10th. Toronto Dominion Bank’s dividend payout ratio is 48.52%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on TD. Scotiabank raised Toronto Dominion Bank from a “sector perform” rating to a “sector outperform” rating in a research report on Monday, May 4th. Zacks Research downgraded Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Royal Bank Of Canada increased their price target on Toronto Dominion Bank from $138.00 to $156.00 and gave the stock an “outperform” rating in a research report on Monday, June 1st. Raymond James Financial raised Toronto Dominion Bank from a “market perform” rating to an “outperform” rating in a research report on Tuesday, May 12th. Finally, Weiss Ratings downgraded Toronto Dominion Bank from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Friday, May 29th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Toronto Dominion Bank presently has a consensus rating of “Moderate Buy” and an average target price of $156.00.

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.