Resources Management Corp CT ADV Has $2.49 Million Stock Position in Toronto Dominion Bank (The) $TD

Resources Management Corp CT ADV grew its position in Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 294.8% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 26,451 shares of the bank’s stock after buying an additional 19,751 shares during the period. Resources Management Corp CT ADV’s holdings in Toronto Dominion Bank were worth $2,492,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in TD. Norges Bank acquired a new stake in shares of Toronto Dominion Bank in the 4th quarter valued at $2,125,963,000. Canerector Inc. increased its stake in shares of Toronto Dominion Bank by 11,028.0% in the 3rd quarter. Canerector Inc. now owns 22,256,000 shares of the bank’s stock valued at $1,779,367,000 after buying an additional 22,056,000 shares during the period. Healthcare of Ontario Pension Plan Trust Fund increased its stake in shares of Toronto Dominion Bank by 41.6% in the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 11,899,945 shares of the bank’s stock valued at $1,121,660,000 after buying an additional 3,496,645 shares during the period. Massachusetts Financial Services Co. MA increased its stake in shares of Toronto Dominion Bank by 25.9% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 15,210,762 shares of the bank’s stock valued at $1,432,854,000 after buying an additional 3,129,457 shares during the period. Finally, Quadrature Capital Ltd grew its stake in shares of Toronto Dominion Bank by 5,566.3% during the third quarter. Quadrature Capital Ltd now owns 2,451,600 shares of the bank’s stock worth $196,028,000 after purchasing an additional 2,408,334 shares during the period. 52.37% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Zacks Research cut Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Raymond James Financial upgraded Toronto Dominion Bank from a “market perform” rating to an “outperform” rating in a report on Tuesday, May 12th. Scotiabank upgraded Toronto Dominion Bank from a “sector perform” rating to a “sector outperform” rating in a report on Monday, May 4th. Weiss Ratings lowered Toronto Dominion Bank from a “buy (b+)” rating to a “buy (b)” rating in a report on Thursday. Finally, Wall Street Zen lowered Toronto Dominion Bank from a “hold” rating to a “sell” rating in a report on Saturday, May 23rd. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $156.00.

Toronto Dominion Bank Price Performance

NYSE:TD opened at $117.32 on Monday. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.09. The stock’s 50 day moving average price is $107.43 and its two-hundred day moving average price is $98.43. The firm has a market capitalization of $193.87 billion, a price-to-earnings ratio of 18.30, a P/E/G ratio of 1.30 and a beta of 0.72. Toronto Dominion Bank has a 12-month low of $70.09 and a 12-month high of $117.95.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last released its quarterly earnings data on Thursday, May 28th. The bank reported $1.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.63 by $0.11. The firm had revenue of $11.80 billion for the quarter, compared to analyst estimates of $11.04 billion. Toronto Dominion Bank had a return on equity of 14.83% and a net margin of 13.20%.The business’s revenue for the quarter was down 31.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.97 earnings per share. On average, analysts anticipate that Toronto Dominion Bank will post 6.92 earnings per share for the current year.

Toronto Dominion Bank Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, July 10th will be given a $1.12 dividend. The ex-dividend date of this dividend is Friday, July 10th. This is a positive change from Toronto Dominion Bank’s previous quarterly dividend of $1.08. This represents a $4.48 annualized dividend and a dividend yield of 3.8%. Toronto Dominion Bank’s dividend payout ratio (DPR) is currently 48.52%.

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.