Addison Advisors LLC Purchases 1,060 Shares of The Toronto-Dominion Bank (NYSE:TD)

Addison Advisors LLC boosted its position in The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 31.4% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 4,432 shares of the bank’s stock after purchasing an additional 1,060 shares during the period. Addison Advisors LLC’s holdings in Toronto-Dominion Bank were worth $286,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Private Trust Co. NA grew its position in Toronto-Dominion Bank by 10.6% in the 4th quarter. Private Trust Co. NA now owns 1,808 shares of the bank’s stock worth $117,000 after purchasing an additional 174 shares in the last quarter. Stratos Wealth Partners LTD. grew its position in shares of Toronto-Dominion Bank by 0.9% during the 4th quarter. Stratos Wealth Partners LTD. now owns 20,126 shares of the bank’s stock valued at $1,301,000 after acquiring an additional 174 shares during the period. Cooper Financial Group grew its position in shares of Toronto-Dominion Bank by 2.4% during the 4th quarter. Cooper Financial Group now owns 8,120 shares of the bank’s stock valued at $525,000 after acquiring an additional 188 shares during the period. Costello Asset Management INC grew its position in shares of Toronto-Dominion Bank by 3.3% during the 3rd quarter. Costello Asset Management INC now owns 6,325 shares of the bank’s stock valued at $381,000 after acquiring an additional 200 shares during the period. Finally, CENTRAL TRUST Co grew its position in shares of Toronto-Dominion Bank by 1.3% during the 3rd quarter. CENTRAL TRUST Co now owns 15,928 shares of the bank’s stock valued at $960,000 after acquiring an additional 207 shares during the period. 52.37% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Barclays assumed coverage on shares of Toronto-Dominion Bank in a research note on Wednesday, March 20th. They set an “equal weight” rating on the stock. Scotiabank upgraded shares of Toronto-Dominion Bank from a “sector perform” rating to a “sector outperform” rating in a research note on Wednesday, April 17th. Finally, Jefferies Financial Group assumed coverage on shares of Toronto-Dominion Bank in a research note on Thursday, February 22nd. They set a “hold” rating on the stock. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $89.33.

Toronto-Dominion Bank Price Performance

Shares of Toronto-Dominion Bank stock traded up $0.27 on Friday, hitting $59.38. 2,542,598 shares of the company traded hands, compared to its average volume of 3,322,045. The firm’s 50-day simple moving average is $59.35 and its 200 day simple moving average is $60.07. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.09. The company has a market cap of $104.70 billion, a P/E ratio of 12.69, a P/E/G ratio of 1.82 and a beta of 0.86. The Toronto-Dominion Bank has a 12-month low of $54.69 and a 12-month high of $66.15.

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

Toronto-Dominion Bank Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, April 9th will be issued a $0.7519 dividend. This represents a $3.01 dividend on an annualized basis and a yield of 5.07%. The ex-dividend date of this dividend is Monday, April 8th. This is a positive change from Toronto-Dominion Bank’s previous quarterly dividend of $0.75. Toronto-Dominion Bank’s dividend payout ratio (DPR) is 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.