Metis Global Partners LLC Raises Stock Holdings in The Toronto-Dominion Bank (NYSE:TD)

Metis Global Partners LLC raised its position in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 10.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 87,915 shares of the bank’s stock after acquiring an additional 8,217 shares during the period. Metis Global Partners LLC’s holdings in Toronto-Dominion Bank were worth $5,681,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. Commonwealth Equity Services LLC increased its position in shares of Toronto-Dominion Bank by 2.5% during the 3rd quarter. Commonwealth Equity Services LLC now owns 128,853 shares of the bank’s stock valued at $7,765,000 after purchasing an additional 3,179 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its position in shares of Toronto-Dominion Bank by 1.9% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 56,810 shares of the bank’s stock valued at $3,423,000 after purchasing an additional 1,053 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its position in shares of Toronto-Dominion Bank by 33.3% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 58,964 shares of the bank’s stock valued at $3,553,000 after purchasing an additional 14,726 shares during the last quarter. Stratos Wealth Partners LTD. increased its position in shares of Toronto-Dominion Bank by 2.1% during the 3rd quarter. Stratos Wealth Partners LTD. now owns 19,952 shares of the bank’s stock valued at $1,202,000 after purchasing an additional 411 shares during the last quarter. Finally, MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH increased its position in shares of Toronto-Dominion Bank by 13.2% during the 3rd quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 32,250 shares of the bank’s stock valued at $1,952,000 after purchasing an additional 3,771 shares during the last quarter. 52.37% of the stock is owned by hedge funds and other institutional investors.

Toronto-Dominion Bank Trading Down 5.9 %

Toronto-Dominion Bank stock traded down $3.42 during mid-day trading on Friday, hitting $54.66. The company’s stock had a trading volume of 8,094,543 shares, compared to its average volume of 3,513,261. The company has a 50 day moving average of $59.16 and a 200-day moving average of $60.04. The stock has a market cap of $96.38 billion, a PE ratio of 11.68, a P/E/G ratio of 1.70 and a beta of 0.85. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.99 and a current ratio of 0.99. The Toronto-Dominion Bank has a one year low of $54.12 and a one year high of $66.15.

Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last posted its quarterly earnings results on Thursday, February 29th. The bank reported $1.47 earnings per share (EPS) 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 5.77 EPS for the current year.

Toronto-Dominion Bank Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 9th were given a dividend of $0.7519 per share. This is an increase from Toronto-Dominion Bank’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend was Monday, April 8th. This represents a $3.01 dividend on an annualized basis and a dividend yield of 5.50%. Toronto-Dominion Bank’s dividend payout ratio is presently 30.56%.

Analysts Set New Price Targets

Several research firms have recently weighed in on TD. Barclays began coverage on Toronto-Dominion Bank in a research report on Wednesday, March 20th. They set an “equal weight” rating on the stock. Jefferies Financial Group assumed coverage on Toronto-Dominion Bank in a research report on Thursday, February 22nd. They issued a “hold” rating on the stock. Finally, Scotiabank raised Toronto-Dominion Bank from a “sector perform” rating to a “sector outperform” rating in a research report on Wednesday, April 17th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, Toronto-Dominion Bank currently has an average rating of “Hold” and a consensus price target of $89.33.

Toronto-Dominion Bank Company 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.